#New York

Kuwait Airways resumes direct flights to New York

Flights will be operated once a week between the two destinations

Oil trades at six-week high with demand optimism spurring rally

Consumption may also get a boost when China breaks for an extended holiday on Saturday

Abu Dhabi Investment Office establishes international presence in US, Asia and Europe

The network of new locations will offer unprecedented access to the emirate’s offerings

Dubai’s Emirates to resume operations to Seattle, Dallas and San Francisco

The airline currently serves 114 destinations on six continents

Bahrain’s Investcorp buys stake in private equity firm Centre Lane

Centre Lane plans to use the capital to expand its private-credit and special-opportunities platforms and to increase capital commitment

Bahrain’s Investcorp sells eight US properties for over $900m

The properties were garden and townhome-style apartment buildings located in major metropolitan areas

Aramco backs New York fintech firm offering Islamic investments

Wahed Invest got the financing from Saudi Aramco Entrepreneurship Ventures unit as part of a $25m funding round

Emirates to resume flights to 16 more cities from June 15, including New York, Singapore

From June 8, Emirates will also offer flights from Karachi, Lahore and Islamabad for travellers who wish to connect onwards to other destinations

Abu Dhabi’s Etihad to suspend New York service

Etihad is also suspending flights to Edinburgh and Perth on the same date

Standard Chartered Questions New York Action

New York’s top bank regulator has threatened to revoke the bank’s state licence over alleged Iran ties.