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UAE Raises US Treasury Holdings by $6 Billion to $116.1 Billion in August

The UAE increased its holdings of US Treasury securities to $116.1 billion at the end of August from $110.1 billion in July, while Saudi Arabia trimmed its position to $141.2 billion, US Treasury data showed.

Oman’s Foreign Direct Investment Rises 6.4% to RO32.2 Billion at End of Second Quarter

Foreign direct investment in Oman rose 6.4% to RO32.21 billion at the end of June 2026, with oil and gas extraction taking the largest share, preliminary official data showed.

Air India and Air India Express Extend Saudi Flight Suspension to October 24

Air India and Air India Express have suspended flights to and from Jeddah, Riyadh and Dammam until October 24, extending cancellations as Houthi attacks on Saudi Arabia continue.

Foreign Investment in Kuwait’s Listed Banks Falls 12.5% to KD4.5 Billion, Al-Shall Says

Foreign investment in Kuwait's listed banks fell 12.5% to about 4.535 billion dinars ($13.967 billion) at the end of September 2026, Al-Shall said in its weekly report on October 17.

Iraq Requests IMF Loan Program as Georgieva Pledges Money and Policy Support

Iraq has requested a lending program from the International Monetary Fund, and the fund intends to support Baghdad "very firmly," Managing Director Kristalina Georgieva said on October 17.

Sharjah Islamic Bank Ready to Join Pakistan Sukuk as Finance Minister Meets Three UAE Lenders

Sharjah Islamic Bank is ready to take part in a planned Pakistani sukuk issuance, Pakistan's Finance Division said on October 17 after Finance Minister Muhammad Aurangzeb met the bank, ADCB and Ajman Bank in Bangkok.

Second Tanker Attacked Off Saudi Arabia’s Jubail as Iran’s Guards Say Supertanker Hit Mine in Hormuz

A tanker was attacked with a rocket-propelled grenade from a small boat 78 nautical miles northeast of Saudi Arabia's Al Jubail on October 16, UKMTO said, the second tanker attack reported in the area that day.

China’s Hudong-Zhonghua Delivers LNG Carrier Al Fanar for QatarEnergy’s North Field Expansion

China's Hudong-Zhonghua Shipbuilding delivered the 174,000 cubic meter LNG carrier Al Fanar for QatarEnergy on October 16, the yard's 11th LNG carrier built for the Qatari company.

Tanker Hit by Projectile Off Saudi Arabia’s Jubail as Hormuz Traffic Stays 70% Below Prewar Levels

A tanker was struck by an unknown projectile about 68 nautical miles northeast of Al Jubail on Saudi Arabia's Gulf coast on Friday, October...

UK and Australia Tighten Saudi Travel Warnings as Riyadh Airport Stays Closed

Britain now advises against all but essential travel to Saudi Arabia, and Australia has moved to "do not travel," as King Khalid International Airport in Riyadh remains closed after repeated Houthi attacks.

Dubai’s NOHM Hospitality Takes Controlling Stake in Cannes Nightlife Brand Baoli

NOHM Hospitality, the food and beverage arm of DIFC-based Downtown Ventures, has acquired a controlling stake in Cannes restaurant and nightlife brand Baoli, turning its Dubai franchisee into the brand's owner.

Ali Alhosani Becomes First Emirati Elected Executive Director at the IMF

Ali Alhosani has been elected an executive director of the International Monetary Fund, the first Emirati to hold the role, and will represent the Arab Group and the Maldives on the fund's Executive Board.
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