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TEHRAN, Iran (MNTV) — Gas production at Iran’s South Pars Gas Field has increased by five million cubic meters per day following the completion and commissioning of three new wells, officials announced on Tuesday. Shobeir Nabavi, project director for infill drilling at South Pars, said the wells became operational this year, beginning March 21...
DAMASCUS, Syria (MNTV) — Saudi Arabia and Syria signed investment deals worth $6.4 billion during a bilateral investment forum in Damascus, marking a major step in Saudi Arabia’s efforts to support Syria’s reconstruction and deepen economic ties with the war-torn country. Saudi Investment Minister Khalid Al-Falih led the Syrian-Saudi Investmen...
TASHKENT, Uzbekistan (MNTV) — Uzbekistan is ramping up efforts to improve oversight of public spending by adopting digital audits, artificial intelligence, and a nationwide citizen reporting platform. Senior officials were presented this week with updates on the work of the Accounts Chamber, the country’s financial oversight body, and recent c...
DUSHANBE, Tajikistan (MNTV) — Tajikistan will host the International Investment Forum, Dushanbe Invest-2025, from October 14 to 16 in the capital, as part of its broader push to attract green investment and strengthen economic partnerships with the global community. According to a report by Asia Plus, the announcement came during the first mee...
BAGHDAD, Iraq (MNTV) — Iraq has signed a significant agreement with U.S. energy firm Schlumberger to accelerate development of the Akkas gas field in Al-Anbar province, a key part of Baghdad’s strategy to ramp up domestic gas production and reduce reliance on imports. Oil Minister Hayan Abdul Ghani said the agreement is central to Iraq’s [&hel...
RIYADH, Saudi Arabia (MNTV) — Saudi Arabia’s venture capital (VC) funding surged to SAR 3.2 billion ($860 million) in the first half of 2025, a 116% increase compared to the same period last year, according to a new report by MAGNiTT commissioned by Saudi Venture Capital Company (SVC). The number of VC transactions also rose […]
DUBAI, UAE (MNTV) — The United Arab Emirates attracted $1.53 billion in Islamic investment deals between 2023 and 2024, positioning the country as a leading global destination for Shariah-compliant financial activity. According to a new report by DinarStandard, released as part of the 11th edition of the State of the Global Islamic Economy (SG...
MANAMA, Bahrain (MNTV) — The Central Bank of Bahrain (CBB) has introduced a formal regulatory framework for the issuance and operation of stablecoins, becoming one of the first jurisdictions in the Middle East to do so. The Stablecoin Issuance and Offering (SIO) Module, effective July 2025, is now integrated into Rulebook Volume 6, which gove...
CAIRO, Egypt (MNTV) — Al Baraka Bank Egypt has signed two strategic agreements valued at a total of $100 million with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), aimed at expanding its Islamic trade finance offerings and supporting the growth of Egyptian exporters. According to a press release, the deals ...
KUWAIT CITY, Kuwait (MNTV) — Kuwait is weighing the establishment of a government-funded investment company with authorized capital of 50 billion Kuwaiti dinars (approximately $165 billion) to finance large-scale infrastructure, energy, and industrial projects. The proposal, submitted by Finance Minister Noura Al-Fassam to the Kuwaiti cabinet,...
