gcc states

Gulf Tourism Frenzy in Bosnia Delights Business, Polarises Locals

By Daria Sito-Sucic SARAJEVO, Aug 21 – Abdulah Al Sanousi enjoys the breeze in the lush resort outside Sarajevo where his family bought a flat to escape the summer heat at home in Kuwait, one of thousands of new Gulf buyers whose investment has polarized local opinion. They discovered mountainous Bosnia, where half the population

[ Read More ]

Abu Dhabi Lays Off Staff as Gulf Austerity Tightens

By Stanley Carvalho ABU DHABI, May 22 – Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf’s wealthy oil states are hunkering down for a long period of austerity as low crude prices pressure their economies. Since mid-2015, the United Arab Emirates (UAE), Saudi Arabia, Qatar and other countries

[ Read More ]

Saudi King Sets Aside Frustrations with Egypt for State Visit

By Angus McDowall and Lin Noueihed RIYADH/CAIRO, April 5 – Despite years of mutual frustration and disappointment over diverging priorities, Saudi Arabia and Egypt remain fundamental to each other’s security, a message King Salman’s visit to Cairo this week is intended to reinforce. The rare foreign trip by the 80-year-old Saudi ruler will counter media

[ Read More ]