Kuwait
New rule in Kuwait: No more cash for gold or jewelry
The Kuwaiti government has officially banned the purchase of gold and jewelry with cash, in a move aimed at strengthening financial transparency and combating illicit activities.
Many international brands are boycotted like KFC © Mena Today
On a recent evening in Cairo, a worker cleaned tables in an empty McDonald's restaurant. Branches of other Western fast-food chains in the Egyptian capital also appeared deserted.
All have been hit by a largely spontaneous, grassroots boycott campaign over Israel's military offensive in the Gaza strip since the deadly Hamas attack in southern Israel on Oct. 7.
Western brands are feeling the impact in Egypt and Jordan, and there are signs the campaign is spreading in some other Arab countries including Kuwait and Morocco.
Participation has been uneven with only minor effects seen in Saudi Arabia and the United Arab Emirates.
The Kuwaiti government has officially banned the purchase of gold and jewelry with cash, in a move aimed at strengthening financial transparency and combating illicit activities.
PureHealth Holding PJSC, the largest healthcare group in the Middle East, reported solid financial results for the nine months ending 30 September 2025, with AED20.1 billion in revenue, up 6% year-on-year. EBITDA rose 11% to AED3.5 billion, while net profit increased 8% to AED1.55 billion.
Avishay Edri wants to move back to the kibbutz he evacuated in southern Israel after it was attacked by Palestinian gunmen two years ago, but is hesitating as fears persist that the war in nearby Gaza will resume and it will not be safe.
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