County Gulf Financial News

Superstar Rajinikanth's latest film, 'Jailer', is creating waves at the box office. Initial estimates projected the movie to earn over Rs 25 crore, but it has far exceeded expectations by raking in more than Rs 100 crore in just two days.

Qatar and Etihad have become an unstoppable force in the global aviation industry much because of the location of their home bases in the Gulf. Their geographical positioning allows them to transfer big chunks of passengers between Asia, Africa and Europe. These are also state-owned carriers of energy-producing countries, which makes them ferocious price warriors in transcontinental travel.

One of the United States' biggest rail investments in more than a century could be an 88-mile line in Utah that would run through tribal lands and national forest to move oil and gas to the national rail network

Public Investment Fund is accelerating spending at home, often on obscure startups and projects that it plans to own and operate. Last month, PIF said it would start selling milk from camels and dates grown in the region around the holy city of Medina. Before that, it launched a halal meats exporter and a company aiming to make Saudi coffee globally popular.

Barbie" in Saudi Arabia and the United Arab Emirates (UAE) is now confirmed, media reports said.

Saudi Arabia announced that citizens of eight more countries will now be eligible for a visitor e-visa, state media reported. The e-visa will be available to visitors from Albania, Azerbaijan, Georgia, Kyrgyzstan, Maldives, South Africa, Tajikistan, and Uzbekistan, for leisure, business, and religious (Umrah only) travel, bringing the total number of eligible countries to 57, Xinhua news agency quoted the state media report as saying. The visitor e-visa is valid for an entire year, grants multiple entries, and permits a stay of up to 90 days. After launching the e-visa program in 2019, Saudi Arabia welcomed 93.5 million visits in 2022, a 93-per cent increase from 2021, registering a tourism expenditure of 185 billion Saudi Riyals ($49 billion). In 2022, Saudi Arabia decided to provide a visitor e-visa for holders of valid Schengen, British and US visas that have been used to enter these countries before arriving in Saudi Arabia and for permanent residents of the European Union, Gulf Arab countries, Britain and the US.

Chad in support of anti-«terrorism» efforts and border protection, the oil-rich Gulf state said on Sunday. Chad is a neighbour of Niger, where a coup late last month toppled one of the last pro-Western leaders in the jihadist-plagued Sahel region. The UAE's official news agency WAM included a photo of several desert-coloured armoured vehicles, with the Emirati and Chadian flags draped over two of them.

hurricane season in the Atlantic typically gains momentum. Historically, the three most active months for hurricanes in the region are August, September, and October, spanning from June to November. American Forecasters have expressed confidence in the likelihood of an unusually busy hurricane season this year. The CSU team predicted a «borderline hyperactive» season with up to nine hurricanes forming in the Atlantic basin during 2023. This upgrade was primarily attributed to the presence of extremely warm ocean waters, a favorable environment for storm formation, which could counteract the suppressing effects of El Niño, as per USA Today. As we delve deeper into August, meteorologists using weather forecasting models have noticed a potential increase in the necessary ingredients for storm development. The first two months of this season have already been quite active, with five storms and one hurricane reported by the end of July. This ranks as the fourth-most active start of any season since 1851. Fortunately, the United States has not faced any significant threats from tropical storms or hurricanes so far. June saw notable activity with three named storms, including Arlene, which brought some rain to South Florida after forming in the Gulf of Mexico. Additionally, two storms, Bret and Cindy, formed in the «main development region,» an unusual occurrence for June. This region in the Atlantic is known for generating many significant storms, especially during the peak of the season. However, neither Bret nor Cindy had any impact on the US. In July, there was a lull in storm activity, with only one named storm, Don, which briefly reached hurricane status in the open Atlantic.

Most U.S. military veterans are unaware that they can get help to claim a new benefit, but fraudsters know only too well and are taking advantage of the knowledge gap.

Vladimir Putin reviewed a parade of warships and nuclear submarines in his native St Petersburg on Sunday and announced that the Russian Navy would receive 30 new ships this year. Forty-five ships, submarines and other vessels took part in Russia's annual Navy Day event, a traditional show of military might which takes place in the Gulf of Finland and on the River Neva in St Petersburg.

Sierra Leone says it is working with neighboring countries to step up the fight against piracy in the Gulf of Guinea after a Chinese fishing vessel was hijacked in its waters earlier this week

Qatar Airways says it earned a profit of $1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country's hosting of the 2022 FIFA World Cup

Gulf central banks increased their key interest rates on Wednesday after the Federal Reserve raised rates by an expected quarter of a percentage point, citing still-elevated inflation as a rationale for the latest hike. The Fed raised its rate by 25 basis points (bps) on Wednesday and left the door open to another increase.

The pan-Arab news network Al Jazeera has condemned a recent decision by Egyptian authorities to brand some of its journalists as terrorists

Maine is poised to launch an offshore wind program that would meet clean energy goals and produce enough power for about 900,000 homes from floating wind turbines in the Gulf of Maine

Hubbard’s Marina co-owner and deep sea fishing Cpt. Dylan Hubbard speaks to Fox News Digital about 10-knot boating speed limits 'crippling' business and the coastal economy.

Luke Bryan and his wife Caroline Bryan's property in Santa Rosa Beach, Florida is up for sale. Earlier in December 2022, the beach house was initially listed for $18 million. However, the price was cut down to $16 million in February this year.

The Biden administration has announced plans for the first sale of offshore wind power leases in the Gulf of Mexico off the Louisiana and Texas coasts

WASHINGTON (Reuters) -The United States on Thursday said the first offshore wind power auction in the Gulf of Mexico will take place next month, an industry milestone President Joe Biden discussed during a trip to highlight the administration's efforts to boost clean energy.

Turkish Finance Minister Mehmet Simsek says Turkey and the United Arab Emirates have signed deals worth $50.7 billion, as President Recep Tayyip Erdogan rounds off a three-country tour of the Gulf

U.S. federal prosecutors can’t auction off 800,000 barrels of seized Iranian oil sitting in a Greek tanker off the coast of Texas because U.S. companies are reluctant to unload it, according to people familiar with the matter.