arab gulf countries

The Dubai Effect

The emirate leads regional hospitality and tourism sectors with new attractions and innovative products By Yahia Idris With the latest opening of the Dubai Water Canal and the developments surrounding it, the emirate has once again proved to the world that a leadership with a vision will continue to set top-tier achievements and create breathtaking

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Suspect Held Over Bomb Attack Dies in Bahraini Jail: Media

DUBAI, July 31 – A Bahraini suspect held for questioning in connection with a bomb attack that killed a woman in late June has died in prison, a local newspaper reported on Sunday, while another news website has suggested he may have died under torture. The interior ministry said in a statement that a detainee

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GCC: Summer Is Coming

The Gulf’s forthcoming reforms bode well for the future BY Tarek Fadlallah The contrarian case for making tactically positive trades during Gulf Cooperation Council (GCC) market weakness earlier this year has been sound. It remains on track to deliver further modest gains once Ramadan is over and the traditionally slow summer season has passed. The supportive elements

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Saudi Arabia Criticises U.N. Over Yemen Blacklisting

RIYADH, June 6 – Saudi Arabia has rejected a United Nations report that criticised the military coalition it is leading in Yemen, saying it was based primarily on information supplied by its adversaries. On Thursday U.N. Secretary General Ban Ki-moon added the Saudi-led coalition to an annual blacklist of states and armed groups that violate

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Bahrain Arrests Eight Men Trying to Escape to Iran by Boat: BNA

DUBAI, June 5 – Bahrain’s coast guard has arrested eight people who were trying to escape to Iran by boat, state news agency BNA reported on late on Saturday. Bahrain’s official agency said two other men it described as “fugitives” had organised the escape from Iran. The eight men had already been convicted – in

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Terror Case Opens Up Kuwait’s Sectarian Divisions

By Sylvia Westall KUWAIT, June 2 – Kuwaiti security service officers raided farmhouses near the Iraqi border late last summer, slicing through carpets and smashing open concrete floors. Hidden in large plastic containers was a weapons cache, the largest discovered in Kuwait’s history. State television showed Kuwait’s Interior Minister, a senior ruling family member, solemnly

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Gulf OPEC Members Seek Joint Action on Oil Output

By Rania El Gamal and Shadia Nasralla VIENNA, June 1 – Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday, a senior OPEC source said, but Iran signalled the country was not ready for any such pact. “The Gulf

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GCC: Change Is Needed

GCC central banks need to bolster research to reform decades old dollar pegs BY Martin Dokoupil Oil-rich Gulf Arab states’ central banks lack adequate research capabilities to pursue a currency reform that could help them better control their economies in both harsh periods of low crude prices as well as in times of economic boom, says

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