UPDATE: Gulf companies are expected to report mixed Q2 earnings as the Iran war weighed on banks, real estate, tourism, and aviation, while energy firms and telecoms proved more resilient amid higher oil prices.

What happened

UPDATE: Gulf companies are expected to report mixed Q2 earnings as the Iran war weighed on banks, real estate, tourism, and aviation, while energy firms and telecoms proved more resilient amid higher oil prices.

Confirmed

Global impact / market context

The uneven earnings outlook signals that war‑related risks may pressure sectors reliant on consumer spending and credit, while oil‑linked businesses could attract investors seeking stability, shaping regional portfolio allocations.

Analyst inference

Gulf companies are expected to post mixed second‑quarter earnings because the ongoing Iran war is hurting banks, real estate, tourism and aviation, while higher oil prices are helping energy firms and telecoms.

Confirmed

What to watch

1. Monitor bank earnings reports for signs of rising non‑performing loans, which would indicate credit stress from the conflict and could tighten financing for other Gulf firms. Proposed
2. Watch oil price trends and energy company margins, as sustained high prices may boost earnings and draw capital into the sector, offsetting weakness elsewhere. Proposed
3. Track tourism and aviation traffic data, because a decline could pressure related stocks and reduce overall regional growth expectations. Proposed

Evidence

• x.com