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The Kuwait Investment Authority has ordered a temporary halt to the creation of new companies and the listing of companies on the country’s stock market, citing the prevailing strained economic environment, reports say. Official sources, Arab News notes, told Al-Anba, Read more
The renewed Iraqi parliament held Sunday its first session in the capital Baghdad, almost three months after legislative polls. The parliament, Anadolu news agency reported citing Iraqi state-run news agency INA, is due to elect a speaker and two deputies Read more
The board of director of Dubai Chambers adopted Thursday a new three-year (2022-2024) with focus on four priorities planning improving the business environment in Dubai, attracting foreign investments and international companies to the emirate, supporting member companies with global expansion Read more
The Kuwaiti Sovereign Fund also known as the Kuwait Investment Authority (KIA), has remained world’s third largest sovereign funds with assets on the increase, about $45 billion, reports say. The new ranking by The International Institute for Global Sovereign Funds Read more
Turkey’s long-awaited 5th generation fighter jet also known as The National Combat Aircraft (MMU) will make its first flight in 2025, President Recep Tayyip Erdoğan announced Thursday, Daily Sabah reports. The first home-made fighter jet, according to Erdoğan , will Read more
The Iraqi government has given its approval for the Iraqi National Oil Company to acquire Exxon Mobil Corp’s stake in the giant West Qurna 1 oilfield, Oil Minister Ihsan Abdul Jabbar announced Wednesday, Zawya reports. Located in Southern Iraq, West Read more
Saudi Railway Company, also known as SAR, has agreed with ride-hailing platform Careem to offer passengers additional transportation services after they arrive at its stations, reports say. The joint venture aims to make it easier and for passengers to travel Read more
OPEC has appointed Kuwait’s oil veteran Haitham al-Ghais as its new Secretary general, as the bloc and its allies are hoping that a volatile oil market will be tamed enough to allow a return to pre-pandemic production levels. Ghais, forme Read more
The U.S and European Union Tuesday warned the Sudanese military against the appointment of one its own as Prime Minister as civil Premier Abdallah Hamdok resigned amid protests against the junta, reports say. US, Britain and Norway and the EU Read more
Qatar Electricity and Water Company (QEWC), the public utility company of Gulf country, announced Wednesday its subsidiary signed an agreement to acquire 40% stake in energy investment company Nebras Power for $530 million, Reuters reports. Raslaffan Operating Company made the Read more