Sunday 1 March 2015
 
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GCC

US aviation giants split on GCC carrier subsidy row

A push by three US airlines to curb competition from Gulf state carriers has exposed divisions over free trade with other powerful US aviation players including Boeing Company and FedEx Corp, potentially complicating the airlines' campaign f

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Bahrain to cut medicine prices by 50pc

Bahrain will slash prices of hundreds of medicines used for treatment of eye, ear, nose and throat conditions and gynaecology by 50 per cent starting from tomorrow (March 1), said a report. The new pricing cap represents the seven

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GCC governments must prepare for post-oil era

Cuts in public spending, the widespread introduction of taxation and rising levels of unemployment are set to hit Bahrain over the coming decade, according to a report. Cuts in public spending, the widespread introduction of taxat

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GCC rail network infrastructure to top $15.4bn

The overall cost of the planned GCC railway infrastructure is estimated to top $15.4 billion, according to a report. “The strategic artery will link Kuwait and Bahrain through Dammam, in the Eastern Province of Saudi Arabia,

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Citi Bahrain banks Euromoney GCC Financial Forum

Citi Bahrain was one of the exhibitor sponsors of the Euromoney GCC Financial Forum which recently concluded in Bahrain. The forum was co-hosted by the Bahrain Economic Development Board (EDB) and held for the fourth consecutive y

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Qatar in major smart cities push

Qatar, with its vision for 2030, is poised to be one of the key Gulf players in this global move towards smart cities  with focus on key areas such as mobility, environment, infrastructure and systems, said experts. A smart c

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GCC records inflation rates of more than 3pc in 2014

The inflation rates across the GCC region ranged between 3.1 per cent and 0.8 per cent last year, according to the latest reports by the Statistical Centre for the Co-operation Council for the Arab Countries of the Gulf (GCC-Stat).

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GCC states plan joint portal to link traffic, business

The six member countries of the GCC plan to launch a joint portal next month in a move to link part of their traffic, business and customs systems for easier coordination and data exchange, a report said. The decision was taken at

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Major GCC financial forum opens in Bahrain

Euromoney Conferences, organisers of the fourth GCC Financial Forum, announced yesterday (February 23) that two top banks, the National Bank of Bahrain (NBB), Bank of Bahrain and Kuwait (BBK) and the Oil and Gas Holding Company (nogaholding) hav

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Renault unveils expansion plans in Mideast

Renault has unveiled its 2017 plan and ambitions for expansion in the Middle East region. It also showcased the various new models that will be made available in the region soon, with 11 new vehicles to be launched in the next thr

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