Business
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GCC forecasts $542.1 billion in spending for 2025, with $54.3 billion deficit
The Gulf Statistical Center announced that the Gulf Cooperation Council’s estimated budget expenditure for 2025 has reached $542.1 billion, while…
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Saudi market rebounds with $15.2 billion surge, offsetting Gulf losses amid geopolitical tensions
The Saudi stock market staged a strong recovery on Sunday, gaining $15.2 billion in capitalization and reversing the heavy losses…
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CBK tightens oversight on e-payment systems to strengthen governance, mitigate risk
The Central Bank of Kuwait (CBK) has issued a new directive reinforcing strict controls on the use of the electronic…
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Geopolitical turbulence in region disrupts oil markets, but long-term impact expected to be limited
Standard & Poor’s has warned that the recent Israeli strikes on Iran may pose a risk to global oil prices…
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Will Boursa halt trading amid regional tensions? A look at regulatory scenarios and investor sensitivity
Since the escalation of military tensions between Iran and Israel on Friday, one of the most pressing questions circulating in…
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OPEC, Ensuring Energy Stability
PUBLISHED IN COOPERATION WITH Kuwait’s active participation in OPEC’s key decisions and negotiations since 1960 and new developments like the…
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Kuwait accelerates China-backed development projects under Prime Minister’s directives
Prime Minister His Highness Sheikh Ahmed Al-Abdullah Al-Sabah has issued firm directives to ensure that no obstacles stand in the…
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Oil markets rattled as Israel-Iran conflict escalates, threatening global energy supply
Israel’s military strike on Iranian nuclear and missile facilities has sent shockwaves through global oil markets, igniting fears of a…
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Airlines reroute, cancel flights amid escalating Middle East conflict
Air traffic over Israel, Iran, Iraq, and Jordan ground to a halt on Friday after Israel launched coordinated airstrikes on…
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Oil prices surge over 12% following Israeli strikes on Iran
Global oil prices soared sharply on Friday, with both West Texas Intermediate (WTI) and Brent crude rising more than 12%,…
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