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Saudi Aramco's profits soar 44 percent as war boosts oil prices Oil company Saudi Aramco reported a 44 percent surge in net profits on Tuesday, as the war on Iran sent oil prices soaring.
The preferred shares have recovered nearly 24% from their June closing low as Strategy builds its cash reserve and repurchases STRC.
The UAE's economy grew 3 per cent on an annual basis in the first three months of 2026 to reach Dh485 billion as the country's non-oil sector expanded.
SoftBank’s financial services segment saw operating income surge 107% in the prior fiscal year.
Conflicting signals from the US and Iran boosted uncertainty, with the latest attack on shipping in the Strait of Hormuz highlighting risks to global energy flows.
Investors rotated back into defensive and domestic-oriented sectors amid improving global risk appetite, says analyst.