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Oil-rich Kuwait faces reckoning as debt crisis looms

When Kuwait emerged from a monthslong coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks. But unlike much of the world, where long lines formed for donated food, Kuwaitis were waiting to...

UAE eases limits on foreign ownership to attract investors

The United Arab Emirates has relaxed and removed a range of limits on foreign ownership of companies, state-run media reported Monday, in the country’s latest bid to boost its global status and attract foreign investors. The overhaul signals yet another startling change for the federation...