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KNPC, NCPI sign MoU to localize MAN production

Kuwait National Petroleum Company (KNPC) and NCPI sign a memorandum of understanding to localize MAN production, signaling a strategic shift in oil investments and strengthening public-private sector…

Source: Arab Times Business

Top crude oil producers: not all are OPEC members

A report notes that among the world’s top six crude oil producers, four are outside OPEC, and the five largest producers are not all members of the organization. The findings highlight that governing control…

Source: Arab Times Business

Bond issuances: Investors need to be fully aware the market

A Gulf Times Business piece notes that bonds occupy a significant role globally in finance, corporate, and banking sectors. It emphasizes that governments and international financial institutions frequently…

Source: Gulf Times: Business

Discipline-Driven Growth Approach Highlighted at Capital Haus

A profile of Brendan Gow, Founder and Executive Chairman of Capital Haus, emphasizing a selective expansion strategy that prioritizes disciplined decision-making over pursuing every opportunity. The piece…

Source: Gulf Times: Business

TSMC Posts Record Profit as AI Chip Demand Surges

Taiwan Semiconductor Manufacturing Company reports a 68.7% year-on-year rise in third-quarter net profit, reflecting strong demand for AI chips. The report notes continued momentum in the AI semiconductor…

Source: Arab Times Business

ACE 2026 offers Leapmotor B10 with EZ5 package, Malaysia

A Malaysian auto event, ACE 2026, promotes Leapmotor B10 with an EZ5 package valued at RM11,188, including insurance, tinting, and a wallbox installation. The event is scheduled to run at the Setia City…

Source: Paul Tan’s Automotive News

Proton market share in Malaysia reaches 12-year high

According to JPJ registration data, Proton accounted for 23.9% of all new vehicle registrations in Malaysia from January to September 2026, the highest market share since 2011. No other figures or authorities…

Source: Paul Tan’s Automotive News

Oil prices hinge on Hormuz navigation

Oil markets remain unsettled as traders await clarity on safe navigation through the Strait of Hormuz. If the strait cannot be fully secured, potential disruptions to global oil supplies could influence…

Source: Arab Times Business

Dukhan Bank posts nine-month net profit of QR1.19bn

Dukhan Bank reports a nine-month net profit of QR1.19 billion for 2026, with total assets rising to QR126.8 billion (up 2.4% from December 2025) and a loan book of QR94 billion. Earnings per share are…

Source: Gulf Times: Business

Oil Ministry: Worker safety top priority in oil, gas sector

The Kuwaiti Oil Ministry reiterates that worker safety is the top priority across the oil and gas sector, as stated by Acting Assistant Undersecretary for Administrative Affairs and Information Systems Nadia…

Source: Arab Times Business

Ooredoo Group CEO elected to GSMA Board for 2027–2028 term

Aziz Aluthman Fakhroo, CEO of Ooredoo Group, has been elected to the GSMA Board of Directors for the 2027–2028 term. The GSMA Board includes 26 senior representatives from global operators and industry…

Source: Gulf Times: Business

Turkey sees softer September inflation than forecast

Turkish consumer price inflation rose 1.84% month-on-month in September, easing below market forecasts; annual inflation stood at 29.73% according to the Turkish Statistical Institute. The data point to…

Source: Gulf Times: Business

KNPC workforce peaks at 7,650 staff by mid-2026

KUWAIT CITY, Oct 3 — The Kuwait National Petroleum Company (KNPC) reports a record workforce size, with national staff rising to 7,650 by mid-2026. The report notes an unprecedented expansion of personnel…

Source: Arab Times Business

154 tenders awarded in 6 months

The Central Agency for Public Tenders (CAPT) of Kuwait reported 154 tenders awarded in the first six months of the current year, with the total value not specified in the provided excerpt.

