Latest in Highlight
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Egypt condemns Ahwaz terrorist attack, calls for countering terrorism
Iran accused two Arab Gulf states of supporting attackers
Catastrophe of the century
We are in a time of no rules and no politics. The whole world is like a cat that fell into a basket full of strings. The more it tries to get out of it, the more complicated it becomes. We have small and medium international interest groups in the Arab region, which increases the …
Egypt says it understands Bahrain’s decision to boycott attending meetings with Qatar
Kuwait is set to host the upcoming GCC summit in December
Qatar should show desire not to harm, interfere in Arab states’ affairs: Al-Sisi
The four Arab states repeatedly asserted the possibility of returning relations with Qatar, if it responded to 13 demands
Demands to Qatar are non-negotiable: KSA
Qatar aims to internationalise the boycott: Egypt’s representative goes to UN
Gulf crisis: Surrender or dig in for the long haul
Saudi Arabia and the United Arab Emirates (UAE), by breaking off not only diplomatic but also economic relations with Qatar, are likely to make it this time round far more difficult for the Gulf state to resist pressure to change its controversial policies. The stakes are far higher than when Saudi Arabia, the UAE, and …
Cutting ties with Qatar is a sovereign right: Saudi-led coalition
The statement came in response to remarks by Prince Zeid bin Ra’ad Al Hussein, the UN high commissioner for human rights
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Ministry of Social Solidarity asserts following Egyptian labour situation in Qatar
Doha announced no expulsion of nationals from countries that cut ties
Al-Sisi praises Trump’s remarks on Qatar, Gulf states announce hotlines for mixed Qatari families
There will be no expulsion of nationals from countries that cut ties, according to the Qatari ministry of interior
Al-Sisi, Trump follow up of anti-terrorism agenda
Trump spoke to KSA, UAE, and Qatar leaders offering to solve the latest issue in the White House
Sisi and Putin discuss crises in the Middle East in telephone conversation
Putin expressed Russia’s support to solve the tensions through dialogue, during conversation with Emir of Qatar
Egyptian residents’ situation in Qatar remains unclear following diplomatic turmoil
Neither Egypt nor Qatar have clarified the situation of Egyptian residents after Egypt announced cutting diplomatic relations with Qatar
Attracting investment, improving business environment tops Al-Sisi’s visit to Bahrain
President concludes two-day Gulf tour after meetings with officials and businesspeople
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CSG seeks to increase business in Gulf region in 2017
CSG targets 30% growth in the volume of its business during 2017
Cartel Capital to help Gulf companies invest in food sector acquisitions
A Saudi Arabian and a Bahraini company have decided to enter the market through the dairy sector
Qatari soft power efforts: two steps forward, one step backwards
Efforts to leverage Qatar’s 2022 World Cup hosting rights to create the soft power the Gulf state needs to punch above its weight and ensure a sympathetic hearing in the international community in times of emergency operate on the Leninist principle of two steps forward, one step backwards. Take events this month as an example. …
Elsewedy Electric increases smart metering contracts portfolio to €148m supported by Gulf, European markets
The domestic market is expected to increase the Elsewedy Electric’s revenues as the wire and cable sector recorded a 17% annual increase in sales during the first half (H1) of 2016, according to an official at the company. The wire and cable sector’s total annual sales increased by 19%, recording 85,901 tonnes. The sector’s revenues …
Too early to predict Brexit’s influence on Egyptian real estate market: experts
The Egyptian real estate market will not be affected by Brexit in the short term, says Badr El-Din
United Bank provides an attractive avenue for Gulf, foreign banks to enter Egyptian market: chairperson
Daily News Egypt sits down with Ashraf Al-Kady in his first interview since he assumed the role of chairperson for United Bank in March
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Kuwaiti rulers fight their internal battles on the sports field
Political infighting within Kuwait’s ruling family is about to take a dramatic turn with reports that the Gulf state plans to dissolve its national sports organisations in a blatant illustration of the incestuous relationship between sports and politics. The expected Kuwaiti move, part of an effort to sideline Sheikh Ahmad Al-Fahad Al-Sabah, a member of …
Gulf markets plunge last week, save Saudi Arabia
Qatar Stock Exchange also declined by 1.89% and settled at 9,532.6 points, with an average daily trading value of 177.018m riyals
King Salman’s bridge creates expectations of increased Gulf investments in tourism sector
Total investments in Egypt are estimated at EGP 68bn, but Arab investments only represent 3% of this, according to TDA
Gulf markets’ performance remains positive
During the past week, Tadawul registered a 4.02% increase in its performance. DFM surged by 4.04%, while ADX inched up by 3.98%. QSE posted an increase of 2.94%, while the KSE increased by 1.34%
US welcomes GCC decision to designate Hezbollah as ‘terror group’
The US imposed sanctions on three personnel and two companies affiliated with Hezbollah, says US official
Gulf’s markets post an average 3% increase
The slightest increase in the Gulf’s stock markets was recorded in the Muscat Securities Market (MSM), which inched up by 0.3% during the past week
Building Egypt’s and the Gulf’s future
Family firm strikes balance between working for clients and on its own assets
January’s final weeks see surge in Gulf stock market
Saudi Arabia’s market surged by 7.62% and Abu Dhabi’s followed, increasing by 4.64%. Muscat’s bourse also increased by 3.07% and Kuwait inched up by 1.3%
Gulf alliance allocates $500m to purchase Red Sea hotels: ETF official
Saudi-Kuwaiti alliance began negations with two resorts in Marsa Alam, of an annual capacity of 700 rooms
Collapse of oil prices strikes Gulf stock markets
Saudi Arabia’s market was the hardest hit, losing 9.93%, followed by Qatar with 6.35%, while Dubai’s financial market lost about 5.86%. Further, Abu Dhabi lost 4%, Kuwait shed 2.49%, and Muscat declined by 0.76%.
