Tuesday 3 May 2016
 
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Gold steadies after rally, interest rate view supports

Gold steadied as stock markets turned lower, with the metal holding onto the previous day's two per cent gains on expectations that rock-bottom interest rates will persist.   Spot gold was $1,231.51 an ounce

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Khodro, Fiat to set up joint firm in Iran

Leading Iranian vehicle manufacturer Iran Khodro Company (IKCO) and Fiat plan to set up a joint company in Iran, a senior official said in a report. The automobiles produced by the Italian firm can compete with Peugeot and Volkswa

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Khodro, Fiat to set up joint firm in Iran

Leading Iranian vehicle manufacturer Iran Khodro Company (IKCO) and Fiat plan to set up a joint company in Iran, a senior official said in a report. The automobiles produced by the Italian firm can compete with Peugeot and Volkswa

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Saudi contractors' advance payments cut

Saudi Arabia's finance ministry has cut advance payments to firms doing construction work for the government to five per cent of the contract value from 20 per cent, a newspaper reported on Wednesday in a fresh sign of a clampdown on state s

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Australian firms to offer top health, medical solutions

Australian companies offering solutions to the growing health and medical needs of the Middle East and North Africa (Mena) region will be the highlight of a trade and investment roadshow this month.   The Austral

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Grant Thornton names Islamic finance head

Grant Thornton, an independent assurance, tax and advisory firm, has appointed Samer Hijazi as a Partner and head of Islamic Finance to lead the Abu Dhabi practice.   Previous to joining Grant Thornton, Hijazi wo

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Bahrain public transport firm launches new services

Enhanced customer services have been announced by Bahrain’s public transport network system. The hotline at the Bahrain Public Transport Company (BPTC), the operators of the network, will now be operational seven days a week, said a repo

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Bahrain signs air show accords with Russian firms

Bahrain International Air Show (BIAS 2016) high organising committee members, led by Transportation and Telecommunications Minister and deputy chairman of the panel Kamal Ahmed, took part in Russian International Aviation and Space Show in Zhu

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International law firm opens key office in Bahrain

International law firm Clyde & Company has opened a new direct filing office in Bahrain, expanding its trademark and patent filing capabilities in the Middle East. Describing Bahrain as a key country in the region, the firm said in a state

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Small firms ‘need more investments’ in GCC

GCC small and medium factories are punching well above their weight, showed a research by Gulf Organisation for Industrial Consulting (GOIC). The report on the website of the Qatar-based organisation said that small and medium fac

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