Source: Arab Times Business

Malaysia trims fuel prices for October 1–7, 2026

In Malaysia, the ministry of finance has announced a weekly fuel-price update showing decreases for the coming week (October 1–7, 2026). Diesel, RON95, and RON97 prices are all reported to be lower than the…

Source: Paul Tan’s Automotive News

Qatar Society of Engineers to host BIM Summit 2026 this week

The Qatar Society of Engineers is organizing the Building Information Modeling (BIM) Summit 2026 on October 4. The event offers a comprehensive program for professionals, focusing on the current state and…

Source: Gulf Times: Business

Two vital oil chokepoints under threat

Two openings crucial to global oil transit—the Strait of Hormuz and Bab el-Mandeb—are reported as being under threat, with potential implications for supply and shipping routes. The report emphasizes that…

Source: Arab Times Business

Morbidelli C252V V-twin arrives in Malaysia at RM16.9k

Malaysia sees the launch of the Morbidelli C252V cruiser, a 2026 V-twin model, priced at RM16,988 (excluding road tax, insurance, and registration). The bike was unveiled in May 2026 at MAEPS, Serdang, as…

Source: Paul Tan’s Automotive News

Kuwait keeps rates steady after Fed hike

Kuwait maintains its monetary policy stance in response to the recent Federal Reserve rate increase, signaling flexibility and ongoing adaptability to global monetary developments. Details on policy tools,…

Source: Arab Times Business

Ipoh woman wins two Mitsubishi Xforce in B1F1 contest

A 39-year-old Ipoh resident, Saidahtul Khairunnisa bt Martius, reportedly won two units of the Mitsubishi Xforce in a B1F1 contest, while paying for only one. Details about eligibility, the contest…

Source: Paul Tan’s Automotive News

Cargo flights seen to lead Gulf air taxi deployment

An aviation industry executive says Gulf air taxis will initially focus on cargo transport and unpopulated routes before carrying human passengers, outlining a gradual rollout rather than immediate passenger…

Source: Gulf Times: Business

Wholesale price inflation in India rises to 9.92% in August

India’s wholesale price-based inflation increased to 9.92% in August, up from 9.78% in July, with higher prices in food, manufactured products, and fuel and power noted. No authorities or policy actions are…

Source: Arab Times Business

Suzuki Juru launched – new 1S dealership in Penang

Naza Eastern Motors has opened Suzuki Juru, a new 1S Suzuki dealership in Bukit Mertajam, Penang, Malaysia, with an investment of RM1 million. The report is from Paul Tan’s Automotive News and notes the…

Source: Paul Tan’s Automotive News

Kuwait Airways Adds Sixth A330-900neo, Names It “Qaruh”

Kuwait Airways has taken delivery of its sixth Airbus A330-900neo, the aircraft named “Qaruh,” as part of a fleet expansion under an Airbus purchase agreement. The brief notes the delivery but does not…

Source: Arab Times Business

Refining products in desperate need

Markets are discussing where to obtain finished petroleum products amid globally limited supply, with particular focus on import avenues and sourcing challenges. The situation is affecting availability and…

Source: Arab Times Business

Tesla Model Y Performance launched in China

Tesla has launched the Model Y Performance in China, featuring 460 hp, 0-100 km/h in 3.5 seconds, a 659 km CLTC range, and production in Shanghai. The vehicle is listed on Tesla’s Chinese configurator at…

Source: Paul Tan’s Automotive News

Consiliojus Reviews: How Citizenship Eligibility Is Assessed

A Kuwait-focused business article discusses Consiliojus’ examination of how citizenship eligibility is evaluated. The piece notes uncertainty around the criteria and processes used to determine eligibility,…

Source: Arab Times Business

Letbe Nomad 350 scooter eyed for Malaysia entry in 2026

A Chinese scooter model, the Letbe Nomad 350, may enter the Malaysian market in 2026 via MForce Bike Holdings, following the Letbe Mecha. Details on launch timing and pricing remain unconfirmed.

Source: Paul Tan’s Automotive News

Qatar Central Bank Joins Gulf Payments System AFAQ

Qatar Central Bank (QCB) announced its participation in the AFAQ Payments System, operated by Gulf Payments Company (GPC). The move completes the participation of the central banks of all Gulf Cooperation…

Source: Gulf Times: Business

Iranian rial hits fresh record low against dollar

Iran’s currency continued a steep decline, sliding to a reported record low around 2.25 million rials per US dollar. No authorities or timelines are confirmed here, and the situation reflects ongoing…

Source: Arab Times Business

Kuwait’s economy gears up for ‘slow’ year-end recovery

Easing geopolitical tensions are seen as potentially supporting a modest final quarter for Kuwait’s economy, with expectations of absorption of shocks and a gradual uptick into 2026, though details remain…

Source: Arab Times Business