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Amid heightened tensions, Iran tells Saudi navy vessels not to get close to its waters

Iran's powerful Revolutionary Guards (IRGC) warned Saudi naval vessels taking part in military exercises in the Gulf on Wednesday not to get close to Iranian waters, in a sign of heightened tensions between the two regional rivals.

Forcing low airfares on Gulf route may attract litigation:Govt

Making Indian carriers offer low airfares on the Gulf route might result in discriminatory pricing and attract litigation by foreign airlines, according to the Civil Aviation Ministry.

Weak oil prices may hit remittances from Gulf nations: Crisil

Weak oil prices may hit remittances from Gulf nations: Crisil

Continuing weakness in oil prices may impact remittances from Gulf countries into India, a report by domestic ratings agency Crisil said.

"Social curse" of huge personal debt raises worries in wealthy Qatar

Credit cards on the limit, huge bank borrowings and a struggle to repay loans: these are the personal debt problems of some Qataris despite the Gulf state`s reputation for fabulous wealth.

IMF chief Christine Lagarde urges Gulf states to bring in taxes

IMF chief Christine Lagarde urges Gulf states to bring in taxes

The International Monetary Fund chief urged on Monday oil-exporting Gulf countries to introduce taxes, warning that low crude prices are likely to stay for an "extended period".

Gulf states unlikely to drop dollar peg: S&P

Gulf states are not expected to drop their long-term monetary link to the US dollar after the sharp drop in oil prices and fiscal reserves, Standard and Poor`s said Tuesday.

Gulf shares slide on oil rout, Iran's return

Gulf shares slide on oil rout, Iran's return

Share prices in the energy-rich Gulf states nosedived Sunday following the sharp decline in oil prices and the expected rise in Iranian crude exports after the lifting of economic sanctions.

Warning! Should Donald Trump win, flow of Gulf money to US could stop

Warning! Should Donald Trump win, flow of Gulf money to US could stop

Even as the race for the US presidential elections 2016 is hitting up, the United Arab Emirates has sound a warning that should Donald Trump win, the flow of Gulf money to the country would stop.

Iran frees U.S. sailors with start of nuclear deal in sight

Iran freed 10 U.S. sailors on Wednesday, a day after detaining them aboard two U.S. Navy patrol boats in the Gulf, bringing a swift end to an incident that had rattled nerves just before the expected implementation of a landmark nuclear accord.

Ten sailors aboard US Navy boats missing in Gulf: US official

Ten sailors are on board two US Navy patrol boats that went missing in the Gulf, apparently after straying into Iranian waters, a US defense official has said.

Despite low oil prices, Bill Gates looks to Gulf in anti-poverty campaign

Despite low oil prices, Bill Gates looks to Gulf in anti-poverty campaign

Low oil prices and tight budgets in the Gulf are making it harder to raise money for a fund tackling poverty in the Muslim world, but a growing culture of philanthropy may draw in wealthy regional donors, billionaire campaigner Bill Gates said.

'Gulf must impose taxes to strengthen fiscal positions'

Gulf countries should start levying taxes to strengthen their fiscal positions in view of the current low oil prices which are expected to slowdown their economies, according to a global organisation for Chartered Accountants.

Gulf should adjust to new oil price 'reality': IMF

Gulf should adjust to new oil price 'reality': IMF

Gulf economies need to adjust to the "new reality" of oil prices expected to remain low for some time, the International Monetary Fund says, recommending spending cuts and income diversification.

Gulf an attractive region for expatriates to live in, survey

The Gulf Cooperation Council (GCC) region has been named the most safe and secure place for expatriate professionals, according to a survey.

Vistara appoints GSA for Gulf

Tata-SIA joint venture airline Vistara Sunday said it has appointed Dubai-based Sharaf Travels as its general sales agent (GSA) for the Gulf market to sell its tickets and services in the region where it does not fly.

Oil extends short-covering frenzy to second day, topping $50

World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.

Gulf stocks plummet as oil prices plunge

Stock prices in Gulf states nosedived on Sunday in a massive market sell-off sparked by descending oil prices, with the Saudi and Dubai bourses leading the slide.

Gulf region account for 30% of Apollo patients from abroad

India is a lucrative market for international patients and receives a lot of inquiries about 'M' or medical visas; this in turn will help boost medical tourism in India.

Gulf expat workers send home $100 billion: Report

Foreigners working in the energy-rich Arab states of the Gulf sent more than $100 billion in remittances to their home countries last year, an economic report showed Tuesday.

Qatar $200-bln spending spree on track despite oil price drop

Qatar will stick to its USD 200-billion (190 billion-euro) infrastructure spending splurge, the energy-rich Gulf state`s premier vowed on Sunday, despite the fall in global oil prices.