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Iran must change to improve ties with Gulf: analysts

Last Updated: Friday, May 30, 2014, 09:13

Iran must prove through actions that it is willing to make key policy changes to mend fences with Gulf Arabs, analysts said ahead of a landmark visit by Kuwait`s emir.

New India Assurance to open regional hub in Dubai

Last Updated: Wednesday, May 28, 2014, 12:55

Middle East, particularly Gulf Cooperation Council (GCC), is a significant market for us and our focus will now be to increase our presence in this market and grow our business by offering our products to a multinational clientele in the region.

Obama opens way to Gulf grouping military sales

Last Updated: Tuesday, December 17, 2013, 04:59

President Barack Obama ruled that a regional grouping of Gulf Arab states should be allowed to buy certain US defense articles, deepening ties with a grouping wary of Iran`s regional influence.

UAE to set up world`s largest solar desalination plant

Last Updated: Wednesday, November 27, 2013, 20:24

The UAE would establish world`s largest solar-powered desalination plant that will process more than 22 million gallons of potable water per day.

GCC seeks Syria ceasefire for Haj

Last Updated: Thursday, October 10, 2013, 18:29

Gulf Cooperation Council (GCC) has called on the Syrian regime to arrange a cease-fire with rebels out of respect for the sanctity of the Haj.

Middle East's automotive market set to grow 20% over 5 years

Last Updated: Wednesday, September 18, 2013, 14:35

The automotive sector in the Middle East remains upbeat despite turbulence in many countries in the region, a senior UAE official has said.

Gulf-based NRIs taking loans to reap benefits of fall in rupee

Last Updated: Monday, August 19, 2013, 14:22

Money exchangers and bankers in Muscat said that NRIs have started resorting to personal loans as rupee touched an all-time low of 62.03 against the US dollar on Friday, Times of Oman reported.

GCC market capitalisation rose 5.6% in July, report says

Last Updated: Monday, August 12, 2013, 11:22

The collective market capitalisation of bourses in nations of Gulf Cooperation Council (GCC) rose 5.6 percent month-on-month (MoM) in July, a news report says.

'GCC-India trade can give opportunities for SMEs'

Last Updated: Monday, June 17, 2013, 14:16

Small and Medium Enterprises (SMEs) are one of the fastest growing business segments in the Gulf Cooperation Council (GCC) countries and enhanced bilateral trade between India and the region presents vital opportunities for entrepreneurs, a leading banker has said.

UAE Exchange eyes 10% rise in remittance inflows into India

Last Updated: Tuesday, May 21, 2013, 22:24

"India is an important market for us. Last year we remitted over USD 5.8 billion through our GCC (Gulf Cooperation Council) corridor to India.

UAE benefits from influx of capital from emerging markets

Last Updated: Tuesday, May 21, 2013, 14:34

The study reveals that capital inflow from emerging markets, most notably from India, Russia and China has overtaking those from developed markets.

'Higher oil prices have benefitted Gulf economies'

Last Updated: Friday, April 12, 2013, 13:22

Higher oil prices have benefited the Gulf Cooperation Council (GCC) economies in recent years with Saudi Arabia's revenues in 2011 alone reaching USD 296 billion against the budget of USD 144 bilion, a leading banker in the region has said.