Arab Gulf

The Borrowing Spree

Arab Gulf oil exporters to issue more debt in 2017 By Martin Dokoupil  Arab Gulf oil exporters are likely to continue borrowing heavily from international markets over the coming years as fiscal gaps in most countries are expected to remain large with a marked recovery in oil prices not on the cards for the foreseeable future. But

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Iran Parades Newest Weapons at Time of Gulf Tension with U.S.

By Babak Dehghanpisheh BEIRUT, Sept 21  – Iran marked the anniversary of its 1980 invasion by Iraq by parading its latest ships and missiles and telling the United States on Wednesday not to meddle in the Gulf. At a parade in Tehran, shown on state TV, the military displayed a wide array of long-range missiles,

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Turkey, Gulf Arab States Condemn Brussels Attack

ISTANBUL/DUBAI, March 22 – Turkey and six Gulf Arab states condemned the attacks in Brussels on Tuesday that killed at least 26 people at the airport and aboard a metro train. Both Prime Minister Ahmet Davutoglu and the spokesman of President Tayyip Erdogan strongly condemned the attacks, which came three days after a suspected Islamic

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Gulf Arab States Label Hezbollah a Terrorist Organization

DUBAI, March 2 – The six-member Gulf Cooperation Council has designated Hezbollah a terrorist organization, it said on Wednesday, ratcheting up pressure on the Iran-allied group that wields influence in Lebanon and plays a key role in the Syrian crisis. Gulf Arab states imposed sanctions on Hezbollah members in 2013 in retaliation for the group’s

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Gulf Arabs Race to Release Youth Potential in Age of Cheap Oil

By Noah Browning DUBAI, Feb 18 – Like the prototype drone of Emirati student Talib Alhinai, the ambitions of young people across the Gulf Arab states need to soar if they – and their economies – are to prosper in the age of cheap oil. The 23-year-old now researching for his Ph.D is just the

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Venturing Out

Gulf joint ventures in North East Asia: Will past investments bear fruit? By Omar Alubaydli Competition to supply the energy-hungry countries of East Asia is definitely heating up. In a market that is traditionally dominated by the Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE— Russia has recently entered the

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We are not natural-born enemies of Iran: Saudi U.N. Envoy

By Michelle Nichols and Sam Wilkin UNITED NATIONS/DUBAI, Jan 5 – Saudi Arabia said on Monday it would restore ties with Iran when Tehran stopped meddling in the affairs of other countries and pledged that Riyadh would continue to work “very hard” to support bids for peace in Syria and Yemen despite the spat. Saudi

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