Author: Steven Sahiounie

The issuance is valid for three months with Rate of Return 4.375% KUWAIT – The Central Bank of Kuwait (CBK) has announced the issuance of Bonds and related Tawarruq at a total value of KWD240 million (US$792 million). The Kuwait News Agency (KUNA) quoted the central bank as saying that the issuance is valid for three months with Rate of Return 4.375 percent. Source: Zawya

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Dubai’s benchmark index rose for a fourth consecutive session and ended 0.1% higher, lifted by gains in real estate, consumer discretionary and finance sectors Most stock markets in the Gulf rose on Tuesday, led by the Saudi index, as the expectation for higher oil demand in China and the U.S. boosted crude prices amid rising geopolitical tensions in the Middle East and Russia. Saudi Arabia’s benchmark stock index was up for a second straight session and advanced 0.4%, supported by gains in finance, healthcare, materials and utilities sectors with Rajhi Bank, the world’s largest Islamic lender, gaining 0.9%, and ACWA…

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Steven Sahiounie, journalist and political commentator When Israel struck and destroyed the Iranian Consulate in Damascus on April 1, their partners, the terrorists following Radical Islam, were coordinating attacks on the Syrian Arab Army (SAA). This is not the first time that Israel has coordinated and partnered with terrorists in Syria. In the latest incident, Israel attacked Damascus with an airstrike which hit the Iranian Consulate, while Hayat Tahrir al-Sham (HTS) attacked the SAA in the outskirts of Idlib in north west Syria, east of Latakia and west of Aleppo. The terrorists used suicide bombers as well as armed terrorists…

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LONDON – European stocks rose to a new all-time high on Tuesday and the dollar held firm, as traders reduced their expectations for U.S. Federal Reserve rate cuts and waited for euro zone inflation data to give clues about the European Central Bank’s path.

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The sector contributed 8.5 percent to the emirate’s gross domestic product during the same period Abu Dhabi’s construction sector showed a remarkable growth of 13.1 percent in 2023 compared to 2022, with the added value of this sector reaching more than AED97 billion ($26.41 billion), the highest in 10 years. The sector contributed 8.5 percent to the emirate’s gross domestic product during the same period, according to preliminary estimates by Statistics Centre – Abu Dhabi (SCAD). The real estate activities grew 5.8 percent during in 2023, compared to 2022. Meanwhile, the non-oil economy recorded a remarkable growth of 9.1 percent…

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