Business
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World Bank raises 2025 growth outlook for Middle East to 2.8%
The World Bank has raised its 2025 growth forecast for the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region…
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Gold and bitcoin soar as investors seek safe havens amid economic and geopolitical uncertainty
Gold and bitcoin have surged to record levels in recent days, driven by a mix of economic uncertainty, geopolitical tensions,…
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BlackRock among firms nominated to oversee Kuwait’s Entertainment City project
Following the completion of procedures paving the way for the implementation of the Entertainment City project, Kuwait is preparing to…
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CMA highlights Kuwait’s ongoing efforts to strengthen economic and financial infrastructure
The Capital Markets Authority (CMA) reaffirmed that Kuwait continues to make significant efforts to enhance its economic and financial infrastructure,…
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Philip Morris International named in the Top 5 of Forbes’ 2025 Net Zero Leaders list
Philip Morris International (PMI) has been recognized among Forbes’ top Net Zero Leaders for 20251 for the third consecutive year,…
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PMI slips to 52.2; Kuwait’s non-oil growth weakest in a year, confidence improves
The latest S&P Global Kuwait Purchasing Managers’ Survey (PMS) showed that Kuwait’s non-oil private sector continued to expand in September,…
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Kuwait’s development spending in Q1 2025–2026 hits five-year high
Government spending on development projects by the end of the first quarter of the 2025–2026 annual development plan reached its…
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Iran gives nod for currency overhaul
Iran’s Shura Council on Sunday approved a bill to remove four zeros from the national currency, the rial, which has…
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Kuwait’s banking sector posts profit growth in first half of 2025
Al-Shall reported that the Kuwaiti banking sector, comprising nine banks, achieved growth in net profits during the first half of…
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Bitcoin surges to new all-time high above $125,000
Bitcoin, the world’s largest cryptocurrency by market capitalization, surged to a new all-time high on Sunday, climbing 2.68 percent to…
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