Officials of the six-nation Gulf Cooperation Council agreed at the weekend to keep working towards the introduction of a value-added tax around the region, in a sign that low oil prices may be strengthening support fo...
Gulf petrochemical and chemical exports exceeded 65 million tonnes last year, in comparison to less than 36 million tonnes in 2006, according to an expert. Mohammad Husain, president and chief executive officer, Equat...
One of the United Arab Emirates’ (UAE) most prominent businessmen is leading calls for regulations across the Gulf Arab region to smooth the transfer of ownership of family businesses after the death of the foun...
The GCC consulting market grew by more than 15% to $2.5 billion in 2014. This means the market has expanded by more than billion in just three years, an amount that is roughly equivalent to that of the entire consulti...
Bahrain and other Gulf countries are facing a brain drain in the energy industry, with fewer young people seeking jobs in the field. Energy Minister Dr Abdulhussain Mirza said more needed to be done to attract young p...
The Gulf Cooperation Council (GCC) countries such as Oman and Qatar are facing considerable pressure from the slump in oil prices, as they are heavily dependent on oil and gas revenues, a new report said. Oil prices h...
Kuwait-based Qurain Petrochemical Industries Company (QPIC) has announced that its vice chairman and CEO, Sadoun Ali, was named one of the region’s most successful business leaders in the “Top CEO 2015” event that too...
Recently released stats expose the effects of the plunge in oil prices on the fiscal systems of the Gulf Cooperation Council (GCC) economies. However, it is fair to claim that the Gulf countries at large are demonstra...
Kuwait pays great attention towards the environmental development and the management of power sources, said Kuwaiti Ambassador to Italy Shaikh Ali Al Khalid Al Jaber Al Sabah on Sunday. The diplomat’s remarks were mad...
Of the Gulf Cooperation Council (GCC) member-states, the UAE stands out for being a major contributor to enhancing the Egyptian economy. By one account, the UAE has extended financial assistance in excess of $14 billi...