Gulf

Major stock markets in the Gulf tumbled on Monday, tracking Asian shares lower on fears that the US could be heading for recession, while concerns about a widening conflict in the region added to the worries. The US unemployment rate…
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The Gulf region’s luxury sector is growing twice as fast as the global industry, reaching $12.5 billion in 2023, driven by strong macroeconomics and flourishing tourism, a new report revealed. According to the findings by luxury goods…
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An initiative by the Eastern Province municipality has been launched to improve traffic flow on the Gulf Road in Saihat, Qatif. The road is a crucial artery, linking several key commercial and high-traffic areas. The project will…
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Growth of the Gulf economies is projected to pick up from September thanks to anticipated interest rate cuts and an increase in oil output, according to new data. In its latest Middle East and North Africa Gross Domestic Product report,…
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The Gulf real estate sector is set to witness growth in the first half of 2024, driven by increasing demand and supporting government policies, according to a report. The Kuwait Financial Centre, also known as Markaz, recently released a…
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Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars, the energy regulator said on Tuesday. The East African nation entered the deal with Saudi Aramco, Abu Dhabi National…
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The US is sending additional warships and thousands of marines to the Middle East to increase security in the wake of Iranian attempts to seize commercial ships there. Defense Secretary Lloyd Austin on Thursday approved the deployment of…
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The former foreign minister of Italy and ex-leader of the Five Star Movement Luigi Di Maio has been appointed as the EU’s special envoy for the Gulf region, sources said on Sunday. Josep Borrell, the High Representative of the EU for…
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The President of the UAE, Sheikh Mohammed bin Zayed, and his deputy, the ruler of Dubai, Sheikh Mohammed bin Rashid, sent a cable of condolences to Saudi King Salman bin Abdulaziz. And the Emirates News Agency, WAM, reported that Sheikh…
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Gulf nations stand united on the issue of the conflict between Russia and Ukraine, according to Saudi Arabia’s foreign minister, Prince Faisal bin Farhan. “Our stance as Gulf countries regarding the Russian-Ukrainian crisis is unified,”…
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