The Egyptian Cabinet has greenlit measures for the Ministry of Finance to issue up to $3 billion in international bonds throughout fiscal year 2026/2027. This move aligns with state strategy to cover budget funding gaps, broaden currency and lower refinancing exposure.
Saudi Arabia's Cabinet has approved the establishment of the Imam Abdulrahman bin Faisal Nature Reserve, a protected area covering 4,310 sq km across Dhurma, Al Muzahimiyah and surrounding areas. The reserve features the Tuwaiq Mountains, sand dunes and traditional rural landscapes.
Saudi Arabia’s Cabinet has approved a landmark agreement with Qatar to establish a 785-kilometre electric high-speed railway linking Riyadh and Doha, paving the way for one of the Gulf’s most ambitious cross-border transport projects.
Kuwait cabinet has appointed a new finance and a new foreign minister in a limited cabinet reshuffle, reported the state news agency Kuna. Dr Yaqoub Al Sayed Yousef Al Refaei takes over the finance portfolio, while Jarrah Jaber Al Ahmad Al Sabah is the new foreign minister.
The Saudi cabinet has lauded the high-speed electric train project linking the Kingdom and Qatar, which will support transportation, boost tourism and economic activity.
Bahrain has launched the largest financial and tax reform package in its history to address a soaring $50 billion public debt, said media reports. The key fiscal reforms plan includes raising fuel and natural gas prices and bringing changes to corporate income tax and spending cuts.
