Thursday 23 October 2014
 
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Gulf

New Gulf projects to hit $180bn, despite oil price slump

About $180 billion of contracts for new construction projects will be awarded in wealthy Gulf states this year, the largest amount for six years, despite falling oil prices, according to a recent study. Brent crude oil sank to a f

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Mideast markets stabilise after panic sell-off

Stock markets in the Middle East appeared to be stabilising in early trade on Monday after falling sharply in the previous session in a broad sell-off. Bourses in the region posted their biggest losses in years on Sunday as global

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Gulf Marcom to take part in key advertising event

Bahrain-based Gulf Marcom will represent the kingdom at a key regional meeting of advertising and marketing communication agencies that starts today (October 9). The company's chairman Khamis Al Muqla is attending the three-da

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Some in Opec worried by oil drop, but no plan yet

Some Opec countries are calling for supply cuts after a drop in oil prices, but core Gulf members are betting winter demand will revive the market, suggesting the group is no closer to any collective steps. The differing views wit

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Gulf countries warned over IS attack threat

A top Saudi journalist has warned about potential terrorist attacks in Gulf countries by extremists who support radical Islamic State (IS) militants in Iraq and Syria. Editor-in-chief of the Bahrain-based Al Arab News cha

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Iran urges Opec to stop oil slide, Gulf members relaxed

Iran has urged Opec members to make joint efforts to keep oil prices from falling further, highlighting a split with other members such as Saudi Arabia who face lower budget pressures despite a slide in prices towards $95 a barrel.

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Gulf airlines sidestep PIA purchase reports

Gulf airlines have evaded commenting on reports that they are looking to purchase ailing Pakistan International Airlines (PIA), according to a report. Pakistan’s Minister of State for Privatisation, Mohammad Zubair, recently

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Gulf aluminium production to hit 5m tonnes by 2015

The volume of aluminium production in the Gulf region is expected to increase to five million tonnes by 2015, accounting for 17.5 per cent of the total global output, compared with 3.7 million tonnes in 2012 or 11 per cent of the total world pro

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Gulf states 'partner' US in strikes against militants in Syria

The US military said on Tuesday its partners in air strikes against Islamic State militants in Syria included Jordan, Bahrain, Saudi Arabia, Qatar and the UAE. In a statement, it added the US military had taken action to disrupt &

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Cheaper oil no big threat to Gulf economies

Falling oil prices may prove the best medicine for economies in the Arab world, rebalancing growth towards countries struggling to recover from the Arab Spring uprisings without doing major damage to the oil exporters of the Gulf.

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