Tuesday 28 July 2015
 
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Suspected drugs seized at Bahrain airport

A foreign passenger has been arrested with a substance suspected to be marijuana, weighing 2.0597kg, the director of Bahrain’s Airports Customs announced. Customs officers at Bahrain International Airport found the substance

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Iran's foreign reserves total $115-125bn

Iran's foreign reserves total between $115 billion and $125 billion, including assets in its sovereign wealth fund, its industry minister said on Friday in one of the most detailed public descriptions of the reserves by an Iranian official.

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‘More than just sanctions hold back trade with Iran’

Western firms are itching to return to Iran if sanctions are lifted, but to truly fulfil its potential Tehran should do more to make its business practices efficient and its environment welcoming, executives said at a trade conference.

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Obama to meet with Saudi FM at White House

US President Barack Obama will meet with Saudi Foreign Minister Adel Al-Jubeir at the White House today (July 17) in his first meeting with a key ally following the Iran nuclear deal, a White House official said on Thursday. The o

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Former Saudi Foreign Minister Saud Al-Faisal dies

Former Saudi Foreign Minister Prince Saud Al-Faisal died on Thursday (July 9), Saudi Arabian sources and media close to the kingdom's ruling family reported, two months after he retired following four decades in the job. Princ

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Foreign investors buy more shares in Saudi

Foreign investors bought 2.33 per cent of all shares purchased on Saudi Arabia's stock market in June, the first month since new rules allowed more overseas investment in the Arab world's largest bourse, data showed on Thursday.

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Amnesty rush at four embassies in Bahrain

Hundreds of illegal foreign residents flocked to their embassies in Bahrain yesterday (July 1) on the first day of a six-month amnesty, which allows them to return home without facing penalties. Diplomats at the Bangladeshi, Phili

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Saudi foreign assets dip after dollar surge

The net foreign assets at Saudi Arabia’s central bank fell to SR2.521 trillion ($672.2 billion) in May, down by $6.6 billion or one per cent from the previous month as the kingdom continued to draw down reserves to cover a budget gap cause

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Foreign embassies in Bahrain brace for amnesty rush

Foreign embassies in Bahrain are bracing themselves for an anticipated rush of illegal residents seeking to take advantage of a six-month immigration amnesty that starts today (July 1). Between now and December 31 anyone who is in

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Foreign investment in Bahrain hits $1bn

Inward foreign direct investment (FDI) in Bahrain was nearly $1 billion at the end of last year, a report has found. The United Nations Conference of Trade and Development’s (UNCTAD) World Investment Report 2015, launched re

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