Monday 26 January 2015
 
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Gulf

Gulf investors buy into Fujairah building materials firm

A consortium of Gulf-based investors led by regional private equity firm First Equity Partners (FEP) has acquired a 50 per cent stake in Oryx Industries, a major construction materials firm based in Fujairah, UAE, said a report. FEP and

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Gulf investors buy into Fujairah building materials firm

A consortium of Gulf-based investors led by regional private equity firm First Equity Partners (FEP) has acquired a 50 per cent stake in Oryx Industries, a major construction materials firm based in Fujairah, UAE, said a report. FEP and

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Egypt does not see oil price drop hitting investments from Gulf

Egypt does not expect Gulf Arab countries to reduce their investment in the country despite the fall in oil prices, as Cairo is of particular strategic importance for the region, Investment Minister Ashraf Salman

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United Gulf 'key to enhance development'

A united and stable Gulf is crucial to enhance its development, Bahrain’s Premier said yesterday (January 18). His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa affirmed that achieving peace, security an

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Sliding oil brings Gulf stock values to reasonable levels

When Saudi Arabia announced last July that it would open its stock market to direct foreign investment, a common worry among fund managers was that when the reform finally took place, the market would simply be too expensive to buy.

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Bahraini rights groups set up Gulf coalition

A new pan-Gulf human rights organisation has been formed by founding members including two Bahraini campaign groups. The Gulf Association for Rights and Freedom (GARF) is a Bahraini initiative that includes the Bahrain Human Right

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Gulf markets mixed; cheap oil fuels Egypt rally

Most Gulf stock markets were neutral to slightly positive on Wednesday, although negative news and earnings reports dragged down some individual stocks. Egypt's bourse extended its winning streak on the back of cheap oil. Saud

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GCC may cut government spending programmes

Gulf states, which pump a quarter of the world's daily oil supply, may see record government spending programmes curtailed in this year's budgets. This is due to a more than 50 per cent decline in crude prices which may ma

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Gulf countries in plans to curb fuel smuggling

Bahrain and other Gulf countries are planning new legislation to curb fuel smuggling. Smuggling of fuel, including diesel, petrol and other products, is frequent across borders where different levels of fuel subsidies create price

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Despite oil plunge, no austerity yet for Gulf states

It's a weekend morning at the Dubai Mall, a glitzy complex with 1,200 stores, and the shoppers are pouring in. A traffic jam has formed in the basement parking area. With passenger arrivals at Dubai's airport at record highs, retailers e

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