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