Sunday 21 December 2014
 
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GCC

GCC rebound likely to slow as oil outlook still cloudy

A strong rebound by Gulf stock markets looks set to slow on Sunday as the outlook for oil prices remains cloudy, but the panic which engulfed stocks earlier this month is unlikely to return. Gulf bourses surged on Thursday, with S

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GCC trade with Africa on the rise

GCC countries are placing more attention on new markets in east, west and southern Africa as their trade flows with the continent expand, a report said. From telecommunications and private equity in West Africa to energy projects

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Hyundai Oilbank enters GCC lube market

Global automotive aftermarket player A-MAP has partnered with Korea’s advanced oil refinery Hyundai Oilbank to launch its new XTeer range of engine oils in the Gulf region. A Dubai-based company, A-MAP specialises in the mar

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Hyundai Oilbank enters GCC lube market

Global automotive aftermarket player A-MAP has partnered with Korea’s advanced oil refinery Hyundai Oilbank to launch its new XTeer range of engine oils in the Gulf region. A Dubai-based company, A-MAP specialises in the mar

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Saudi tops GCC in polymer production

Saudi Arabia has emerged as the biggest producer of polymers in the GCC with a 74 per cent share of the region's total capacity amounting to 17.6 million tonne, said a report. There was an addition of 2.2 million tons in GCC p

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GCC braces for $350bn loss on oil plunge

Gulf countries could lose at least half their oil revenues or around $350 billion a year as crude prices plunge, according to senior analysts.   The GCC states, which pump about 17.5 million barrels per day, are

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European mobile maker launches ‘Fly Blade’ in GCC

Fly, a leading European mobile maker, has launched its slimmest smartphone at major retail outlets across the Gulf Cooperation Council in partnership with Dubai-based distributor Eurostar Group. Measuring only 5.1-mm thin, the Fly

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China, India to become biggest trading partners for GCC

Developing countries in Asia—particularly China and India—are rapidly becoming the biggest trading partners with Gulf Co-operation Council (GCC) countries ahead of other regions, according to a new report released by the Economist In

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Imdaad among UAE’s top 10 smart storytelling brands

Imdaad, a leading provider of integrated facilities management solutions in the GCC, said it was recently featured in the ‘Top 10 UAE Smart Storytelling Brands’ at the Social Insights 2014 social media event held at in Dubai, UAE.

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‘Quality key to FDI data in GCC countries’

GCC countries need to improve the quality of foreign direct investment (FDI) data they release, a top official of the United Nations Conference on Trade and Development (UNCTAD) has said. UNCTAD Division on Investment and Enterpri

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