Kuwait Deposit Extension Supports Egypt’s Financial Stability and Strengthens Bilateral Cooperation

Financial
Kuwait deposit extension plays a key role in supporting Egypt’s external financial stability. The arrangement highlights continued cooperation between Kuwait and Egypt. Kuwait decided to extend its $2 billion deposit placed with the Central Bank of Egypt. The extension adds one more year to the original maturity timeline. The new expiry now shifts to September 2026. The deposit originally reached maturity in September 2025....
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UAE Oil Output Expansion Advances but Export Routes and Infrastructure Shape Growth Pace

The UAE oil output outlook has shifted after the exit from OPEC. The UAE oil output strategy now focuses on growth and flexibility. As a...

UAE Gold Rates Remain Stable as Geopolitical Risks and Dollar Weakness Shape Market Direction

Gold prices UAE opened the week with limited movement across local markets. Traders monitored global developments closely as regional tensions showed signs of easing. On...

UAE Expands National Resilience Planning Amid Rising Regional and Global Challenges

The UAE is strengthening its long-term strategy to face global uncertainty. At the core of this approach lies UAE resilience. Officials highlighted proactive planning...
Financial

Iraq Records Rising Imports and Falling Exports as China Trade Surplus Narrows Sharply

Iraq-China trade became more imbalanced in 2025 as imports increased and export revenues declined. This shift reshaped the overall trade relationship between Iraq and China. Official data from Iraq’s trade authorities showed clear changes in bilateral exchange. Imports from China rose by 7.5 percent during the year. They reached about 17.02 billion dollars compared to 16 billion dollars in 2024. At the same time,...

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Iraq Oil Production Plan Boosts Local Industry

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The Iraq oil production strategy is gaining momentum as the government approves new steps to strengthen domestic oil production. As a result, officials aim to reduce imports and boost local capacity. The Cabinet announced a committee led by...
Bahrain

Bahrain Faces Traffic Chaos After System Outage on King Fahd Causeway

Over the weekend, Bahrain experienced heavy traffic on the King Fahd Causeway due to a system outage. This outage temporarily halted e-government services in...
Financial

Omani Beekeeper Takes Top Honors in Paris

Omani honey once again captured global attention when al Shahri, a renowned beekeeper, won three prestigious awards. The Paris International Honey Competition honored him...
Bahrain

Bahrain Fintech Firm Tanami Unveils SmartMatch Robo-Advisor at Singapore FinTech Festival

Tanami launched its new SmartMatch robo-advisor during the Singapore FinTech Festival, marking a milestone for Bahrain’s expanding fintech ecosystem and its growing role in...
Financial

Wealth Centre in Dubai HSBC Opens Flagship For Affluent Clients

HSBC has launched its first wealth centre in Dubai, marking a significant expansion of its services for affluent clients in the Middle East. The new...
Financial

Kuwait Moves Ramadan Charity Donations Online Under New Rules

Kuwait has introduced stricter rules for charity fundraising during Ramadan 2026, likely starting February 19. The Ministry of Social Affairs now prohibits all cash...
Financial

Iraq Recovers More Than $1.2 Billion in Major Anti-Corruption Push

Iraq’s anti-corruption campaign delivered one of its strongest results yet, as the country’s Integrity Commission said it recovered and protected more than $1.2 billion...
Oil and Gas

TotalEnergies and Aljomaih Secure 400 MW Solar Plant Contract in Saudi Arabia

A consortium of France’s TotalEnergies and Saudi Arabia’s Aljomaih Energy & Water (AEW) has won the contract to develop, build, and operate a 400...
Bahrain

NBB and Bank of London and The Middle East Partner to Expand UK Property Finance for Gulf Investors

NBB BLME UK property finance collaboration marks a major step in expanding cross-border investment services. The National Bank of Bahrain has partnered with Bank...
Financial

Oman Warns Public Against Fake ROP Website Targeting Personal Data

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Oman has warned the public about a fake ROP website pretending to be the official Royal Oman Police platform. The website aims to steal personal and financial information from users. The Royal Oman Police issued the warning on Monday. Authorities...

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