The state-run KUNA news agency quoted a statement from the country's royal court saying Sheikh Sabah left "based on advice from the medical team treating His Highness to complete his treatment after a successful surgical procedure."
Deutsche Bank estimates Kuwait's economy will contract by 7.8% this year, the biggest fall among Gulf states.
Given the "strong profitability" of banks in the Gulf Cooperation Council countries, the oil price shock and the coronavirus pandemic are unlikely to deplete their capital base, says Mohamed Damak of S&P Global Ratings.
AI's ability to crunch large amounts of data has allowed governments worldwide to collect information to try and stop the pandemic.
Jan Friederich of Fitch Ratings discusses the economic impact of tumbling oil prices.
Mohamed Damak from S&P Global Ratings goes through the potential ratings impact of the coronavirus on economies in the Gulf.
Saudi Arabia, Abu Dhabi, Dubai and Kuwait indexes were all trading significantly lower following Sunday's market open.
From postponing large-scale events to closing schools, the United Arab Emirates is taking wide-ranging measures in a bid to stop the spread of the coronavirus in the country.
The new troops are ordered to serve as a response to threats throughout the region in the wake of Soleimani's death.
Chinese businesses have quietly scaled back from expanding in the U.S. amid the trade war and some are looking to places like Saudi Arabia, Russia and Japan.
The drones will help with overhead surveillance as British warships escort U.K.-flagged tankers through the Strait of Hormuz, reported Sky News.
RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law, Jared Kushner, at a conference in Bahrain on Tuesday and Wednesday, the blueprint envisions a global investment fund to lift the Palestinian and neighbouring Arab economies and is part of broader efforts to revive the Israeli-Palestininan...
RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law Jared Kushner at a conference in Bahrain on June 25-26, the blueprint envisions a global investment fund to lift the Palestinian and neighboring Arab economies and is part of broader efforts to revive the Israeli-Palestininan peace process.
RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law Jared Kushner at a conference in Bahrain on June 25-26, the blueprint envisions a global investment fund to lift the Palestinian and neighbouring Arab economies and is part of broader efforts to revive the Israeli-Palestininan peace process.
*$50 billion plan to be discussed next week in Bahrain. In Israel, Tzachi Hanegbi, a cabinet member close to Prime Minister Benjamin Netanyahu, called Palestinians' rejection of the $50 billion "peace to prosperity" plan tragic. But the lack of a political solution, which Washington has said would be unveiled later, prompted rejection not only from Palestinians but...
*$50 billion plan to be discussed next week in Bahrain. The $50 billion "peace to prosperity" plan, set to be presented by Trump's son-in-law Jared Kushner at a conference in Bahrain next week, envisions a global investment fund to lift the Palestinian and neighbouring Arab state economies. But the lack of a political solution, which Washington has said would be...
DUBAI, June 20- Gulf OPEC producers will keep their July oil production within their OPEC target despite the current global supply cut pact expiring at end of June, OPEC sources said on Thursday, a signal that the Gulf exporters are reluctant to boost supply. Key OPEC producers Kuwait and the United Arab Emirates are also keeping their output in July within the...
*Strike comes amid rising U.S.- Iran confrontation. BASRA, Iraq, June 19- A rocket hit a site in southern Iraq used by foreign oil companies on Wednesday, including U.S. energy giant ExxonMobil, wounding three people and threatening to further escalate U.S.- Iran tensions in the region. An Iraqi security source said it appeared that Iran- backed groups in southern...
DUBAI, June 18- Kuwait's ruling emir will visit Iraq on Wednesday, state news agency KUNA reported, saying the trip comes amid escalating regional tensions after attacks on tankers near the Strait of Hormuz. Six tankers have been hit in the past month in two attacks near the Strait of Hormuz, through which almost a fifth of the world's oil passes, and Washington and...
DUBAI, June 18- Kuwait's ruler will visit Iraq on Wednesday, state news agency KUNA reported, saying the trip comes amid unprecedented regional tensions after attacks on tankers in the Gulf. Sheikh Sabah al-Ahmad al-Sabah's visit will discuss bi-lateral relations and "comes amid unprecedented tensions and developments witnessed by the region", the agency...
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