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August 29, 2013

While the correction in Dubai was partly due to the geopolitical tension, it was also looking for a chance to correct, as some experts believe it was an overheated market.
08:30 GMT

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

Sultan Qaboos Bin Said of Oman (Getty)
12:08 GMT

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.

Qatar Airways will work with FC Barcelona to create joint initiatives and will especially focus on connecting with the club's fans and also with underprivileged children to spread the love of the game to all corners of the globe, it added.
11:35 GMT

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."

The two countries enjoy strategic interests and are signatory to several agreements in the areas of trade and investments.
11:09 GMT

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.

Nissan's chief executive Carlos Ghosn had earlier said that he wants the company to be the first to sell self-driving cars.
10:10 GMT

According to the report, Nissan said that it is also building the first dedicated proving ground for autonomous cars near its headquarters in Japan.

Tuesday’s decline trimmed the overall gain of Dubai’s benchmark to 57 per cent this year, still the second-best among global benchmarks after Ghana’s market.
08:24 GMT

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

Dubai led losses across Middle East bourses and sharply underperformed emerging market losses globally - MSCI's emerging market index was down 1.3 percent.
13:16 GMT

"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.

“This dispute has serious foreign relations implications, evidenced by the filings of three governments in the courts below, in which U.S. ally Jordan protested that the sanctions ‘severely infringe’ its sovereignty and ‘punish Arab Bank for not violating Jordanian law.’”
13:03 GMT

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.

The construction and commissioning of those thermal power plants in Turkey’s Afsin-Elbistan region would have created more than 10,000 jobs.
12:14 GMT

“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.

The UAE retail sector is expected to continue with its buoyancy during the second half as well.
11:58 GMT

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.

The Putin-Bandar meeting was injected with threats of a “dramatic turn of events” in Syria (Photo Credit: Getty images).
11:31 GMT

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 Bino, the ACC has referred major cases to the judiciary (Courtesy of: the Jordan Times).
09:01 GMT

According to Samih Bino, the answer is yes.

Japan also hopes to bolster ties to secure a stable supply of energy as about 76 per cent of Japan's imports of crude came from Gulf states as of 201. PicturedL Japanese Prime Minister, Shinzo Abe (Photo Credit: Getty images).
08:19 GMT

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

Meanwhile, on the business front, Japan pushed for a Free Trade Agreement (FTA) with the GCC to boost trade ties. Meanwhile, on the business front, Japan pushed for a Free Trade Agreement (FTA) with the GCC to boost trade ties (Pictured: Japan Fokoshima Disaster).
14:57 GMT

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 unified GCC visa would not cancel the existing system of a single GCC country visa
13:23 GMT

The GCC visa is expected to reinvigorate tourism, business, shopping travel and economic activities in the member countries.