Gulf Business http://gulfbusiness.com Thu, 26 Mar 2015 13:06:28 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.5 Gulf Markets, Economies Can Cope With Escalating Yemen Conflict http://gulfbusiness.com/2015/03/gulf-markets-economies-can-cope-escalating-yemen-conflict/ http://gulfbusiness.com/2015/03/gulf-markets-economies-can-cope-escalating-yemen-conflict/#comments Thu, 26 Mar 2015 12:44:28 +0000 http://gulfbusiness.com/?p=66415 The conflict could pose a domestic security challenge for Saudi Arabia, and deny Dubai and Oman the economic benefits of rapprochement with Iran.

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Germanwings Co-Pilot Likely Crashed Jet Deliberately -Prosecutor http://gulfbusiness.com/2015/03/germanwings-co-pilot-likely-crashed-jet-deliberately-prosecutor/ http://gulfbusiness.com/2015/03/germanwings-co-pilot-likely-crashed-jet-deliberately-prosecutor/#comments Thu, 26 Mar 2015 12:03:38 +0000 http://gulfbusiness.com/?p=66410 The pilot, left in sole control of the aircraft after the captain left the cockpit, refused to open the door and pressed a button that sent the jet into its fatal descent.

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Kuwait Raises Security At Oil Facilities Due To Yemen Strikes – KUNA http://gulfbusiness.com/2015/03/kuwait-raises-security-oil-facilities-due-yemen-strikes-kuna/ http://gulfbusiness.com/2015/03/kuwait-raises-security-oil-facilities-due-yemen-strikes-kuna/#comments Thu, 26 Mar 2015 11:57:18 +0000 http://gulfbusiness.com/?p=66408 These measures include "securing all industrial safety and security requirements and raising the level of security measures of oil installations.

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Iran Demands Immediate Halt To Military Actions In Yemen http://gulfbusiness.com/2015/03/iran-demands-immediate-halt-military-actions-yemen/ http://gulfbusiness.com/2015/03/iran-demands-immediate-halt-military-actions-yemen/#comments Thu, 26 Mar 2015 11:49:23 +0000 http://gulfbusiness.com/?p=66405 Saudi's regional foe Iran has called a halt to the "military aggression" in Yemen.

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U.S. Commends Saudi-Led Military Action Against Yemen’s Houthis http://gulfbusiness.com/2015/03/u-s-commends-saudi-led-military-action-yemens-houthis/ http://gulfbusiness.com/2015/03/u-s-commends-saudi-led-military-action-yemens-houthis/#comments Thu, 26 Mar 2015 11:37:07 +0000 http://gulfbusiness.com/?p=66403 Gulf countries' operations have received open support from the West.

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Saudi Suspends Flights At Southern Airports Amid Yemen Strikes http://gulfbusiness.com/2015/03/saudi-suspends-flights-southern-airports-amid-yemen-strikes/ http://gulfbusiness.com/2015/03/saudi-suspends-flights-southern-airports-amid-yemen-strikes/#comments Thu, 26 Mar 2015 09:39:26 +0000 http://gulfbusiness.com/?p=66379 The airports affected include Jizan, Abha and Wadi al- Dawaser, the General Authority of Civil Aviation said.

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Borse Dubai Rules Out Nasdaq OMX Group Stake Sale http://gulfbusiness.com/2015/03/borse-dubai-rules-nasdaq-omx-group-stake-sale/ http://gulfbusiness.com/2015/03/borse-dubai-rules-nasdaq-omx-group-stake-sale/#comments Thu, 26 Mar 2015 08:00:42 +0000 http://gulfbusiness.com/?p=66377 The company earlier confirmed it had sold its complete 17.4 per cent stake in the London Stock Exchange (LSE).

