Geopolitics & Markets: Fresh US-Iran strikes near the Strait of Hormuz are back in focus, lifting oil prices and adding a geopolitical risk premium as investors weigh inflation and supply disruption fears. GCC Credit Watch: S&P says GCC issuer credit profiles remain resilient even as the Iran conflict stretches past 100 days, with limited negative actions so far and buffers supporting banks and sovereigns. Egypt Inflation: Egypt’s annual headline inflation eased to 13% in May, driven mainly by food and higher services costs, while monthly CPI rose 1.4%. Egypt FX/Reserves: Egypt reported foreign reserves hitting a record $53.1bn in May, while the Egyptian Exchange delayed CIB and TMG futures contracts to June 21. Egypt Housing/Real Estate: ElRaay Developments launched its River Park residential project in Obour City, targeting about $58m investment and phased delivery over two to four years. ADGM & Alternatives: Blue Owl Capital opened an ADGM office to build its Middle East institutional footprint. Financing Caution (Nigeria): The IMF warned Nigeria against a proposed $5bn First Abu Dhabi Bank borrowing via a Total Return Swap, calling it opaque and risky. Sukuk/Capital Markets: Arab Energy Fund priced a $500m 5-year sukuk with demand topping $900m. AI Mobility: HUMAIN and NVIDIA will bring a robotaxi-ready DRIVE Hyperion platform ecosystem to Saudi Arabia, backed by major compute infrastructure plans. Corporate Lending (MENA): Alinma Bank launched a Future Bankers Program with Kaplan Professional MENA in Riyadh.