Rich Gulf Arab countries have so far failed to diversify their economies away from oil revenue and some may eventually face political challenges as a result, a senior Qatar central bank official said on Tuesday.
The comments by Kh
Capital outflows from Gulf states have totalled only about $780 million since the US Federal Reserve unveiled its plan to wind down asset purchases in May last year, a small fraction of the money leaving other emerging markets, according to a st
Saudi Arabia and other Gulf states, despite their mistrust of Iran, gave a qualified welcome to Tehran's interim deal with world powers over its disputed nuclear programme.
US-allied Saudi Arabia, locked in a struggle with Ira
The Arab world's energy exporting states are not saving enough of their oil windfall and as a group may start running a fiscal deficit in 2016 if current policies do not change, the International Monetary Fund warned on Tuesday.
Gulf Arab states plan to meet next week to discuss a dispute between the UAE and Iran which broke out after the Iranian president visited a Gulf island claimed by both countries, a source familiar with the matter said on Saturday.
Employees in the Gulf states are expected to see salary increases of 5 to 6 per cent this year, according to a new survey.
Organisations in the UAE plan to increase employee salaries nearly three per cent above inflation in 2012, said the
US Secretary of State Hillary Clinton arrives in Saudi Arabia today for talks to weigh limited options available to end the violence in Syria and launch a "strategic forum" with Gulf allies against a backdrop of growing tensions with Iran.
Four more members of the Gulf Cooperation Council (GCC) have decided to close their embassies in Syria over its violent crackdown on mass protests, the Saudi Press Agency (SPA) reported.
United Arab Emirates, Oman, Kuwait and Qatar follow
Gulf Arabs told Russia in blunt language on Saturday its failure to take a tough line on Syria had allowed killing to continue and urged Moscow to back an Arab peace effort that includes a call for Russian ally President Bashar al-Assad to step as
There are clear signs that mergers and acquisitions in the telecom industry could steadily pick up in 2011 and 2012 as several operators have announced large transactions, said a study by Booz and Company.
Prior to the global economic slow