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Posted on August 16, 2026

India sets targets for oil companies to boost cooking gas output amid Middle East war

NEW DELHI, Aug 16 (Reuters) - India has set a maximum daily cooking gas production target of 63,810 metric tons for state-run and private refineries to ensure domestic supplies and build buffers after ...

Posted on August 16, 2026

India opens tax amnesty scheme for small taxpayers with undisclosed foreign assets

India's tax amnesty scheme for small taxpayers to declare certain undeclared foreign assets of up to 50 million rupees ($523,889) opens on Sunday and will be available ...

Posted on August 16, 2026

Bahrain ‘most trusted partner in Gulf’

Bahrain should be ‘at the heart’ of the UK’s strategy in the GCC and could be an ideal site for a joint UK-Bahrain centre for maritime autonomy, according to a decorated former British Army (BA) ...

Posted on August 16, 2026

Qatar among economies pushing AI frontier, World Bank report shows

Qatar has emerged among a select group of economies making significant strides in artificial intelligence (AI), underscoring the ...

Posted on August 16, 2026

Oman’s phased e-invoicing to give advantage to local business firms

MUSCAT, AUGUST 16 Oman’s proposed mandatory electronic tax invoicing framework that will be implemented in phases from April 2027 is a bouquet ...

Posted on August 16, 2026

Saudi Arabia’s AI push comes with a $42 billion price tag

Saudi Arabia ’s planned AI and cloud infrastructure expansion requires up to $42bn (AED154.2bn) in project capital by 2030. Alvarez and Marsal estimates the requirement applies if developers energise ...

Posted on August 16, 2026

Afghanistan ready to attract Uzbek, Chinese investment: Azizi

Minister of Commerce and Industry Nooruddin Azizi says Afghanistan is ready to attract investment from Uzbek and Chinese companies in various sectors.

Posted on August 16, 2026

Indonesia to close more than 750 state-owned enterprises, says president

President Prabowo Subianto said there are far too many unproductive state-owned enterprises, always reporting losses while claiming profits -- those profits are just made up.

Posted on August 16, 2026

KFH – Bahrain renews its EFTS Services certification in compliance with the ISO 20022 MX standard

Manama, Kingdom of Bahrain: Kuwait Finance House – Bahrain (KFH-Bahrain) recently announced the successful renewal of its Electronic Funds Transfer System (EFTS) services certification, in compliance ...

Posted on August 16, 2026

Singapore banks on AI edge as Hong Kong woos investment managers with tax cuts

Singapore is betting on easier access to artificial intelligence models.

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