| Mobile Web

Search results for Gulf region

Crypto

IEA cuts oil supply outlook again; could it shake bitcoin rate-cut hopes

The International Energy Agency cut its 2026 oil supply outlook again and pushed back the timing for a full recovery of supply in the Gulf region to 2027. The agency also lowered its demand outlook and estimated a steep draw in confirmed global oil inventories. The shifts add uncertainty for bitcoin investors focused on inflation and the path of U.S. interest rates, while U.S. inflation expectations have risen in a University of Michigan survey.

Crypto

Bitcoin Suisse secures Abu Dhabi licence, targets UAE institutions

Financial firm Bitcoin Suisse has obtained a financial services permit from Abu Dhabi Global Market, allowing it to offer regulated digital asset services in the United Arab Emirates. The licence was granted to group subsidiary BTCS Middle East, enabling it to serve institutional and professional investors. The approval follows a multi-stage process with the Financial Services Regulatory Authority. The company said it will provide custody, trading and exposure management services and may support access to tokenised real-world assets.

Industry

Tesla\'s Q2 results buoyed by Model Y, oil prices and incentives

Tesla delivered 480,126 vehicles in the second quarter of 2026, up 25 percent from a year earlier, ending a two-year decline in quarterly deliveries. The total beat market expectations and exceeded even the most optimistic forecasts. Deliveries outpaced production as the company drew down inventory, while energy storage deployments rose to 13.5 GWh. The article cites higher oil prices linked to the Iran war, easier year-on-year comparisons, and large U.S. incentives as key factors.