Saturday 12 July 2014
 
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Gulf

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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Gulf markets sink as Arabtec remains in free fall

Uncertainty over the fate of Dubai's most heavily traded stock, construction firm Arabtec, as well as the fighting in Iraq and the approach of the Ramadan lull depressed most share markets across the Gulf on Monday. Arabtec ha

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Silah Gulf wins top contact centre awards

Bahrain-based Silah Gulf, a leading customer experience solutions provider, has won 10 awards at the annual Insights Middle East Call Centre Awards held in Dubai recently.   The award is the regional benchmark fo

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Gulf premium may vanish as views of region shift

Long a key feature of the Middle Eastern bond market, the "Gulf premium" is fading and may vanish entirely as soon as this year if the region continues to gain ground as a mainstream investment destination. The premium i

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