Oil prices fell more than 3 per cent on Thursday as officials from the big global powers stayed locked in nuclear talks with Iran that, if successful, could allow the Islamic state to release more crude oil onto world markets.
Bahrain’s fish stocks could be wiped out within three years unless urgent action is taken, according to an expert.
Agriculture and Marine Resources Directorate marine licences acting head Abdulla Isa said shrimp trawling was
Abu Dhabi's Aabar Investments is preparing a bond that can be exchanged for shares in Italian bank UniCredit SpA, a source familiar with the matter said on Monday.
A spokesman for Aabar, which has a stake of just over 5 per ce
Investors enjoying near-record levels for major stock indexes will scrutinise housing data and other economic indicators in the coming week for hints about the timing of US interest rate hikes to see if the rally will continue.
Brent crude oil fell to around $54 a barrel on Monday, its lowest for more than a month, on rising global inventories and signs of a possible nuclear deal with Tehran that could allow more Iranian oil exports.
Western powers are h
Brent crude rose towards $57 a barrel on Wednesday, paring some of the previous session's sharp losses, after data showed US crude stocks fell for the first time in two months.
The benchmark closed nearly 4 per cent down in th
Gulf stock markets rose in early trade on Sunday after oil made further gains and local companies reported upbeat results.
Brent crude jumped 2.2 per cent to $57.80 per barrel on Friday, posting its largest two-week gain in 17 yea
The new head of Saudi Arabia's securities regulator said the kingdom remained on track to open its $510 billion stock market to direct foreign investment in the first half of this year.
Mohammed Al-Jadaan, founding partner at
When Saudi Arabia announced last July that it would open its stock market to direct foreign investment, a common worry among fund managers was that when the reform finally took place, the market would simply be too expensive to buy.
Most Gulf stock markets maintained their positive momentum on Sunday, supported by good corporate news, but major petrochemical producer Industries Qatar tumbled and dragged down the Doha bourse after announcing a dividend cut.