Business

Gem Soft to Showcase Secure Enterprise Communication Platform at Web Summit Qatar

Doha, Qatar – February 23, 2025: Qatari technology firm Gem Soft (AST LLC) is set to unveil its flagship enterprise communication platform, Gem Team, at Web Summit...

Belarus Eyes Oman’s Port Infrastructure to Boost Regional Trade and African Market Access

Belarusian President Alexandr Lukashenko has confirmed his country's strong interest in expanding Belarus-Oman trade cooperation, with a focus on port infrastructure.He shared this vision during a...

Iraq Earns $6.9 Billion from Oil Exports in September Amid Ongoing Energy Developments

Iraq earned an estimated $6.9 billion from oil exports in September, highlighting the country’s...

KIA Chief Warns Private Equity Must Return Capital: “Time Is Running Out”

The head of one of the world’s largest sovereign wealth funds has delivered a...

Regional Security and Stability at Heart of UAE-Qatar Dialogue

President Sheikh Mohamed of the United Arab Emirates and Sheikh Tamim, Emir of Qatar,...

Qatar Reaffirms Support for UNRWA and Humanitarian Efforts in Gaza and Syria

Qatar has confirmed its ongoing commitment to providing humanitarian support for Palestinians in Gaza...

Kuwait Debt Relief Campaign Raises KD 11.4 Million in Two Days

Kuwait’s Justice Ministry has raised KD 11.492 million (around USD 37.5 million) through its debt relief campaign by 10 a.m. on the second day....

Qatar Airways to Operate Limited Flights Amid Airspace Closure

Qatar Airways announces limited flights to and from Doha from March 18 to 28, prioritizing passenger safety and continuity of services. The airline confirmed that...

Drone Strikes Target Majnoon Oil Field, Raising Iraq Energy Security Concerns

The Majnoon oil field faced two drone strikes on Monday, raising concerns over Iraq’s energy security. The Majnoon oil field remains a strategic hub...

ADIA Expands Private Credit Footprint with Dignari Capital Partnership

ADIA private credit investment expands as Abu Dhabi Investment Authority invests in Dignari Capital Partners. The move targets private credit opportunities linked to real...

Alba AGM Approves $202.6M Dividend and Strategic Expansion

Alba AGM dividend approval marks a significant milestone for Bahrain’s leading aluminium producer. Shareholders approved cash dividends of Fils 54.06 per share, totaling BD76.5...

IndiGo Imposes Fuel Surcharge on Oman–India Flights Amid Rising Jet Fuel Costs

Oman India flights are becoming costlier as IndiGo implements a fuel surcharge on domestic and international routes. The airline introduced this charge effective March...

Iraq Stock Exchange Sees Mixed Trading in February Amid Investor Caution

Iraq Stock Exchange trading activity showed mixed results in February as investors remained cautious due to ongoing regional uncertainties. The Iraq Stock Exchange (ISX)...

Kuwait Implements Anti-Money Laundering and Terror Funding Measures

Kuwait anti-money laundering efforts received a significant boost as the Ministry of Commerce and Industry issued Decision No. 25 of 2026. The decision sets...

S&P Affirms Saudi Arabia’s A+ Credit Rating with Stable Outlook

S&P Global has affirmed Saudi Arabia’s credit rating at A+ with a stable outlook. The decision highlights the Kingdom’s robust economic policies and resilience...

Saudi Red Sea Plans $74.6M Rights Issue to Fund Expansion Projects

Saudi Red Sea International Company has proposed a capital increase of 280 million riyals ($74.6 million) through a rights issue. The plan represents 58%...

Saudi Arabia Oil Output Cuts Shake Global Markets

Saudi Arabia oil output cut by 2 million barrels per day amid the Iran conflict has stunned global markets. Sources report the kingdom now...

Oman’s Charter Aviation Sector Boosts Tourism Revenue to OMR30 Million

Oman’s charter aviation sector generated over OMR30 million during the 2025 tourist season, strengthening the country’s tourism economy. The sector contributed significantly to accommodation,...

Deadly Airstrikes Rock Baghdad Amid Rising Tensions

A powerful predawn airstrike killed a member of the Popular Mobilization Forces in Baghdad on Saturday. This fatal attack represents a major escalation in...

U.S. Embassy Issues Urgent Warning for Americans in Iraq

The United States Embassy in Baghdad issued an urgent security alert on Saturday, instructing all American citizens to depart Iraq immediately. This significant warning...

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