Thursday 30 June 2016
 
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Gulf

Gulf sinks on Brexit but comes off lows, Egypt hit badly

Middle East stocks fell sharply on Sunday because of Britain's vote to leave the European Union but Gulf bourses came well off their lows. Egypt was hardest hit because of concern that fund inflows into the country could shrink further.

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Brexit ‘may open up opportunities for GCC’

Britain's   exit from the European Union (EU) may open up more opportunities for Bahrain and also allow the UK to forge deeper joint-trade partnerships with GCC countries, reported the Gulf Daily News, our sister publicati

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Gulf Air IT director gets top recognition

Dr Jassim Haji, a Bahraini researcher and director of information technology at Gulf Air, has received top recognition at the iconic Intelligent CIO Technology Excellence Awards 2016 ceremony hosted by Lynchpin Media earlier in Dubai.

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Fujitsu appoints new UAE channel partner

Japanese information and communication technology firm Fujitsu has appointed Gulf Shadows Computers as its value added distributor for the UAE. Gulf Shadows will take on the Fujitsu Client Computing products which includes notebooks, de

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Gulf Bank reinforces new electronic cheque clearing system

Customers of Kuwait's Gulf Bank who print their cheques through external vendors have been advised to discontinue the practice at the earliest and only print cheques through authorised vendors. The new advisory comes in line w

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EU to seek air traffic deals with Gulf, Turkey, Asean

EU member states gave the green light on Tuesday for the European Commission to pursue air traffic agreements with the UAE, Qatar, Turkey and countries in southeast Asia to try to support its airlines. Europe's aviation indust

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Three Gulf equity firms eye stake in Saudi lab firm

Three Gulf-based private equity firms are competing to acquire a minority stake in Saudi Arabia's Al Borg Medical Laboratories, sources aware of the matter said on Monday. The Gulf region's fast-growing healthcare sector h

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Three Gulf equity firms eye stake in Saudi lab firm

Three Gulf-based private equity firms are competing to acquire a minority stake in Saudi Arabia's Al Borg Medical Laboratories, sources aware of the matter said on Monday. The Gulf region's fast-growing healthcare sector h

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Gulf Air launches non-stop Dhaka flights

Gulf Air, the national carrier of Bahrain, recently celebrated its inaugural five-weekly service to and from Dhaka, the capital of Bangladesh. Gulf Air flight GF248 was welcomed into Hazrat Shahjalal International Airport in Dhaka

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Gulf sticking to FX peg 'due to poor research'

The Gulf's oil-exporting states are reluctant to consider abandoning their currency pegs partly because their central banks' research capabilities are not strong enough to analyse the change, Newsweek quoted a Gulf central banker as sayi

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