Wednesday 1 April 2015
 
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GCC

Sidra opening Islamic trade fund to GCC investors

Saudi Arabia-based investment bank Sidra Capital is changing its Islamic trade finance fund, initially established as closed-ended, to an open-ended format as it sees growing appetite from regional investors in the Gulf, its chief executive said

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Gulf states 'prime target for drug dealers'

Gulf states are a prime target for drug dealers, an expert has warned. That is because large numbers of affluent young people have money to spare, GCC Executive Bureau social affairs director Mahmoud Hafez said. He

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GCC banks register double-digit growth in 2014

The banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10 per cent increase, stemming largely from major customer segments such as retail and corporate banking as well as international business and treasury

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Iran, world powers eye nuke compromises; Israel furious

Iran and six major powers were exploring possible compromises to break an impasse in nuclear negotiations on Sunday, but officials cautioned they were unable to move on several sticking points. The news came as Israel said the det

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GCC on track to double smart city developments

The GCC is making major strides in its development of smart cities with the number of new smart city greenfield developments in the region set to double within the next two to three years, a report said. This follows the launch of

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China’s luxury market shows shift in ties to GCC

China’s luxury market is undergoing a fundamental shift, brought on by evolving customer dynamics, an influx of new, emerging luxury labels, an economic slow-down and ties to the GCC. According to Bain & Company’s

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Construction biggest consumer of wood in GCC

The construction industry in the GCC region accounts for 70 per cent of wood consumption, while the rest is taken up by furniture factories and carpentries, said a report ahead of an industry event in Dubai, UAE. The Dubai WoodSho

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GCC water issues: Cooperation is key

Unless GCC countries take all necessary measures to guarantee the availability of water resources the region is very likely to face many potential problems impacting the security, economic, and social fronts, warned an industry expert.

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Bahrain eases visa rules for GCC visitors

Any visitor to a GCC country will be eligible for a one-month multiple-entry visa to Bahrain under new rules coming into effect next Wednesday (April 1). The new rules also allow GCC residents and citizens of 102 countries to obta

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Qatar to treat GCC investors as local citizens

Qatar's stock exchange will treat investors from Gulf Cooperation Council (GCC) countries as local citizens from Thursday when calculating whether foreign ownership in listed companies has reached permissible limits, the bourse said on Wedne

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