Bahrain`s Gulf Air to buy up to 50 Airbus planes: Minister

Last Updated: Tuesday, September 8, 2015, 22:50

Bahrain`s national carrier Gulf Air is planning to buy up to 50 Airbus aircraft, the country`s Information Minister Isa Abdulrahman Al Hammadi told AFP Tuesday.

Doha Bank ties up with Anil Ambani's Reliance Group

Last Updated: Monday, September 7, 2015, 14:46

Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman are part of the Gulf Cooperation Council (GCC).

Vistara appoints GSA for Gulf

Last Updated: Sunday, August 30, 2015, 18:12

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

Last Updated: Saturday, August 29, 2015, 03:34

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

Last Updated: Sunday, August 23, 2015, 20:49

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.

Asset firm launches $250 mn fund for investments in India

Last Updated: Monday, August 17, 2015, 15:44

An Indian asset management firm has launched a USD 250 million realty fund for Gulf investors to develop mid-income residential properties in India.

Emirates announces `world`s longest` flight to Panama

Last Updated: Thursday, August 13, 2015, 17:42

The carrier will fly daily to Panama`s capital in a passenger flight operated by a Boeing 777-200LR aircraft which can also carry up to 15 tonnes of cargo, Emirates said in a statement.

Iran promises licence to India for developing Farzad gas field

Last Updated: Wednesday, August 12, 2015, 23:41

Iran has promised India the licence to develop ONGC-discovered Farzad-B gas field in the Persian Gulf and has asked the state-owned firm to submit an investment plan, an executive said Wednesday.

The 26th Gulf Monsoon Scooter Rally sees Shamim Khan emerge as the champion yet again

Last Updated: Wednesday, August 12, 2015, 16:53

Amidst intermittent rain-showers that made the dirt tracks of Navi Mumbai all the more arduous, the 26th Gulf Monsoon Scooter Rally saw Nashik’s Shamim Khan win the rally for a fourth time.

Discussion with Qatar Airways on marketing collaboration only: IndiGo

Last Updated: Wednesday, July 29, 2015, 19:40

No-frills carrier IndiGo on Wednesday said it is in preliminary discussions with Qatar Airways to explore a marketing collaboration but termed as "baseless" reports of the airline offloading stake to the Gulf carrier.

In talks with IndiGo, not SpiceJet, says Qatar Airways

Last Updated: Tuesday, July 28, 2015, 18:36

Gulf carrier Qatar Airways on Tuesday said it is in talks with IndiGo, the largest Indian airline by market share and set to rest speculations that it is looking for a partnership with SpiceJet.

BP misses second-quarter profit forecast on spill charge

Last Updated: Tuesday, July 28, 2015, 13:07

The company also lowered its expected full-year organic capital spending to below $20 billion after cutting it by 13 percent earlier this year as the industry continues to grapple with low oil prices.