🚀 Incab Holding has announced the establishment of LLC "Incab Investments" and changes in its shareholding structure. The new entity will manage the share package of the majority shareholder of PJSC "Incab Holding," facilitating reinvestment of received dividends and implementing a motivational program for top management and M&A transactions without the need for additional issuances, utilizing existing shares. Additionally, part of the share package will be transferred to LLC "Incab" to settle accounts receivable.
🚨 OPEC+ anticipates that oil production levels will remain stable through September 2026, according to delegates.
🚫🛢🇸🇦 Saudi Aramco has halted operations at its 400,000 barrels-per-day refinery in Jazan following attacks by Houthi forces.
(Trump says he is having "good" negotiations with Iran)
(Trump says he is having "good" negotiations with Iran)
⚠️🇮🇷🇮🇱 DailyIranNews reports that the Iranian Revolutionary Guard has sent a warning message to Israeli citizens, claiming that the latest U.S. radar system in the region has been destroyed. The message advises Israelis to leave the country, as missiles are expected to be launched soon. Earlier reports indicated that Israeli intelligence believes Iran's Supreme Leader, Mojtaba Khamenei, may soon order an attack on Israel. Iranian analysts suggested that Iran aims to dismantle the Arab defense perimeter around Israel and disrupt its air defense capabilities.
🚨 OPEC+ is likely to halt the increase in oil production after September, extending this pause until the end of 2026, according to sources from RTRS.
💥🇺🇸 Apple launches an Upgrade program in the U.S., allowing customers to rent devices to boost sales. The initiative will be available for most models of iPhone, Mac, iPad, and Apple Watch.
🚨 The United States reported a trade balance for June at -$101.5 billion, slightly worse than the expected -$100.3 billion and an improvement from the previous -$105.89 billion.
⚠️🇺🇸 Bank of America expects the Federal Reserve to keep rates unchanged at its meeting on July 29.
🇺🇸 Visa plans to lay off 7% of its workforce as part of a strategic restructuring. The decision reflects the company's efforts to streamline operations and adapt to changing market conditions. This move is expected to impact various departments and aims to enhance overall efficiency. Further details on the layoffs and the company's future plans are anticipated in the coming weeks.
🚫🛢🇰🇼 The Kuwaiti oil company has halted part of its refinery in Al-Zour, with a capacity of 615,000 barrels per day, due to a power outage. Full recovery of the refinery's operations is expected by August 10.
⚠️ Former President Donald Trump has expressed support for Israel's involvement in military operations against Iran, according to FOX News. Trump stated that the U.S. holds a strong position and that now is the ideal time for Iran to strike a deal, emphasizing that there is no intention to attack bridges or power plants. He warned that if an agreement is not reached, the U.S. will "finish" its work.
🛢🇺🇸 Trump claims that it is not Iran, but the United States that controls the Strait of Hormuz.