The Latest Breaking News from Gulf

With passage of the Inflation Reduction Act, which contains US$370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power.

Global rating agency Fitch Ratings upgraded the long-term foreign currency issuer default rating on Oman to BB from BB-. The outlook on Oman is stable, Fitch said on Monday. The agency said the upgrade "reflects significant improvements in Oman's fiscal metrics, a lessening of external financing pressures and ongoing efforts…

HMS Lancaster, which was launched by the Queen in 1990, left Portsmouth Naval Base for the long-term deployment.

As thousands of Afghans crowded outside Kabul airport a year ago desperately trying to escape the Taliban, Massouda Kohistani managed to fight her way on to a foreign military flight bound for the Gulf and ended up in Spain.

The head of the National Committee for Food Supply in the Federation of Saudi Chambers said Indian rice producers have conveyed a message of reassurance that Basmati rice - the most sought-after variety in the region – would not be affected by drought and lack of rainfall, currently affecting India…

Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, launched on Monday the trial operation of the passengers’ section at the new Salwa crossing, which links Saudi Arabia with Qatar. He noted that the crossing would primarily contribute to enhancing vehicle and passenger traffic, in addition to promoting…

Chiefly driven by surge in summer vacation travel of Gulf expatriates

The Omani government posted a budget surplus of 784 million rials ($2.04 billion) at the end of the first half of 2022, Oman's state news agency reported on Sunday. The Gulf Arab state's oil revenues increased to 3.187 billion rials by the end of first half, the report added. Public…

Kuwait’s Agility, (AGLT.KW) one of the largest Gulf logistics companies, said on Sunday it had signed a new credit facility of 1.4 billion euros. The transaction is part of a financing round that is expected to total about $3.2 billion, it said.

The United Arab Emirates is seeking to play an “effective” role to advance negotiations on the Grand Ethiopian Renaissance Dam (GERD). It is also aiming to resolve the 11-year conflict by relying on its political rapprochement with parties to the case, namely Egypt, Ethiopia and Sudan. An informed source said…

Kuwait formally dissolved parliament in a decree issued on Tuesday, state news agency KUNA said, as the Gulf Arab state's crown prince moved to resolve a standoff between the government and elected parliament that has hindered fiscal reform. Last month Crown Prince Sheikh Meshal al-Ahmad al-Sabah, who took over most…