Search Results for: Gulf
Oil steady after U.S. crude stockpiles drop; traders watch Gulf of Mexico storm
August 24th, 2017
Oil was steady on Thursday, holding gains from the previous session after another fall in U.S. crude inventories indicated a tighter market, and as a tropical storm was heading for oil producing facilities in the Gulf of Mexico. Brent ...
Gulf markets set to end the week with losses; Crude oil prices tumbled
June 1st, 2017
Major stock markets in the Gulf look set to end the week with losses on Thursday after crude oil prices tumbled to a three-week low overnight and global bourses stayed mostly weak. Brent crude futures slumped 3 percent to ...
Gulf countries will return to economic growth
May 8th, 2017
The International Monetary Fund (IMF) has forecast the return of GCC countries to faster economic growth starting next year, supported by a fundamentally strong financial services sector and improved growth in the non-oil private sector as well as a ...
Gulf states are spending billions to attract tourists
April 24th, 2017
Gulf states are spending billions of dollars creating ambitious strategies to attract visitors as tourism becomes a stronger plank of their economies. This week’s Arabian Travel Market in Dubai will show the changing face of the industry as entertainment ...
Gulf countries companies may face challenges on VAT implepmentation
March 13th, 2017
GCC corporates could face multiple VAT challenges in the short-run The plan to introduce value-added tax in GCC states could create operational risks for companies and put pressure on Ebitda [earnings before income tax, depreciation and amortisation} and cash ...
Arabian Gulf states are looking at ways to diversify their economies
March 13th, 2017
Push for UAE trade with Asia and Africa The UAE wants to expand trade ties with fast-growing nations in Asia and Africa, a senior official said on Sunday. Arabian Gulf states are looking at ways to diversify their economies, ...
Which Gulf country’s banking sector is the top in assets volumes
March 9th, 2017
The UAE’s banking sector came first on the list of the banking sectors in terms of asset volume in the GCC region, with a total value of about US$711 billion, over (AED2. 61 trillion) in 2016, according to statistics ...
The outlook of employee salaries in Gulf region for 2017
February 13th, 2017
Many companies in the Gulf Cooperation Council (GCC) region are not planning to change their compensation budgets for 2017, with employee salaries expected to continue at a relatively flat rate compared to a year ago. Recent data released by ...
How Gulf stock markets are in early Monday; Saudi Arabia’s index fell
January 30th, 2017
Major Gulf stock markets were weak in early trade on Monday in response to soft global equities and crude oil prices, although Dubai courier firm Aramex soared on a fourth-quarter earnings beat. Saudi Arabia’s index fell 0.1 percent after ...
Gulf markets rise in early trade, Kuwait continues bull run
January 23rd, 2017
Gulf stock markets mostly rose in early trade on Monday with Kuwait continuing a bull run that has made it by far the region’s best-performing bourse this year. The Kuwaiti index, which rose 15.6 per cent between the end ...
