Bits Middle East News Today

By Tracy Qu and Ben Otto China Oilfield Services has suspended operations of drilling rigs related to a multibillion-dollar contract in the Middle East, a setback for Chinas largest offshore...

How Washington can stabilize a transformed region.

Kalyan Jewellers India reported a 27.1% rise in its second-quarter profit on Tuesday, helped by rising domestic demand for its ready-to-wear jewellery line and increased traffic at stores ahead of...

Its India operations, the biggest in terms of revenue contribution, saw revenue grow about 32%. Its Middle East operations saw a 5% jump in revenue as Eid holidays drove sales. "We are extremely excited with the way the festive quarter has progressed thus far," said Ramesh Kalyanaraman, executive director, Kalyan Jewellers India.

The United Arab Emirates is one of the fastest-growing markets for crypto services. The Zurich-based private bank wants to get in on the game by applying for an additional digital assets license in Dubai.

SXTC Global Brand Consulting’s DYADICA practice sees growth In Its Middle East practice with continued optimism for long-term expansion.

The OPEC+ chose to decrease oil production and indicated that they would decide on oil price, not the US or allies wanting cheap oil that many producers are denying them.