Lebanon central bank stops providing dollars for gasoline imports
Lebanon’s central bank said it has entirely ceased providing dollars for gasoline imports in a move that will likely lead to higher and more volatile prices as well as ...
Iran says ready for nuclear cooperation but threatens it can hit Israeli cities with drones
Iran said on Monday it was ready to continue cooperating with U.N. nuclear watchdog while revealing a drone capable of hitting major cities in Israel, which has threatened to ...
Israel’s El Al Airlines agrees to repay state’s COVID loan by year end
El Al Israel Airlines (ELAL.TA) plans to repay a $45 million loan that it took from the government during the COVID-19 pandemic by the end of the year, under a ...
UAE H1 tourism revenues top $5 bln – vice president
The United Arab Emirates’ tourism revenues were 19 billion dirhams ($5.17 billion) in the first half of 2022, its vice president said on Sunday in a tweet.
Numbers of hotel guests rose 42 per ...
Saudi GDP up 12.2 per cent in second quarter, exceeding initial estimate
Saudi Arabia’s real gross domestic product expanded by 12.2 per cent in the second quarter compared with the same period of 2021, data showed on Wednesday, as the world’s top ...
Gulf states demand Netflix pull content deemed offensive
Gulf Arab states have demanded that U.S. streaming giant Netflix NFLX.O remove content deemed offensive to “Islamic and societal values” in the region, Saudi Arabia’s media regulator ...
Iran sentences two women to death for ‘corruption on earth’
Two women have been sentenced to death in Iran on charges of “corruption on earth” and human trafficking over the last few days, Iran’s official IRNA news agency reported ...
Credit Suisse expands in Qatar, launches tech hub
Credit Suisse (CSGN.S) will expand in Qatar via a partnership with the Gulf country’s Investment Promotion Agency (IPA Qatar), the Swiss bank said on Monday.
It will create ...
OPEC+ agrees small oil production cut
OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have slid on fears of an economic slowdown.
The oil producers ...
Israel: Al Jazeera reporter was likely killed unintentionally by its forces
Israeli investigations into the killing of Al Jazeera journalist Shireen Abu Akleh in May concluded that she was likely to have been unintentionally shot by an Israeli soldier but was ...
Palestinians fire on bus with Israeli troops in West Bank, 6 hurt
Palestinians fired on an Israeli bus on a desert highway in the occupied West Bank on Sunday, Israeli military authorities and medics said, wounding five soldiers and the driver in ...
Turkish warship docks in Israel as bilateral ties warm
A Turkish warship has docked in Israel for the first such visit in more than a decade as relations between the U.S. allies improve following fierce feuding over the ...
Hamas authorities execute five Palestinians in Gaza
Gaza’s ruling Hamas Islamists executed five Palestinians on Sunday, two of them on charges of espionage for Israel that dated back to 2015 and 2009, the Interior Ministry said.
The dawn ...
Lebanon banking secrecy law retains key problems – IMF
The International Monetary Fund told the Lebanese state on Thursday its banking secrecy law has not resolved “key deficiencies,” urging officials to make new changes to their first attempt at ...
Oil firms seek US mediation to defuse Iraq-Kurdistan tensions
Oil firms operating in Kurdistan have asked the United States to help defuse an upsurge in tension between Iraq’s central government and the semi-autonomous region, according to a letter ...
Dubai’s Emirates to resume Lagos flights after Nigeria releases funds
Emirates will resume some flights to Nigeria this month after the Central Bank of Nigeria released a portion of funds the Dubai airline had earned in the country but had ...
Two Palestinians dead in West Bank clashes with Israeli forces
Two Palestinians were killed in separate clashes with the Israeli military in the occupied West Bank on Thursday, the Palestinian health ministry said.
A 25-year-old man from the al-Ein refugee ...
Qatar central bank issues first license for digital payments
Qatar’s central bank has issued its first license for digital payments services to iPay by Vodafone Qatar and Ooredoo Money, it said in a tweet on Tuesday.
U.S. will never allow Iran to acquire a nuclear weapon, Biden tells Israel’s Lapid
President Joe Biden told Israeli Prime Minister Yair Lapid on Wednesday the United States will never allow Iran to acquire a nuclear weapon, the White House said, as Tehran seeks ...
Lebanon president, amid financial meltdown, returns amended bank secrecy law to parliament
Lebanon’s president on Wednesday returned to parliament an amended banking secrecy law that lawmakers passed around a month ago, saying it needed further tweaks to strengthen it.
Parliament’s ...
Fintech firm Wise fined $360,000 by Abu Dhabi regulator
The regulator of Abu Dhabi’s free zone financial centre said on Tuesday it had fined the local subsidiary of fintech firm Wise $360,000 for breaching anti-money laundering (AML) requirements.
Abu ...
Gulf stocks fall on tight monetary policy outlook
Major Gulf stock markets ended lower on Sunday as investors in the region reacted to comments by Federal Reserve Chair Jerome Powell signalling the US economy would need tight monetary ...
Power cuts melt Gaza’s ice cream stocks as heatwave boosts demand
By Nidal al-Mughrabi
Lengthy power cuts in the Gaza Strip have melted stocks of ice cream, forcing shops to stop selling it just when a heatwave has boosted demand.
With ...
Libya’s Tripoli quiet after worst fighting in two years
Libya’s capital was quiet early on Sunday, a day after the worst fighting there for two years killed 32 people and injured 159 as forces aligned with a parliament-backed administration failed ...