August 29, 2013
After Tuesday’s massive sell off in UAE and Saudi Arabia’s stock markets, which was triggered by concerns over possible military action against Syria, selling pressure in both somewhat abated yesterday as investors stepped in to take advantage of the fall in share prices and buy bluechip stocks.
August 28, 2013
On the sidelines of the visit, the governments of the Sultanate and Iran signed a number of agreements of co-operation in the fields of oil and gas.
Addressing the media, Qatar Airways CEO Akbar Al-Baker, said: "The joining of FCB and Qatar Airways is truly history in the making. It is the first time we enter into such a landmark, significant sports partnership."
Jordan Chamber of Commerce (JCC) President Nael Kabariti said this week that the chamber will organise a visit for a Jordanian delegation to Egypt next month to look into the possibility of establishing joint ventures.
According to the report, Nissan said that it is also building the first dedicated proving ground for autonomous cars near its headquarters in Japan.
Dubai’s stock index on Tuesday nosedived the most in the world, leading a Gulf-wide dip on the ominous prospects of a US-led military intervention in Syria.
August 27, 2013
"The extent of the drop doesn't make sense and people are over-reacting because local fundamentals are strong and even if there is a war, I don't see it significantly impacting Gulf countries," said Yassir Mckee.
A trial is scheduled to take place in January 2014, marking the first time a bank has been tried in the U.S. for terrorism financing under the act.
“This is a drive by the UAE and the GCC states to exercise pressure on the Turkish government to do a U-turn on their position towards the Egyptian cause. The step by the UAE is a consequence of the Turkish government’s stance towards Egypt,” Ashour said.
With forecasts of up to 30 per cent plus, retailers are forecasting a bullish run during the “Back to School” run, which would also be the ballast for increased activity during the peak buying season until the end of the year.
Prince Bandar, head of Saudi intelligence, allegedly approached the Kremlin with a mix of carrot-and-stick approach coupled with a package of economic incentives.
According to Samih Bino, the answer is yes.
Abe, who is the first Japanese prime minister to visit the country, said "friendly and co-operative relations with Bahrain" will be strengthened.
August 26, 2013
Bahrain has become the first country in the Gulf to lift restrictions on food imports from Japan imposed following the Fukushima nuclear disaster in 2011.
The GCC visa is expected to reinvigorate tourism, business, shopping travel and economic activities in the member countries.