iShares MSCI Saudi Arabia ETF

KSA

Market cap $678M

Saudi Arabia is expected to burn more imported fuel oil for power generation this summer following ​a loss of natural gas supply from oilfields that have been shut after the Iran war curbed its oil exports, ‌analysts said.

Q1 2026 adjusted net income rose by 26% year-on-year and by 34% quarter-on-quarter. The profit figure beat analyst forecasts, Aramco said.

Saudi oil giant ​Aramco reported on Sunday ‌a 25% rise in first-quarter ​net profit, ​mainly due to ⁠higher sales, ​while the East-West ​crude pipeline that circumvents the Strait ​of Hormuz ​has reached its full ‌capacity.

The United Arab Emirates' decision to exit OPEC and OPEC+ was not directed against ​anyone but meant to serve national interests, Abu Dhabi National ‌Oil Company CEO Sultan Al Jaber said on Monday.

The United Arab Emirates will exit OPEC on May 1. European bank earnings top forecasts, but Airbus misses expectations.

Suhail Al Mazrouei, the UAE's Energy Minister speaks to CNBC's Dan Murphy following the country's announcement it will leave OPEC. The Minister described the move as a "pure policy change", dismissing suggestions it is a rejection of production cuts led by Saudi Arabia.

The United Arab Emirates is leaving OPEC on May 1, dealing a blow to the group and its leader Saudi Arabia. UAE Energy Minister Suhail Al Mazrouei tells Bloomberg's Joumanna Bercetche that the timing is right because of the war in Iran.

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Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this year on ​spillovers from the U.S.-Israel war with Iran right on its doorstep.

CNBC's Dan Murphy delves into the Middle East's investment flows and provide insights on the global energy hub and the vast amounts of capital originating from the region on Access Middle East (12:00 – 13:00 SIN/HK). Please note this livestream is only available in Europe and India.