Sunday 28 December 2014
 
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Gulf

Gulf stocks soar on big Saudi spending plan

Gulf stock markets rose on Sunday despite oil's weakness as Saudi Arabia's plan to maintain government spending at a high level boosted investor confidence. The Saudi government released a 2015 state budget last Thursday t

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Gulf markets may consolidate with oil back below $60

Gulf stock markets may consolidate on Sunday, with positive news on Saudi Arabia's budget now largely factored in and the Brent oil price back below $60 a barrel. Markets rose on Thursday after Riyadh released a 2015 state bud

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Aubin Group sales diversify in Gulf region

Scotland-based Aubin Group has witnessed a diversification of goods shipped to the Gulf over the past few years. Aubin, which specialises in the design, development and supply of chemistry-based technology and engineering services

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Gulf Air to launch flights to Qassim and Taif in Saudi

Bahrain’s national carrier Gulf Air is set to launch services to two new destinations - Qassim and Taif, taking the total number of Saudi Arabian cities serviced by the airline to six. The flights to Qassim and Taif will beg

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Carat Mena appoints Gulf Marcom as partner in Bahrain

Carat Mena, a part of Dentsu Aegis Media, has appointed Gulf Marcom Group as its partner in Bahrain to support its clients with interests in the kingdom. Carat is a global media planning and buying specialist and a market leader i

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AXA Gulf launches online service in Bahrain

AXA Gulf, a leading international non-life insurer, has launched its online health insurance plans in Bahrain. Through the new online health insurance solution, AXA said it provides a wide range of products for individuals and fam

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Technip sells diving assets in Gulf of Mexico

Technip, a leader in project management, engineering and construction for the energy industry, has completed the sale of its diving assets in the US Gulf of Mexico to Ranger Offshore. The sale reinforces Technip’s strategy t

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Gulf markets tumble as oil slides below $60

Gulf stock markets plunged in early trade on Tuesday after oil resumed its slide on bearish comments about Opec and weak Chinese manufacturing data. Brent crude prices fell below $60 a barrel for the first time since July 2009 as

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Gulf markets tumble as oil's plunge feeds panic

Gulf stock markets extended their plunge on Sunday as oil's drop to a new five-year low sparked a fresh wave of panic selling. The bourses' losses left Qatar and Bahrain as the only Gulf markets with year-to-date gains. Br

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EHDF, Microsoft to provide Office 365 to Gulf customers

EHosting DataFort (eHDF), a leading managed hosting and cloud infrastructure services provider in the region, has partnered with Microsoft to provide ‘Office 365’ in the Gulf region, offering customers a complete cloud-based office s

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