Corporate earnings season in the Gulf is poised to highlight the stark economic divergence caused by the ongoing military conflict with Iran.
Companies across Saudi Arabia, the United Arab Emirates, Qatar, and Oman are preparing to release results that will quantify the unequal toll of the disruption on regional business activity.
The performance of these firms will largely depend on their exposure to the Strait of Hormuz, the critical chokepoint for global energy shipments.
Businesses heavily reliant on uninterrupted maritime transit through the strait have faced significant operational headwinds, while others have benefited from the broader market volatility.
Previous analysis has identified defence contractors, energy majors, and investment banks as the primary beneficiaries of the four-month campaign.
These sectors have recorded soaring profits as the conflict upended global markets and drove up risk premiums.