05 August 2026. Oil Boom for Aramco

Saudi Aramco reported a 33 per cent jump in quarterly profit after oil prices surged above $100 a barrel during the disruption in the Strait of Hormuz. Amena Bakr, Head of Middle East Research at Kpler, unpacks the numbers and tells us what drove the rise in earnings, what it means for energy markets, the Gulf economy and consumers, and whether the market is returning to normal. Meanwhile, ADNOC Distribution posted record first-half earnings as fuel demand remained strong across the region. CFO Ali Siddiqi joins the Business Breakfast to discuss what is driving the company’s next phase of growth beyond fuel. Plus, we examine how UAE recruitment trends shifted in the first half of 2026, with data pointing to cautious hiring among employers and growing candidate frustration over recruitment ghosting. Luke Collins, Managing Director of Collins Search, joins us to launch Matchly, a new AI-powered job platform designed to promote fair hiring and tackle ghosting. And finally, while many restaurants slow down during summer, Chef Sperxos turns his attention to private dining, luxury events and high-end clients. The Business Breakfast Summer Strategy series continues, looking at how Dubai businesses adapt during the traditionally quieter months and why summer can be one of the smartest times to grow. This time, we explore the business of summer dining with Chef Sperxos.See omnystudio.com/listener for privacy information.