Iraq Power Projects Gain Momentum as Shanghai Electric Accelerates Work in Four Provinces

Financial
Iraq power projects in four central provinces are receiving renewed attention from the Electricity Ministry. Officials are urging Shanghai Electric to speed up construction and meet agreed project deadlines. The review covers combined-cycle power stations in Najaf, Karbala, Diwaniyah and Babil. These projects form part of Iraq’s efforts to strengthen electricity generation capacity. Electricity Minister Ali Saad Wahib met representatives from...
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Saudia Launches Up to 50% Off International Flights with Travel Deals Until December 10, 2026

Saudia flight discounts now offer travelers savings of up to 50 percent on selected international fares. The promotion covers Guest and Business Class journeys...

Dubai Gold Prices Rise Sharply as 24K Gold Moves Above Dh550

Gold prices in Dubai have climbed sharply this month, pushing 24K gold above Dh550 per gram. The latest rise has renewed questions about another...

Iraq Power Projects Gain Momentum as Shanghai Electric Accelerates Work in Four Provinces

Iraq power projects in four central provinces are receiving renewed attention from the Electricity Ministry. Officials are urging Shanghai Electric to speed up construction...
Investment

Gulf Investment Summit Targets $3.5 Billion in Opportunities Across Key Growth Sectors

Gulf investment could reach $3.5 billion through projects presented at the Global Investment Summit in Paris. The event will connect Gulf investors with investment-ready opportunities across several growing industries. The summit will take place in Paris on September 1 and 2. Investors, policymakers, financial institutions and business leaders will attend the two-day gathering. Organisers expect the event to generate potential agreements...

Finacial

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UAE Health Claims Push Insurance to Dh11 Billion

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The UAE insurance sector growth showed strong momentum in the first quarter of 2025. Insurance claims rose 18.3% year-on-year, hitting Dh11 billion. Health insurance alone contributed Dh6 billion, over half of all claims. According to the Central Bank of the...
Bahrain

Bahrain Saudi Joint Business Council Strengthens Investment Cooperation

Bahrain Chamber has reconstituted the Bahraini side of the Bahraini-Saudi Joint Business Council. The move aims to strengthen private-sector participation in economic relations between...
Iraq

Oil Flows Boost Trade and Strengthen Iraq-Turkey-U.S. Business Ties

Oil flows through the northern pipeline could transform regional cooperation and deepen economic partnerships. The restart of exports through the Iraq-Turkey Pipeline (ITP) offers...
Financial

Energy Dubai Leaders Drive Green Economy Growth

Dubai’s Supreme Council of Energy, chaired by Ahmad bin Saeed Al Maktoum, held its 90th meeting to review clean energy and sustainable development strategies....
Financial

Iraq Strengthens Regional Standing With Rising Gold Reserves

The reserves of Iraq gold have continued to grow, placing the country among the leading Arab nations in bullion holdings. Recent data shows that...
Investment

Digital Transformation in Oman Drives Investment and Trade Growth

Oman accelerates economic growth through a broad digital transformation in the Oman initiative. The Ministry of Commerce, Industry, and Investment Promotion leads the effort,...
Investment

Kuwait-UAE Relations Strengthened Through Leadership Meeting

Kuwait-UAE relations continue to deepen as high-level leaders exchange visits and goodwill messages. In a significant show of regional unity, HH the Amir of...
Financial

WEF Postpones Jeddah Meeting Amid Gulf Tensions

The World Economic Forum has postponed a major Saudi meeting, adding fresh pressure to the region’s business event calendar as conflict risks reshape investor...
Investment

Zain Group to Pay 17-Fils Dividend After Revenue and Profit Growth in First Half of 2026

Zain Group plans to pay an interim dividend after reporting stronger revenue and profits during the first half of 2026. The Kuwaiti telecommunications company...
Financial

Qatari Bank Growth Boosted by Diversification and LNG Expansion

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Qatari banks will accelerate growth as the country’s diversification plans and LNG expansion boost credit demand. Analysts highlighted that rising activity in tourism, sports, and business exhibitions will drive lending opportunities in 2025 and 2026. According to Moody’s Ratings, non-hydrocarbon...

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