Tuesday 2 September 2014
 
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GCC

GCC sukuk industry shows massive growth potential

The Sukuk industry in the Gulf Co-operation Council (GCC) region is set to be one of the fastest growing segments of the Islamic finance industry with huge growth potential, particularly in Dubai, UAE, said a report. The Dubai Cha

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China to buy larger share of GCC exports

Gulf Co-operation Council (GCC) export to China is growing in Saudi Arabia, Qatar, UAE and Oman and is set to increase in Kuwait next year, according to an expert. A deal announced in mid-August between Kuwait Petroleum Corp (KPC)

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Saudi stocks 'richly valued but still attractive'

Middle East funds are bullish on Saudi Arabia's stock market despite concern it is getting richly valued, while they think the United Arab Emirates has bottomed out after a volatile few months, a Reuters survey showed. The Sau

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GCC closer to resolving Qatar dispute

GCC countries are closer to a decision on the six-month dispute with Qatar, which they had accused of destabilising the region by supporting the Muslim Brotherhood, a report said. Foreign ministers at their meeting in Jeddah agree

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Casio Mideast launches new Edifice models

Casio Middle East has unveiled its two new Edifice time pieces, across stores in the GCC. The ERA300B-1AV and ERA300DB-1A2V, have been engineered with the ‘Twin Sensor’ technology, an auto neon illuminator and a 100-m

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GCC talks to end Qatar diplomatic row

Bahrain and Saudi Arabia last night stressed the need to steer the region away from tensions. They also underlined the importance of maintaining the region's stability as His Majesty King Hamad received Saudi Foreign Minister Prince Saud Al

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GCC states to pump $9.5bn into new hospital projects

Gulf countries are likely to invest about $9.53 billion on new hospital projects and for upgradation of the medical facilities by the year end, up 25 per cent over 2013, said a report. Saudi Arabia is among the GCC countries forec

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New healthcare facilities deal in GCC to top $9bn

GCC is on track to record more than $9.5 billion in new contracts for medical facilities by the end of the year, reflecting a 25 per cent increase over 2013, a report said. Dubai expects 500,000 patients for treatment by 2020 as p

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Qatar refuses to sign GCC committee report

Qatar has refused to sign a final report by a GCC committee monitoring the implementation of a Riyadh agreement on ending diplomatic dispute between Doha and other member states, a senior Gulf diplomat said yesterday. He told Asha

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GCC inflation rates up on higher housing prices

Inflation rates jumped across GCC states between 1.21 per cent and 3.1 per cent in the six months ending June this year, driven by higher housing and utility costs. The latest inflation figures issued by the Statistical Centre for

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