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GCC nationals get ‘much support’ from government

GCC residents feel that they are given generous support by their governments, a ‘Nationalisation in the GCC’ poll conducted by Bayt.com, the region’s number one job site, has revealed.

Gulf investors dominate Turkish sukuk issues

A $500 million sukuk from Turkiye Finans this week was just the latest in a flood of international debt issues from Turkey. But the identity of the arranging banks, and the investors who bought the issue, pointed to a shift in capital markets.

Abu Dhabi plans Dubai-style financial free zone

The oil-rich emirate of Abu Dhabi is putting finishing touches to plans to establish a financial free zone that could resemble, and therefore compete with, the Dubai

Oil slips towards $103 on tepid growth outlook

Brent crude oil slipped towards $103 per barrel on Monday as a shaky outlook for growth in the world's biggest oil consumers, the US, Europe and China, encouraged commodities markets to consolidate.

Qatar tops region in individual net worth

The global net worth per adult in Qatar stands at $145,596, marking the highest among the GCC countries, according to Credit Swiss Bank Global Wealth Report 2013.

Gulf markets upbeat on banks’ Q1 results

Gulf investors' focus will remain fixed on corporate first-quarter earnings on Sunday, said experts.

Saudi, Kuwaiti women among biggest buyers of Maserati cars

They’re not allowed to drive but Saudi Arabian women buy more of the exclusive sports car Maserati than female drivers from other countries, the Italian brand claims.

UK’s priciest home goes on sale for $380m

18 Carlton House Terrace, London, is said to be currently owned by a member of the Saudi Arabian royal family.

Qatar’s Ooredoo denies talks on Anfield naming rights

Ooredoo, the Qatari telecoms giant formerly known as Qtel, on Monday denied media reports it is in talks with Liverpool Football Club for naming rights to

Dubai’s MAF in talks on Egypt retail deal

Dubai retail firm Majid Al Futtaim (MAF) is in advanced discussions to buy Egypt's largest supermarket chain from family-owned Mansour Group, two sources 

US nears $10bn arms pact with Saudi, UAE

The US is finalizing a complex $10 billion arms deal that would strengthen two key Arab allies while maintaining Israel's military edge, defence officials said ahead of

IMF, Egypt hope to reach deal ‘in coming weeks’

The International Monetary Fund and Egyptian officials said they were working to reach a deal on a proposed $4.8 billion loan in "coming weeks," citing progress
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