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GCC 'unaffected by Europe debt crisis'Gulf states should be largely unaffected by the euro zone debt crisis as their banks have minimal exposure to the bloc's debt, the head of Oman's central bank said, though he warned that they would not be immune to a broader global slowdow More… |
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UAE markets in milestone gains on Dubai newsUAE stocks made near-maximum gains as Abu Dhabi's $10 billion bailout of Dubai lifted both emirates' benchmarks to milestone advances. Abu Dhabi's benchmark climbed 7.9 per cent to 2,821 points, in its biggest one-day gain sin More… |
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Gulf states to unveil $430bn investmentsGulf oil producers are likely to deploy about $430 billion of new investments into assets in the region and China over the next two years as they face global financial turmoil, a Saudi bank said yesterday. Saudi Arabia and its five neighbo More… |
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Doha round failure will affect GCC statesThe Gulf states will be adversely affected if the Doha round fails, stated an analyst, in a report. The Doha round has remained deadlocked over differences related to subsidies in the farm sector. During talks in July, trade minis More… |
