The Breaking Point Blues: Palestine’s Banks Cry SOS Before the Crash


Hey, listen up. Palestinian Monetary Authority Governor Yahya Shunnar just dropped a serious warning at a high-level sit-down with ambassadors and global finance folks. He stressed that Israeli moves keep pushing the economy toward total collapse.  

Moreover, he flagged how this threatens food security and basic services right now. The meeting carried the stark title “The Breaking Point: Sounding the Alarm Before the Collapse,” and voices from Jordan’s central bank, the Arab Monetary Fund, the IMF, and local bank leaders all chimed in.  

Meanwhile, Shunnar urged the world to step up fast and protect those correspondent banking relationships—Palestine’s only real pipeline for trade under the Paris Protocol. Any break, he warned, would spark shortages of fuel, food, and energy while prices, joblessness, and poverty soar.  

Nearly NIS 18 billion sits locked in vaults, and Israeli banks handled NIS 51 billion in deals last year. Therefore the window is slamming shut, and everyone agreed urgent action is the only way to keep the system breathing.

Saudi’s Open Banking Party Just Got a Fresh Invite!


Hey folks, get this—SAMA just handed Malaa Company for Information Technology a shiny license for payment account information services. That’s one of the cool open-banking goodies. Consequently, the kingdom now boasts 33 licensed companies offering payment services.

This move shows SAMA actively backs the payments scene. Moreover, it boosts transaction efficiency and sparks innovative financial tools that push financial inclusion forward across Saudi Arabia.

Meanwhile, SAMA keeps reminding everyone: stick only to authorized institutions. Therefore, always check their website for the full list of licensed and permitted financial players before you dive in.

Kirkuk’s Oil Giants Just Got a Power Duo Boost


Hey energy fans, big news just dropped! BP and ConocoPhillips shook hands so ConocoPhillips grabs a 42% slice of BP Energy Company of Kirkuk Limited.  

This move backs the redevelopment of massive oil fields around Kirkuk in northern Iraq. The deal lands during Iraqi Prime Minister Ali Al-Zaidi’s Washington visit.  

Why This Partnership Rocks

BP stays the majority owner while both companies pool their skills. Meg O’Neill, ConocoPhillips’ CEO, calls Kirkuk a world-class resource that fuels Iraq’s ambitions and creates value for everyone.  

The contract targets more than 3 billion barrels of oil equivalent from the Baba and Avanah domes plus nearby fields. BP’s century-long Iraq ties keep it central, and the setup needs little extra capital from BP.

The Breaking Point Blues: Palestine’s Banks Cry SOS Before the Crash

Hey, listen up. Palestinian Monetary Authority Governor Yahya Shunnar just dropped a serious warning at a high-level sit-down wi...