Business
Kuwait International Airport Is Open Today, but Terminal 1 Remains Closed Amid Fresh Iranian Strikes
Kuwait International Airport is open and operating on Saturday, with two of its five terminals handling scheduled commercial flights even as the country continues absorbing the fallout from a fresh Iranian drone strike on a nearby military air base a day earlier.
Kuwait Airways is flying out of Terminal 4, while Jazeera Airways operates from Terminal 5, with both national carriers maintaining largely normal schedules, according to travel monitoring service Wego. Terminal 1, the airport’s primary international facility, remains closed pending repairs and has no confirmed reopening date, a status that has persisted since the terminal suffered significant structural damage, including a partial roof collapse, during a strike in early June. Terminal 2 remains under construction, with completion targeted for late 2026, while Terminal 3 has been permanently closed.
Friday’s Iranian strike targeted the Ahmad al-Jaber Air Base, a separate military installation located roughly 40 miles south of Kuwait City that hosts both Kuwaiti and U.S. air force operations, rather than Kuwait International Airport itself. Iran’s military said in a statement that its forces had used loitering drones to target aircraft shelters, satellite communications systems and equipment storage facilities at the base, describing the strike as the 27th phase of an ongoing military operation carried out in retaliation for a U.S. attack on a residential home on Iran’s Qeshm Island. The Iranian army characterized Ahmad al-Jaber as a major hub for U.S. air and surveillance operations and a key logistical support center for American forces in the region, according to Al Jazeera’s reporting on the strike.
Kuwait’s Public Authority for Civil Aviation had not announced any new closure of the commercial airport specifically in connection with Friday’s strike on the separate military base, according to the most recent available travel status reporting. Even so, the broader pattern of the conflict has repeatedly demonstrated how quickly conditions at the civilian airport can shift in response to regional developments. Kuwait closed its airspace and suspended all takeoffs and landings on July 18 as a precautionary measure amid missile and drone threats and active air-defense intercepts, with operations resuming the following day, according to Wego.
The damage that continues to keep Terminal 1 offline traces back to a sustained campaign of Iranian-linked drone and missile attacks that began in late February and has periodically struck Kuwaiti territory throughout the year as part of the broader U.S.-Iran conflict. Kuwait’s Defense Ministry has previously said its forces detected roughly 30 ballistic missiles and drones launched by Iran in a single day during that earlier period, with several intercepted over residential areas. Kuwait’s foreign ministry summoned Iran’s charge d’affaires at the time to lodge a formal protest and ordered two Iranian embassy staff to leave the country within 24 hours. Iran’s Revolutionary Guard denied responsibility for that particular attack, with a spokesman claiming the damage was instead caused by a failed U.S. interceptor missile, an account U.S. Central Command rejected, calling it a deliberate Iranian drone strike on the airport.
Terminal 1 had briefly reopened on June 1, allowing some non-Kuwaiti carriers to resume service through the facility after an earlier closure, but that reopening proved short-lived. The terminal suffered more severe structural damage, including the partial roof collapse, during a subsequent strike on June 3, rendering the facility unsafe for passenger operations and prompting officials to close it again, a closure that has remained in effect since. Kuwait Airways resumed flights from Terminal 4 within hours of that June 3 strike, reflecting the country’s determination to maintain at least limited air traffic even amid continued security threats.
Sheikh Hamoud Mubarak Al Sabah, chairman of Kuwait’s General Civil Aviation Authority, has said the airport’s phased reopening process has been coordinated closely with domestic and international authorities to ensure operations resume in line with the highest safety and security standards, rather than restoring full capacity all at once.
Beyond the immediate recovery effort tied to Terminal 1, Kuwait continues advancing a longer-term expansion of its aviation infrastructure. A new Terminal 2, designed by the architecture firm Foster + Partners and built around a triangular structure, remains under construction and is targeted for completion in the final quarter of 2026. Once finished, the facility is expected to add dozens of additional gates, thousands of new parking spaces and an on-site hotel, expanding the airport’s overall passenger handling capacity to more than 25 million travelers annually. That expansion project has faced its own disruptions over the years, including delays tied to the COVID-19 pandemic and, more recently, minor damage to the construction site from an earlier Iranian drone strike that did not affect the project’s planned completion timeline.
Travel advisories tied to the broader U.S.-Iran conflict have continued shifting in response to developments on the ground, and travel monitoring services have consistently urged passengers to confirm their specific flight status directly with their airline before heading to the airport, given how frequently conditions have changed throughout 2026. Passengers flying with Kuwait Airways should expect to depart from Terminal 4, while those flying with Jazeera Airways will use Terminal 5. Anyone whose itinerary was originally booked through Terminal 1 should check with their airline regarding rebooking, alternate terminal arrangements or refund options, since that facility remains offline with no confirmed date for restoring passenger operations.
Business
Treasury Warns Banks It Might Intervene in Dollar-Yen Exchange Rate
The U.S. Treasury Department has informed banks that it might make currency trades on Friday to support the Japanese yen and strengthen its exchange rate against the dollar, according to a person familiar with the matter.
The message was delivered by the Treasury to major banks on Friday via the New York Fed, which acts as the Treasury’s agent for trades in financial markets. Some banks were told to have executable trades ready to exchange Japanese yen for euros, according to people familiar with the matter. The U.S. holds some of its foreign-currency reserves in euros.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Business
Chip Stocks Are on Pace for Worst Month Since 2008
Chip stocks are on track for their worst monthly performance in nearly two decades.
The Philadelphia Semiconductor Index, or SOX, was up 2% on Friday, extending Thursday’s tech-dominated relief rally.
However, Friday’s gains were far from enough to offset what’s been a tough month for the semi group. In fact, the SOX is on track for its worst monthly performance since 2008, according to Dow Jones Market Data.
Business
Wait for more signals before turning positive
Therefore, immediate rallies would be interpreted as corrective in nature until the medium-term technical parameters turn positive. The recent upmove in the Sensex since the low of 12514 pts has been very sharp. The upside gap of July 23, 2008 had created a bullish ���Island Reversal Gap��� on the daily charts between 14510 pts and 14519 pts.
Normally, the implications of this on the medium-term outlook would be very positive, especially since the ���Island��� comprised of 22 trading sessions. When a stock indicates an uptrend, trades above the gap which occurs, then gaps back down and trades below the initial price, an island reversal has occurred.
However, the Sensex has since run into a strong resistance zone between 15026 pts and 15390 pts. The monthly mid-point of June 2008 is at 15026 pts. The 50% retracement level of the fall from the May 2008 peak (17735 pts) is at 15124 pts. The positive implications of the bullish ���Island Reversal Gap��� would thus get negated if the Sensex has a daily close below 14104 pts (the close on July 22, 2008). The Sensex is then expected to have an initial downside of 13513 pts, the 61.8% Fibonacci retracement level of the recent rise from 12514 pts to 15130 pts.
If the bearish ���Island reversal gap��� of 14484-14568 pts is immediately filled and the Sensex manages to decisively overhaul the resistances between 15130 pts and 15390 pts, the ongoing upmove would continue. The Sensex may then test higher levels between 16618 pts and 16860 pts.
The 78.6% Fibonacci retracement level of the fall from the May 2008 peak is at 16618 pts while 16860 pts is the 50% retracement level of the entire fall from the January 2008 peak. Hence, one would await further confirmation before turning positive on the medium-term outlook.
(The author is VP of technical research at Darashaw)
Business
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Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
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Capital One says it closed Trump Organization’s accounts after anti-money laundering probe

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How will adjustment in Japanese stocks impact the USD/JPY?

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