Last Updated: Tuesday, March 3, 2015, 15:46
According to the latest Economic Insight report, private sector job creation and maintaining an inclusive labor market are crucial to achieve long term fiscal sustainability.
Last Updated: Sunday, March 1, 2015, 23:01
Iran said on Sunday that it was ready to cooperate with information technology (IT) companies like Google to facilitate their services in the country and the Persian Gulf region.
Last Updated: Tuesday, February 24, 2015, 08:53
BP Plc on Monday appealed a federal judge`s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines.
Last Updated: Thursday, February 12, 2015, 13:23
ICICI bank has tied up with UAE Exchange to offer an instant bank transfer service to the Indians residing in the Gulf nation.
Last Updated: Tuesday, February 10, 2015, 14:24
Standard and Poor's has lowered the outlook for the world's top oil exporter Saudi Arabia to negative and downgraded its Gulf partners Oman and Bahrain on sliding oil prices.
Last Updated: Wednesday, January 21, 2015, 22:54
The plunge in the oil price will cost the powerful energy exporters of the Gulf Cooperation Council around $300 billion, threatening to send many into budget deficits, the IMF reported Wednesday.
Last Updated: Tuesday, January 13, 2015, 14:29
The Middle East will need to invest around USD 18 billion over the next five years in new pipelines and associated infrastructure to ensure a high volume to weight ratio, according to a global energy agency.
Last Updated: Monday, January 12, 2015, 16:42
The United Arab Emirates (UAE) last week joined Kuwait and Iraq in pricing crude they sell to Asia below that of OPEC`s top producer Saudi Arabia.
Last Updated: Wednesday, January 7, 2015, 21:37
Qatar Airways chief Akbar Al-Baker boasted Wednesday that European carriers "cannot keep up" with competition from Gulf carriers, as his fast-growing airline welcomed the first Airbus A350 plane.
Last Updated: Tuesday, January 6, 2015, 22:42
Stock markets in the energy-rich Gulf states nosedived on Tuesday as oil prices slumped and global markets were dragged down by a gloomy outlook for crude.
Last Updated: Monday, December 22, 2014, 20:11
Private carrier Jet Airways Monday said it has concluded a five-year syndicated loan facility of USD 150 million (over Rs 950 crore).
Last Updated: Monday, December 22, 2014, 17:55
A supply glut, lower demand and the stronger US dollar have all contributed to pushing down oil prices, which have dropped nearly 50 percent since June to around $60 a barrel.
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