Saturday 12 July 2014
Gulf Arab

Gulf 'Eurostar'-style rail project to cost $20-25bn

The Gulf Arab rail network will cost between $20 billion and $25 billion, up from $14 billion, as the six oil producers seek to create a similar model to Europe's Eurostar, a regional official said on Wednesday. Mohammed Obaid al-Mazro


Gulf markets slip on oil, global declines

Most Gulf Arab markets fell on Thursday as a sharp decline in oil prices, falling global markets and rising tensions in the Middle East dampened sentiment among investors. United Arab Emirates shares were the hardest hit as real estate sto


Most Gulf bourses hit by global fears

Most Gulf Arab bourses declined on Monday as investors worried about the impact of a global economic slowdown on the region, with property stocks in the United Arab Emirates among the hardest hit. Dubai's Emaar Properties plunged 6.53


Gulf equipped to weather financial storm

From banks, to developers to oil firms, Gulf Arab companies told Reuters on Monday they were hit by the global financial crisis and falling oil prices, but robust growth and spare liquidity would help them weather the storm. Top executives


Oil up over $2 after US stock market surge

Oil jumped as much as 6 percent on Wednesday, ending a three-day losing streak, after US stock indices staged their second-biggest point gain ever. Asian stocks markets kept up the positive momentum, opening sharply higher on signals that


Qatar denies inviting Iran to GCC summit

Qatar denied late on Tuesday intense media speculation that it had invited Iran to attend a summit of US-allied Gulf Arab states this year. Iran's President Mahmoud Ahmadinejad made a surprise appearance at the annual meeting of leader


70pc GCC residents seek citizenship: survey

Over 70 per cent of GCC residents are calling on Gulf Arab states to grant citizenship to long-term expatriates, an survey has revealed. The latest poll shows 43.8 per cent of respondents think foreign workers who have

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