Search Results for: Gulf
A common currency in the Gulf Arab region?
October 31st, 2016
Gulf single currency ‘inevitable’, says Oman cenbank chief Hamood Sangour al-Zadjali is quoted as saying that the move is only a matter of time The creation of a single currency in the Gulf Arab region has become inevitable and ...
IMF lowers Gulf economic growth forecast with ‘substantial measures needed’
April 25th, 2016
Growth in the Arabian Gulf will slow to 1.8 per cent this year as low oil prices take their toll on budgets, which will lose $140 billion in export revenue this year, the IMF said today. The growth forecast ...
Low Tax And good Living Tempt Expats to Gulf
December 3rd, 2015
Low taxes and a quality lifestyle are attracting expats to extend their stays in Gulf state countries, according to a new study. Although tax and money are important to expats, all-year sunshine and an upmarket lifestyle are also benefits ...
US, states announce settlement with BP over gulf oil spill
October 6th, 2015
The Justice Department and five states on Monday announced a $20 billion final settlement of environmental damage claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The deal, once approved by a judge, would ...
Gulf businesses expect to keep hiring despite lower oil price
September 28th, 2015
Businesses operating in the Arabian Gulf have so far shrugged off the impact of lower oil prices on their hiring policies, with 80 per cent of them expected to take on new staff, according to new research released by ...
Kuwait stock market shrinks as its economy underperforms more dynamic economies in the Gulf
September 21st, 2015
Kuwait stock delistings threaten market’s status Kuwait market shrinks as others expand Some firms complain about low valuations, liquidity Others cite costs of maintaining listing Regulator says oil companies could be listed Effort to upgrade Kuwait to emerging market ...
Arabian Gulf markets lose $58 billion as weak oil and global equity rout spark sell-off
August 24th, 2015
Billions of dirhams were wiped off the value of Dubai shares yesterday, as stock markets across the Arabian Gulf lost US$58 billion on a day of calamitous trading. The sharp sell-offs came in the wake of sliding oil prices ...
Gulf markets edge up on Q2 results, firmer oil
August 6th, 2015
Most Gulf stock markets edged up early on Wednesday as Brent oil climbed back above $50 per barrel and shares in DAMAC soared after the Dubai developer reported a more than tripling in its quarterly profit. Dubai’s stock index ...
Oil prices fall on oversupply, but US crude supported by Gulf of Mexico storm
June 15th, 2015
Oil prices extended declines on Monday after two straight days of losses late last week as high production offset strong refinery runs, but a storm that could impact Gulf of Mexico operations supported U.S. crude. Saudi Arabia, the world’s ...
DFM enrols “First Gulf Financial Services” to Margin Trading members
May 12th, 2015
Dubai Financial Market (DFM) announced that “First Gulf Financial Services” has been accredited to provide Margin Trading service, lifting the total number of DFM brokerage firms providing this service to 27 companies. Margin Trading permits brokerage companies to fund a ...
