Saudi Arabia Raises $3.25 Billion Through Two-Tranche Sukuk as Strong Investor Demand Supports 2026 Borrowing Plans

Financial
Saudi sukuk attracted strong investor interest as Riyadh raised $3.25 billion through a new two-tranche issuance. The latest transaction highlights Saudi Arabia’s continued access to international debt markets. It also supports the kingdom’s broader financing requirements during a period of increased borrowing. The National Debt Management Center confirmed the completion of the latest issuance. Investor orders reached $16.5 billion during...
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Oman Air Targets Freighter Business Revival Through Airline Partnerships as Muscat Strengthens Regional Logistics Role

Oman Air cargo plans to rebuild its freighter business through partnerships with other airlines. The carrier wants to expand capacity while limiting financial risks...

Iraq Oil Minister Meets BP and ConocoPhillips to Advance Oil and Gas Industry Development and Investment Plans

The Iraq oil sector is exploring new development opportunities through discussions with major international energy companies. Oil Minister Basim Al-Abadi met representatives from BP...

Bahrain All Share Index Falls 1% in August Despite Surge in Trading Activity and Stronger GCC Markets

Bahrain stocks weakened in August as the All Share Index extended its decline for a second month. The benchmark ended the month at 1,936...
Financial

Dubai Mortgages Show Greater Resilience as UAE Banks Adapt to Federal Reserve Rate Changes and Rising Local Property Demand

Dubai mortgages are showing signs of greater independence from Federal Reserve decisions. UAE banks still follow the country’s dollar-linked monetary framework. However, lenders now have greater flexibility when setting mortgage rates for customers. This shift comes as Dubai’s property market attracts residents, investors, and cash buyers. Consequently, local demand now plays a larger role in determining mortgage activity. The...

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Kuwait Real Estate Company Expands in Beverly Hills

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Kuwait’s Action Real Estate Company has made a strategic move by acquiring two boutique hotels in Beverly Hills, USA. This purchase highlights the company’s growing presence in the international real estate market. The company has been actively...
Investment

Marriott International and Blacksand Sign $1.33 Billion Deal to Develop 10 New Hotels Across Saudi Arabia

The agreement includes the development of 10 hotels throughout Saudi Arabia. The companies signed the deal during the Future Hospitality Summit in Riyadh. The...
Financial

Diyala Contractors Face $350M Payment Delays Amid Iraq Budget Hold-Up

Contractors in Diyala province, eastern Iraq, face major financial challenges as government institutions owe nearly 500 billion dinars, approximately $350 million, delaying crucial projects...
Bahrain

Bahrain Economy Contracts as Iran Conflict Disrupts Oil Output and Slows First-Quarter Growth

Bahrain’s economy contracted during the first quarter of 2026 after regional conflict disrupted its oil sector. Official figures showed a sharp decline in overall...
Investment

Green Eco Paw Project in UAE Transforms Stray Animal Welfare with Eco-Friendly Shelters

The Green Eco Paw Project is transforming stray animal welfare in the UAE by creating handmade shelters from recycled materials. Founded by Dutch-Indian expat Chiku Singh,...
Investment

Riyadh Warehouse Sector Booms with Record Occupancy and Rising Industrial Rents

Riyadh warehouse growth surged in the first half of 2025, reaching 98 percent occupancy. Industrial rents also increased sharply. Experts say this highlights the...
Iraq

U.S. Tightens Iran Oil Sanctions Targeting Iraqi Smuggling Networks

The U.S. government has expanded Iran oil sanctions to target several networks accused of smuggling Iranian oil. These sanctions aim to block profits that...
Investment

Water Shortage Solution Sulaimani Launches Mega Project

Authorities signed a $423 million contract to launch a strategic project addressing Sulaimani’s chronic water shortage. Consequently, the project will connect Dukan Lake to...
Investment

UAE Real Estate Push with $1.6 Billion Tower

Dubai continues to raise global attention with bold moves in real estate. The emirate’s skyline now prepares to welcome Burj Azizi, a $1.6 billion...
Financial

Qatar Hamad Airport Flights Resume After Airspace Reopens

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Qatar Hamad Airport flights are resuming normal operations after a brief disruption caused by a temporary airspace closure on June 23, 2025. Hamad International Airport (HIA) in Doha issued a statement confirming that inbound and outbound flights are gradually...

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