August 12, 2012
Lack of access to funds for developing tourism projects by private entrepreneurs is an important challenge faced by the sector. "Most of the tourism projects are facing financial challenges,- said Ahmed bin Nasser Al Mehrzi, Minister of Tourism.
The fiscal surplus of the sultanate widened further to a record RO1.6bn in the first half of this year, as against a surplus of RO386mn in the corresponding period of 2011, latest data released by National Center for Statistics and Information (NCSI) showed.
August 9, 2012
Oman's budget surplus surged to a record high of RO1.683 billion in the first half of 2012, on the back of surging oil and gas revenues.
August 6, 2012
The stock markets in the Gulf Cooperation Council (GCC) rose in July, gaining 0.41 per cent after a decrease of 2.91 per cent in June, according to Kuwait Financial Centre's (Markaz) latest update on regional markets.
August 2, 2012
A proposal to turn the Gulf Cooperation Council (GCC) into a Gulf union will be reviewed by the alliance foreign ministers in September.
July 31, 2012
Dubai real estate developer Emaar Properties rallied to its highest level since April 2011 yesterday, lifted by forecast-beating second-quarter earnings, but trading across the rest of the Gulf region was more mixed.
July 26, 2012
Dubai Gulf Arab markets dipped into negative territory on low volumes yesterday as investors, focussed on the Muslim holy month of Ramadan and avoiding the region's searing summer heat.
July 25, 2012
Projects are already underway for a customs union and perhaps even a single currency.
July 24, 2012
Saudi Arabia, the biggest Arab economy, is leading moves towards political and economic cooperation Projects already underway or under study include a customs union, a joint value-added tax and even the introduction of single currency.
July 19, 2012
Airlines operating across the Gulf region have slashed fares to several destinations across Europe, Asia and Middle East during the Holy Month of Ramadan, with a view to attracting travellers.
July 16, 2012
The GCC countries' economy constitutes the equivalent of two per cent of the world's gross domestic product (GDP), according to Al Ahli Bank's economist Dr Saeed Al Shaikh.
The Bahrain All-Share Index yesterday closed at 1,112.60 points, marking a decrease of 1.29 points below its previous closing.
July 8, 2012
In this Arab Spring Redux - we attempt to give a run-down of the Arab Spring at its various respective stages by individual country. Featured are the Arab Revolution pros and pop-idols who have got it down to a protest, spring and vote! This school report takes a look at each country's progress and stage of the Arab Spring 18 months later. Top of the Pops: the Arab Spring charts. The top ten!
Oman could be suspended from qualifying for the 2014 World Cup and other international competitions by football's governing body Fifa if a recent court ruling is enforced.
July 4, 2012
Oman coach Paul Le Guen, who is reportedly the frontrunner for the France job following the exit of Laurent Blanc, said on Tuesday that he is ‘happy’ in Oman.