Business

U.S. Blocks Iraq Dollar Transfers Amid Rising Regional Tensions

US Iraq financial pressure escalated as Washington halted major dollar shipments linked to Iraqi...

Hana Maatouk Reflects on Memory and the Fantastical in Her Art at NYC Solo Show

RIYADH: Saudi-Spanish artist Hana Maatouk has captivated audiences with her surrealist and emotionally charged...

Qatar Boosts Trade Ties with Pakistan Chamber

Qatar continues to strengthen its economic ties with Pakistan through active discussions with the...

Iraq Finds No Evidence Drones Launched From Its Territory

Iraq has found no evidence that drones used in recent attacks against Gulf countries...

Saudi Arabia Lowers Cash Declaration Threshold at Borders

Under updated executive regulations to the Anti-Money Laundering Law, travelers entering or leaving the Kingdom through land, sea and air ports must submit a...

Saudi Acwa Eyes New Green Energy Projects In Morocco

Saudi energy company Acwa Power is exploring new investment opportunities in Morocco as it seeks to expand its presence in renewable energy, seawater desalination...

UAE Opens First Sovereign Retail Sukuk To Investors

The UAE has launched its first Sovereign Retail T-Sukuk programme, offering individual investors direct access to government-backed securities for the first time as part...

Oman Opens Temporary Maritime Corridor In Hormuz

Oman has coordinated with the International Maritime Organization (IMO) to establish a temporary maritime corridor through the Strait of Hormuz, providing vessels with a...

Standard Chartered Reviews Bahrain Retail Unit

Standard Chartered is exploring a potential sale of its wealth and retail banking business in Bahrain as the lender continues to streamline its operations...

Bahrain Receives Bids For 100MW Solar Project

Bahrain has received two bids for the development of the 100-megawatt Bilaj Al Jazayer solar project, marking a further step in the Kingdom’s efforts...

Saudi Industrial Sector Grows With New Licenses

Saudi Arabia’s industrial sector continued its upward trajectory in April, with hundreds of new licenses issued and dozens of factories commencing operations, according to...

Qatar Dukhan Bank Plans $500m AT1 Sukuk Issue

Qatar’s Dukhan Bank has mandated a group of regional and international lenders to arrange a potential $500 million Additional Tier 1 (AT1) sukuk, as...

UAE Hospitality Training Deal Boosts Talent Growth

A leading hospitality education provider and a luxury hotel brand have signed a partnership in the United Arab Emirates aimed at strengthening practical training...

Kuwait And China Expand Cooperation On Sustainability

Kuwait and China have explored ways to strengthen cooperation in sustainability, environmental protection and development, as both countries seek to address shared environmental and...

KFH Bahrain Trains Staff In AI Skills Programme

Kuwait Finance House – Bahrain (KFH-Bahrain) has trained more than 170 employees in artificial intelligence tools and applications as part of its “AI Readiness”...

Kuwait Completes Q8 Fuel Station Rebranding

Kuwait Petroleum Corporation (KPC) has completed the conversion of a number of fuel stations across the country to the Q8 brand, marking a key...

Gold Prices Climb In Baghdad And Erbil Markets

Iraq's gold market recorded higher prices on Monday, with rates rising in both Baghdad and Erbil as demand pushed 21-carat gold closer to 925,000...

HSBC Launches Tokenised Deposits In UAE

HSBC has launched its Tokenised Deposit Service (TDS) in the United Arab Emirates, expanding its digital banking capabilities in one of the region’s key...

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