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.
Oman’s economy is expected to grow by 3.4% in 2025, outperforming many global economies and signaling strong resilience and growing international confidence, according to Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion.
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Oman’s economy is expected to grow by 3.4% in 2025, outperforming many global economies and signaling strong resilience and growing international confidence, according to Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion.
Speaking at the Advantage Oman Forum held on April 27 in Muscat, Al Yousef highlighted the country's positive economic trajectory, citing a 16.2% increase in foreign direct investment (FDI) inflows in the third quarter of 2024 compared to the same period the previous year.
He also noted that Oman’s credit rating was recently upgraded to BBB- with a stable outlook by Standard & Poor’s, reinforcing the country’s improving economic fundamentals.
The Advantage Oman Forum, organized by the Ministry of Commerce, Industry, and Investment Promotion, brought together over 250 senior officials, decision-makers, and regional and international investors. The event showcases Oman’s growing appeal as a dynamic investment hub in the region.
Al Yousef emphasized that the forum represents a first-of-its-kind strategic initiative for Oman, designed to foster connections between key sectors and global investors. It comes at a time when Oman is experiencing notable momentum across its economic and investment landscapes, supported by strong international indicators and market optimism.
As Oman continues to diversify its economy and strengthen its global partnerships, events like the Advantage Oman Forum signal the country's ambition to cement its status as a leading destination for investment and sustainable growth.
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.
Inflation in Turkey eased in October, falling to 32.9% year-on-year from 33.3% in September, reaching its lowest level since November 2021, according to official data released on Monday.
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