Gulf State Business

Saudi Arabia will establish a $1.1 billion fund to develop its venture capital industry and support the creation of small and medium-sized companies.

Published in Saudi Arabia

Economists have cut growth forecasts for most of countries of the Gulf as non-oil business activity slows because of government austerity measures.

Published in Saudi Arabia

Second-largest Gulf carrier previously held 15.7% in IAG.

Published in Qatar

Bahrain's top Shiite cleric went on trial Wednesday on charges of illegal fund raising and money laundering, judicial sources said, just weeks after the Sunni-ruled kingdom revoked his citizenship.

Published in Bahrain

A Kuwaiti court sentenced a Shiite lawmaker to 14 years and six months in absentia for remarks deemed highly offensive to fellow Gulf states Saudi Arabia and Bahrain.

Published in Kuwait

UAE has introduced a federal law banning the use of VPNs to try to avoid paying for expensive VOIP services.

Published in UAE

Files from the mid-1980s covering a business deal in Oman involving Mark Thatcher will now be kept secret for decades, the Cabinet Office has decided.

Published in Oman

The U.S. State Department has approved the sale of $785 million in bombs to the United Arab Emirates for the U.S.-led campaign against Islamic State militants in Syria and Iraq, the Pentagon said on Tuesday.

Published in UAE

The Abu Dhabi investment fund Ipic has said that it lost US$2.7 billion last year because of writedowns, low prices for resources and difficult market conditions.

Published in UAE

Combination aims to secure cost savings amid slump in oil prices.

Published in UAE

The contract for the Route 2020 project has been awarded by the Roads and Transport Authority to a consortium of French, Spanish and Turkish firms at a cost of Dh10.6 billion.

Published in UAE


Qatar's petroleum products marketing company is to be integrated within Qatar Petroleum (QP) by the end of 2016 as the country cuts costs at state-owned enterprises to contend with low oil prices and increased competition in energy markets.

Published in Qatar

Authorities on Friday freed Karim Wade, the son of Senegal's longtime former president, after he served half of his six-year sentence on charges of corruption and illegally accumulating a fortune of at least $200 million.

Published in Qatar

New election law bars those who insult God, prophets, Amir.

Published in Kuwait
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