Friday 25 July 2014
 
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Gulf

Cash-flush Gulf banks grab top spots in loan market

Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending. &nbs

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Saudi firms urged to bridge 'the digital divide'

Strong opportunities are emerging for private sector firms in Saudi Arabia and in the Gulf to address pressing challenges to bridge online and offline businesses, according to a report.   The Sacha Orloff Group r

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AXA opens new shop, kiosks in Oman

AXA Gulf, a leading non-life international insurer in the region, has opened new kiosks and a shop in Muscat, aimed at reaching out to more customers across Oman.   The new openings include a kiosk at Al Meera Hy

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AXA Gulf offers 15pc discount on motor premium

AXA Insurance Gulf is offering a 15 per cent discount on 4x4 insurance premiums during the holy month of Ramadan.   The offer, extended to customers as part of the AXA Ramadan Motor Campaign, is a result of the c

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Fuel subsidy proposal may bolster Gulf Air

Gulf Air wants the government to subsidise 30 per cent of its fuel costs, to enable it to achieve an operating profit for the first time in years.   The proposal has already been tabled with the Cabinet, Gulf Air

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Gulf countries warned over militant threat

Gulf countries, including Bahrain, should be on high alert amid increasing fears of an extremist insurgency gaining access into the region, according to experts.   They say GCC forces should also be prepared to t

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Serbia eyes Gulf cash for $4bn waterfront project

Serbia has unveiled plans to redevelop the Belgrade waterfront, aiming to make the capital a tourism and business hub, in a controversial 3 billion euro ($4.08 billion) scheme that will be funded by cash from Gulf investors. The B

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Islamic trade finance fuels GCC reinsurance demand

The spread of Islamic trade finance is boosting demand for sharia-compliant reinsurance in the Gulf, trade credit insurer Euler Hermes says, predicting the sector could eventually account for over a third of its business in the region.

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UK's Brooks Forging eyes Gulf tie-ups

UK-based Brooks Forgings, a manufacturer of metal forgings, fabrications and machined components for major construction and civil engineering projects including the Olympic Velodrome, aims to enter the Gulf region in a big way. Th

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Cyprus seeks Gulf investment in oil-gas sector

Big oppportunities lie ahead for GCC investors as Cyprus gears up to tap significant hydrocarbon resources below the Eastern Mediterranean seabed, a consultant has said. "An estimated 27 trillion cubic feet (tcf) of natural g

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