Section
Business
Biz Briefs: Fed report cites 'stepped-up' inflation; SK Hynix shares jump
The Federal Reserve reported to Congress that inflation in the United States has accelerated in spring 2026 due to tariffs, rising energy costs linked to…
flyadeal announces new routes for holiday season
flyadeal has introduced its summer 2026 flight schedule with new seasonal routes to Milan and Prague, marking the airline’s first services to Italy and the…
NBK launches ‘NBK Grow’ program to foster development of promising technical talents
The National Bank of Kuwait has introduced “NBK Grow,” an 18-month mentorship program designed to develop technical talent and prepare future leaders in technology and…
Gulf Bank appoints Al-Adsani as Deputy CEO, Al-Gharabally as GM of Corporate and International Banking
Gulf Bank has appointed Faisal Al-Adsani as Deputy CEO and Faisal Al-Gharabally as General Manager of Corporate and International Banking, effective July 9, 2026. These…
New e-commerce regulations boost transparency in Kuwait
Kuwait’s Ministry of Commerce and Industry has introduced new regulations to increase transparency and set clear standards for e-commerce platforms, including rules on commissions, delivery…
China approves Shein’s Hong Kong listing bid
China's securities regulator has approved Shein's application for an IPO on the Hong Kong stock exchange, allowing the fashion e-commerce giant to offer up to…
Deal offers $2tn clue to America’s global trade strategy
Negotiations to renew the US-Mexico-Canada Agreement have stalled past the July 1 deadline due to U.S. demands for stricter trade and security measures, with Mexico…
SK Hynix CEO Warns of Worst Memory Supply Crunch in 2027
SK Hynix CEO Kwak Noh-jung warned that the global memory chip industry will face its most severe supply shortage in 2027, with demand expected to…
India seeks to quell fears over ethanol blended petrol
India is addressing motorist concerns about the use of E20 ethanol-blended petrol amid fears of engine damage and increased maintenance costs. Despite ongoing public debate,…
Global capital keeps voting for the Gulf; here’s why
A multinational survey found that 82 percent of international investors, particularly from China, the U.S., and the U.K., are optimistic about the Gulf region’s economic…
Apple Sues OpenAI for Stealing Trade Secrets
Apple has sued OpenAI, accusing the AI company of stealing trade secrets and recruiting Apple employees to gain confidential information for developing its own hardware…
How AI is rapidly reshaping Saudi Arabia’s financial services sector
Saudi Arabia’s financial sector is rapidly integrating artificial intelligence to improve personalized services, operational efficiency, and access to banking and wealth management, with the AI…
MENA investment rises 190% to $148.2m in June
Startups in the MENA region raised $148.2 million across 41 deals in June, a 190% increase year-over-year despite a 76% funding drop from May due…
Russia Hopes to Start Commercial Logistics Hub at Syrian Port of Tartous
Russia plans to open a commercial logistics hub at its naval base in Tartous, Syria, by mid-July while maintaining a military presence at an adjacent…
US eases export controls on UAE
The United States has relaxed export controls on the United Arab Emirates, allowing the sale of advanced AI chips, military equipment, and dual-use technologies without…
Russia’s move to ban diesel export deepens global supply crunch
Russia’s recent ban on diesel exports has further tightened global fuel supplies, causing sharp price increases and challenging key sectors like agriculture and power generation.…
Al-Tijari announces winner of KD 500,000 in semi-annual Al-Najma Account draw
The Commercial Bank of Kuwait conducted its semi-annual Al-Najma account prize draw, awarding KD 500,000 to winner Arshad Hussain Sabir Hussain during an event at…
Economic uncertainty looms over quake zone in Venezuela
Two powerful earthquakes struck La Guaira, Venezuela, causing over 4,000 deaths, widespread destruction, and nearly $37 billion in economic losses. Recovery efforts hinge on effective…
Saudi entrepreneur, influencer Reem Alswaidi begins exciting new chapter in Doha
Saudi entrepreneur and luxury influencer Reem Alswaidi has relocated to Doha to focus on driving creative collaborations and supporting brands across the Gulf region. Her…
Ukraine eyes Qatar agri investment
Ukraine is seeking to broaden its agricultural partnership with Qatar by attracting investments in food processing, logistics, and joint ventures alongside commodity supply. This collaboration…
Qatar takes part in meeting of experts on consumer protection
Qatar took part in the 9th session of the Intergovernmental Group of Experts on Consumer Protection Law and Policy, held by UNCTAD in Geneva from…
Hamptons Acquire a Taste for Chicken Nuggets
Chicken tenders have surged in popularity across the Hamptons, appearing on menus from luxury restaurants to private chef events with gourmet upgrades like caviar and…
How an American Took to Forging Knives in Australia
American-born craftsman Bud Heyser has established a custom knife-making workshop called 13 Knives in Melbourne, where he blends traditional family metalworking skills with modern techniques.…
How Can I Grab a Big Tax Break Should I Decide to Sell My Home?
Homeowners with multiple properties must clearly establish and document their primary residence to qualify for capital gains tax exclusions when selling a home. This is…
4 Billion Containers of Berries Driscoll’s Ships Annually
Driscoll’s, a family-owned California company, ships around four billion containers of berries globally each year and has transformed berries from a seasonal treat into a…
Is SpaceX a World-Class Investment or Junk?
SpaceX completed the largest global initial public offering, valuing the company at around $2 trillion and attracting strong equity investor interest despite skepticism in its…
Children Turn Out to Be the New Investor Class
Children as young as seven are actively engaging in investment discussions through platforms like Acorns Early, reflecting a wider trend supported by new government-backed "Trump…
Data Center Divide: ‘False Fruits of Wealth’ or ‘Build, Baby, Build’
The Caddo Nation of Oklahoma and other tribal communities are debating the rapid growth of data centers on their lands as a potential economic lifeline…
A.I.’s Market Dominance Comes With a Warning
Stocks and bonds experienced significant gains in the second quarter of 2024, fueled largely by investor enthusiasm for artificial intelligence and its growing impact on…
Apollo Leads EasyJet Takeover Bid Amid Operational Success and Challenges
Apollo has become the leading bidder to acquire easyJet with a proposed offer of £7.15 per share, facing a potential counteroffer from Castlelake before the…