Friday 27 March 2015
 
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Gulf

Gulf countries launch ‘Operation Decisive Storm’

Gulf countries have formally entered ‘three-front war’ after Saudi Arabia and its allies, including Bahrain, launched air strikes against Houthi rebels in Yemen, according to an expert. Operation Decisive Storm was lau

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Gulf markets sink after Yemen intervention

Gulf stock markets fell sharply in early trade on Thursday after Saudi Arabia and its allies in the region launched air strikes in Yemen, escalating the military conflict there. Dubai's index, which is the most volatile in the

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Global demand will support oil prices: Gulf Opec delegate

Stronger-than-expected global oil demand should help support crude prices at around $55-$60 a barrel in the next two months despite some signs of a growing glut in the United States, a senior Gulf Opec delegate said. The comments

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Khaleeji Commercial in discount deal with Gulf Air

Khaleeji Commercial Bank (KHCB), an Islamic retail bank, has signed a memorandum of understanding (MoU) with Gulf Air giving the bank's credit card holders discounts when purchasing tickets at gulfair.com. The bank's card

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Khaleeji Commercial in discount deal with Gulf Air

Khaleeji Commercial Bank (KHCB), an Islamic retail bank, has signed a memorandum of understanding (MoU) with Gulf Air giving the bank's credit card holders discounts when purchasing tickets at gulfair.com. The bank's card

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Women in Gulf 'key to economic growth'

A Saudi Arabian princess has stressed that women in the Gulf were not restricted by traditions and actually played a key role in their country's economic growth. Prominent women's activist Princess Lulwa bint Faisal Al Sau

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Emirates NBD bond may signal more euro issues from Gulf

More borrowers from the Gulf are likely to sell euro-denominated bonds after this week saw the first such benchmark issue by a Gulf financial institution in at least nine years, bankers say. Emirates NBD (ENBD), Dubai's larges

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Opec's Gulf core steels for longer wait in shale struggle

US shale drilling may be slowing, but not fast enough for Opec to change policy at its June meeting or to prevent oil prices maybe falling more, in the view of the group's Gulf members. Actual oil output from the US could prov

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European property dealers target Gulf investors

Property dealers in Europe are targeting Gulf investors who stand to cash in as a result of the weak euro against the strong US dollar, which regional currencies including the Bahraini dinar are pegged to. The euro hit a 12-year l

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Gulf FM sector 'must shift to smart technology'

The facilities management (FM) sector in the Middle East region must focus on the development and implementation of automation and smart systems to become more efficient and productive, said an expert. The use of smart technology

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