Saudi market reforms invite access to oil growth

<p>Saudi Arabia’s decision to open up its stock market to foreign investors should direct further inflows into the region’s biggest and most active stock market next year, helping propel the kingdom further down a path of economic reform. </p>.... Read more »

Posted on : 7/29/2014

Oil suppliers quick to counter Iraqi uncertainty

<p>Events seldom unfold in isolation and the recent surge in sectarian violence in Iraq appears to be leading to some shifts in Asian crude oil markets. Two things stand out as recent developments; firstly the increasing supply from Iran and secondly the reduction in the official selling price of Saudi Arabia’s main crude grade for Asian refiners.</p>.... Read more »

Posted on : 7/9/2014

India, UAE discuss strategic oil storage lease - sources

<p>New Delhi: India is in talks to lease part of its planned strategic storage to UAE’s’ state oil company Adnoc, two government sources said, as New Delhi moves to protect its economy against crude price shocks and supply disruptions.</p>.... Read more »

Posted on : 7/9/2014

Google 'trying to be more like Apple'

<p>San Francisco: “The Google empire is trying to grow,” Gartner consumer technology research director Brian Blau said on the sidelines of the keynote presentation.</p>.... Read more »

Posted on : 6/26/2014

Star Alliance to decide on Air India on Monday

<p> New Delhi: The top brass of Star Alliance will meet in London on Monday to decide on Air India’s induction into the 26-member global airlines’ grouping which could give the national carrier’s passengers the facility of seamless travel to over 1,200 destinations.</p>.... Read more »

Posted on : 6/22/2014

Oil price risks put inflation back in focus

<p>Brussels: Iraq will be foremost in investors’ minds in the coming week as oil price risk has returned to markets, complicating the task for central banks whose policies are beginning to diverge for the first time since the global financial crisis.</p>.... Read more »

Posted on : 6/22/2014

Inflation is the biggest threat to Indian financial markets

<p>Dubai: The new government in India needs to urgently address inflation to stabilise the economic growth and sustain the overall positive sentiment on economy and financial markets, said Anoop Bhaskar, Head of Equities, UTI Asset Management Company in an interview with Gulf News.</p>.... Read more »

Posted on : 6/22/2014

Global shares rally as Sensex hits new record

<p>Dubai: Equity markets across the developed world gained yesterday on strong first quarter corporate earnings and improving macroeconomic data, while in Asia and the Gulf region, markets gained on reasons ranging from election results India to an upgrade of the UAE and Qatar markets to Emerging Markets by MSCI.</p>.... Read more »

Posted on : 5/13/2014

Dubai's hotel revenue expected to grow by 6.5 per cent in 2014

<p> Dubai: Revenue per available room (RevPAR- a benchmark for performance) in hotels across Dubai, Abu Dhabi, Doha, Jeddah, Muscat and Riyadh are expected to grow this year and in 2015, according to a report by PwC.</p>.... Read more »

Posted on : 5/13/2014

Oman to enforce two-year ban on expat workers

<p>Royal Oman Police said expats would not be issued fresh employment visas if they did not complete two years in a company.</p>.... Read more »

Posted on : 5/13/2014