Monday 21 April 2014
 
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Saudi hits 6-year peak as investors shrug off Sabic Q1

Saudi Arabia's main share index rose the most in a month to reach a fresh six-year high on Sunday as investors shook off a slight dip in quarterly profit from the bourse's biggest stock. Speculation in mid-cap stocks helped Dubai gain.

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Q1 car sales increase 3.2pc in Saudi

Sales of new cars in Saudi Arabia grew 3.2 percent in the first quarter to 190,000 units, compared to 184,000 in the same period last year, an Arab News report said quoting local media. The increase in car sales is due to the high

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Bahrain to target key markets in trade push

Bahrain will target key markets this year to cash in on the country's competitiveness, it was revealed at an Economic Development Board (EDB) meeting. The meeting was chaired by His Royal Highness Prince Salman bin Hamad Al Kh

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Annual Investment Meeting kicks-off in Dubai

Representatives from more than 120 countries and nearly 60 ministers are attending the Annual Investment Meeting (AIM) 2014 that kicked off in Dubai today (April 8).   The three-day meet at the Dubai Internationa

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GM to recall 26,000 vehicles from Saudi market

General Motors Middle East is set to recall 26,637 vehicles from the Saudi Arabian market for defects, said a report.   The defects are described to be different from the ones that appeared in the vehicles sold i

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Saudi tyre market to grow 12pc

Saudi Arabia’s tyre market is set to grow at an average rate of around 12 per cent during the six-year period to 2018 in terms of market revenue, according to a research report.   The ‘Saudi Arabia Ty

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Oman experts study Bahrain farmers' market

Agricultural experts from Oman have visited the country to explore the weekly Bahraini Farmer's Market.   The four-man delegation was here as part of a tour of the Gulf as they study how to set up one of thei

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Xerox Emirates initiative tackles grey market

Xerox Emirates, a joint venture between Xerox Corporation and Mohamed Hareb Al Otaiba, supported by Dubai Economic Department, have initiated a nation-wide programme to counter the illegal import of grey market consumables. 

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Move to revive $527m Bahrain market project

Gulf investors have pledged to help revive a BD200 million ($527.4) project to modernise Manama Central Market.   They are said to be showing interest in the development, which stalled as a result of the 2011 unr

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Blaze hits popular market in Bahrain

Firemen battled a massive blaze that ripped through a popular market in Isa Town area of Bahrain for nearly three hours last night. It took 46 Civil Defence personnel and 18 fire engines to put out flames that engulfed the Isa Tow

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