UAE. Commodity markets spent the week trying to recover from their dismal performances during May. Gold jumped the most in years only to tumble the most in two months after the Fed chairman in a testimony in Washington refrained from outlining any additional measures.
INTERNATIONAL. Oman's plan to build a US$1 billion natural-gas pipeline from Iran is the latest sign that Saudi Arabia is failing to bind its smaller Gulf neighbours into a tighter bloc united in hostility to the Islamic Republic.