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 ...
Russian forces in Syria say Israeli jets attacked research facility – agencies
Russian forces based in Syria on Friday said four Israeli jets had launched a total of four cruise missiles and 16 guided aerial bombs against a research facility in the city ...
Currency tops list of challenges for Egypt’s new central bank governor
Egypt’s new central bank governor, Hassan Abdalla, faces a daunting task as he tries to repair an economy derailed by an overvalued currency, rampant inflation and a banking system ...
Saudi Arabia to invest $1 billion in Pakistan – Saudi state TV
Saudi Arabia plans to invest $1 billion in Pakistan, Saudi state TV reported on Thursday.
Saudi King Salman bin Abdulaziz had given the directive for the kingdom to support the Pakistani ...
Europe’s Wizz Air considering a Saudi operating license
European budget carrier Wizz Air (WIZZ.L) is considering basing an airline in Saudi Arabia as part an agreement signed with the government this year to develop the kingdom’s ...
Greece’s Aegean Airlines in code sharing deal with Emirates
Greece’s largest carrier Aegean Airlines (AGNr.AT) said on Wednesday it had struck a so-called code sharing agreement with Emirates, allowing both companies to offer more destinations to their ...
Egypt directly buys 240,000 tonnes of Russian wheat
Egypt’s state grains buyer directly purchased 240,000 tonnes of Russian wheat on Monday, the supply ministry said in a statement to Reuters, continuing its recent trend of buying without issuing ...
Palestinians welcome Turkey-Israel normalisation, Ankara says
Turkey said on Tuesday that Palestinian authorities, including different political factions, welcome the normalisation of ties between Turkey and Israel and that they want the dialogue to continue.
Last week, ...
Turkey has no preconditions for dialogue with Syria
Turkey does not have preconditions for dialogue with the Syrian government, Turkey’s Foreign Minister Mevlut Cavusoglu said on Tuesday, in a further softening of Ankara’s stance towards Damascus ...
Oil climbs as Saudi Arabia warns of OPEC output cuts
Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil ...
Bank of Israel makes strongest rate hike in 20 years to cool inflation
The Bank of Israel raised its benchmark interest rate on Monday (ILINR=ECI) by three-quarters of a percentage point, its biggest hike in two decades, and appeared on track for ...
Palestinian tourists arrive in Larnaca for first time on direct flight
Palestinian tourists landed on Monday at Larnaca International Airport for the first time on a direct flight from Ramon International Airport in southern Israel, on a flight operated by Israeli ...
No flights under new rules yet for West Bank Palestinians
A group of Palestinian passengers flew to Cyprus from an Israeli airport on Monday, but the flight was not organised under a promised arrangement easing travel restrictions for residents of ...
Wizz Air suspends relaunch of Russia-UAE flights as criticism mounts
European budget carrier Wizz Air (WIZZ.L) has suspended plans to resume flights from the Russian capital of Moscow to Abu Dhabi in the United Arab Emirates, amid mounting criticism ...
Palestinians working in Israel strike over demand for bank accounts
Tens of thousands of Palestinians employed in Israel staged a one-day strike on Sunday in protest at a decision to pay their salaries into bank accounts rather than in cash.
...
Major Gulf markets dip on oil weakness, inflation worries
Most major Gulf stock markets fell on Sunday amid fears of a potential global recession and volatile oil prices, but Egypt continued to rise after its central bank kept its ...
UAE-backed Yemeni forces seize Shabwa energy sites in tussle with rivals
Yemeni forces backed by the United Arab Emirates have seized energy facilities in Shabwa from another faction, prompting the head of the Saudi-backed presidential council on Sunday to order their ...
Israeli spyware company NSO Group CEO steps down
Israeli spyware firm NSO Group said on Sunday its Chief Executive Shalev Hulio is stepping down with immediate effect, with Chief Operating Officer Yaron Shohat appointed to oversee a reorganisation ...