National Bank of Kuwait (NBK) celebrated the unveiling of its second Al-Jawhara Millionaire for 2024 during a lavish event held on a luxury yacht near Umm Al-Maradim Island. This event marked the bank’s continued commitment to rewarding its customers thro...

Yousuf Mohamed Al-Jaida, the Chief Executive Officer of Qatar Financial Centre (QFC), has been recognized among Forbes Middle East’s top 100 CEOs for 2024, highlighting his significant contributions to the region’s financial landscape. The honor reflects...

Tensions along the Israel-Lebanon border have sharply escalated after Hezbollah launched a barrage of rockets into northern Israel, following a deadly strike by Israeli forces. The exchange represents one of the most intense clashes between the two sides...

Kuwait has solidified a substantial partnership with Saudi Arabia’s Al Khafji Joint Operations (KJO) by signing a $640 million contract for drilling services. This agreement marks a significant investment in Kuwait’s oil sector, reflecting ongoing efforts...

UAE retailers are increasingly adopting India’s Unified Payments Interface (UPI), marking a significant shift in the region’s payment landscape. This development reflects a broader trend of integrating advanced financial technologies to enhance consumer c...

Negotiations for a ceasefire in Gaza are expected to restart soon as Israel orders another round of evacuations, escalating tensions in the region. The ceasefire discussions, which have already seen multiple delays, are aimed at halting the ongoing violen...

Msheireb Downtown Doha, a project led by Msheireb Properties under the leadership of CEO Ali Al Kuwari, is redefining the urban landscape in Qatar’s capital. This ambitious initiative, which has transformed the heart of Doha, is being hailed as a model fo...

Ayman Soliman has stepped down from his role as CEO of Egypt’s Sovereign Wealth Fund, a position he has held since the fund’s inception in 2018. His departure comes amid expectations of a broader government reshuffle aimed at injecting fresh leadership in...

Lucid Motors has taken a significant step in its expansion strategy by opening a new studio in Jeddah, Saudi Arabia. The move marks the luxury electric vehicle (EV) manufacturer’s continued commitment to tapping into the growing demand for EVs in the Midd...

Saudi Arabia’s insurance sector witnessed significant growth in the first half of 2024, with total earnings climbing 25% year-on-year to reach $585 million. This remarkable increase underscores the sector’s resilience and ability to adapt amid evolving ma...

Saudi Arabia’s construction sector has witnessed remarkable growth in the first quarter of 2024, with the value of awarded contracts reaching a staggering $32 billion. This surge, representing a 79% increase compared to the previous year, reflects the cou...

Saudi Arabia is attracting a growing number of global firms to establish their regional headquarters at the King Abdullah Financial District (KAFD) in Riyadh, allowing them to qualify for lucrative government contracts. The move is part of the Kingdom’s b...

The cost of a Big Mac burger, an iconic symbol of global fast food, demonstrates considerable variation across Arab countries. Analysis of recent data reveals significant differences in pricing, reflecting broader economic conditions and regional market d...

Oil prices are anticipated to stabilize in the $80 range over the coming months, driven by a combination of global supply adjustments and steady demand. This outlook comes amid broader market dynamics influenced by production cuts from OPEC+ and strategic...

Egypt’s stock market experienced a significant upturn on Wednesday, with the indices displaying a bullish trend. The market capitalization concluded the trading day at EGP 2.038 trillion, reflecting strong investor confidence and positive market sentiment...