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Category: FINANCE

Posted on July 7, 2026

J.P. Morgan backs financing for Iraq’s $1.6 billion Basra industrial project

KAR Electrical Power Plant Production Trading FZE (KEPPT) has hired J.P. Morgan to arrange development finance for a $1.6 billion urea plant in Basra, one of Iraq’s […] …
Posted on July 7, 2026

Invesco India Financial Services Fund leads banks & financial services sectoral mutual funds in one-year CAGR returns; delivers 7.2% gain

Invesco India Financial Services Fund delivered 7.2% CAGR returns over the last one year and 18.0% CAGR over three years, according to ACE MF data on July 6.
Posted on July 7, 2026

Will the Iran-US MoU reshape economic relations in the Gulf?

The memorandum envisages sanctions relief and a reconstruction fund, but investors remain wary of security risks …
Posted on July 7, 2026

IIFL Finance Says Co-Lending Can Accelerate India’s Last-Mile Credit Delivery

IIFL Finance today said co-lending partnerships between banks and non-banking financial companies (NBFCs) can play a transformative role in expanding affordable formal credit to underserved borrowers, …
Posted on July 7, 2026

Master Concept Co-Founder Dennis Wong Joins Citi Commercial Bank Hong Kong Executive Summit 2026 Panel on AI, Technology and Global Market Opportunities

Master Concept Co-Founder Dennis Wong was invited to join the Citi Commercial Bank Hong Kong Executive Summit 2026 as a panellist for the session, “Asia’s Digital Anchor: Bridging Hong Kong’s AI and …
Posted on July 7, 2026

Qatar introduces new tax as businesses told to submit audited inventory reports

Qatar has introduced a new Excise Tax mechanism for sweetened drinks, with businesses required to comply from July 6 under a system that calculates tax according to the sugar content of beverages …
Posted on July 7, 2026

Kuwait’s new tax system to break government revenue record

Multinational companies will be subjected to a new tax, 255 foreign units along with 45 from Kuwait and other Gulf oil producers will be hit with a new levy. Kuwait’s Finance Mi …
Posted on July 7, 2026

More than 100 new finance professionals join Oman workforce

More than 100 newly qualified finance professionals have joined Oman’s workforce as ACCA (the Association of Chartered Certified Accountants) welcomed its newest members at a ceremony in Muscat, …
Posted on July 7, 2026

Macron’s visit to Syria showcases Damascus’s rising regional status

Syria’s President Ahmed al-Sharaa is also expected to travel to Turkey to hold meetings on the sidelines of the NATO summit in the following days.
Posted on July 7, 2026

Webull Malaysia Launches OpenAPI, Allowing Investors to Trade US Stocks and ETFs via Plain Language AI

Sdn. Bhd. (‘Webull Malaysia’), a subsidiary of Webull Corporation (NASDAQ: BULL), the owner of the Webull trading platform, today announced the launch of its OpenAPI in Malaysia, enabling local retail …

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