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Pakistan Says Considering Saudi Request For Troops For Yemen http://gulfbusiness.com/2015/03/pakistan-says-considering-saudi-request-troops-yemen/ http://gulfbusiness.com/2015/03/pakistan-says-considering-saudi-request-troops-yemen/#comments Thu, 26 Mar 2015 07:58:27 +0000 http://gulfbusiness.com/?p=66375 The decision to send troops to Yemen to support the Gulf states' operation is being examined by Pakistan, an official said.

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Borse Dubai Says Sold Complete Stake In London Stock Exchange http://gulfbusiness.com/2015/03/borse-dubai-says-sold-complete-stake-london-stock-exchange/ http://gulfbusiness.com/2015/03/borse-dubai-says-sold-complete-stake-london-stock-exchange/#comments Thu, 26 Mar 2015 07:55:08 +0000 http://gulfbusiness.com/?p=66373 The firm had been the biggest single shareholder in the LSE prior to the sale.

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Jordan Participates In Saudi-Led Operation In Yemen – Official http://gulfbusiness.com/2015/03/jordan-participates-saudi-led-operation-yemen-official/ http://gulfbusiness.com/2015/03/jordan-participates-saudi-led-operation-yemen-official/#comments Thu, 26 Mar 2015 07:52:35 +0000 http://gulfbusiness.com/?p=66371 Jordan has close ties to the Gulf states and depends heavily on regional heavyweight Saudi Arabia for shoring up its economy.

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Saudi’s Almarai Says Gets $67m Compensation For Bakery Fire http://gulfbusiness.com/2015/03/saudis-almarai-says-gets-67m-compensation-bakery-fire/ http://gulfbusiness.com/2015/03/saudis-almarai-says-gets-67m-compensation-bakery-fire/#comments Thu, 26 Mar 2015 07:11:29 +0000 http://gulfbusiness.com/?p=66367 The fire in October 2014 caused "significant" damage at one of Almarai's bakeries in Jeddah, the company said at that time.

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Abu Dhabi Airports Chief Tony Douglas Steps Down http://gulfbusiness.com/2015/03/abu-dhabi-airports-chief-tony-douglas-steps/ http://gulfbusiness.com/2015/03/abu-dhabi-airports-chief-tony-douglas-steps/#comments Thu, 26 Mar 2015 07:02:27 +0000 http://gulfbusiness.com/?p=66363 Authorities said the CEO's departure would not affect the Midfield Terminal expansion.

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Stock News: Gulf Markets Sink After Yemen Intervention; Dubai Worst Hit http://gulfbusiness.com/2015/03/stock-news-yemen-fighting-may-keep-gulf-investors-nervous/ http://gulfbusiness.com/2015/03/stock-news-yemen-fighting-may-keep-gulf-investors-nervous/#comments Thu, 26 Mar 2015 06:10:51 +0000 http://gulfbusiness.com/?p=66358 Dubai's index, which is the most volatile in the region because of leverage and the dominance of short-term investors, tumbled 5.1 per cent.

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Dubai Launches Second Phase Of Healthcare City Project http://gulfbusiness.com/2015/03/dubai-launches-second-phase-healthcare-city-project/ http://gulfbusiness.com/2015/03/dubai-launches-second-phase-healthcare-city-project/#comments Thu, 26 Mar 2015 05:41:06 +0000 http://gulfbusiness.com/?p=66352 The project, built at a cost ranging between Dhs3 billion and Dhs5 billion, will spread across 22 million square feet in the Jadaf area.

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U.S. Authorizes Logistical, Intelligence Support To Saudi Operation In Yemen http://gulfbusiness.com/2015/03/u-s-authorizes-logistical-intelligence-support-saudi-operation-yemen/ http://gulfbusiness.com/2015/03/u-s-authorizes-logistical-intelligence-support-saudi-operation-yemen/#comments Thu, 26 Mar 2015 05:03:12 +0000 http://gulfbusiness.com/?p=66350 A Joint Planning Cell has been established with Saudi Arabia to coordinate U.S. military and intelligence support, White House said.

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Saudi Arabia, Allies Launch Air Campaign In Yemen Against Houthi Fighters http://gulfbusiness.com/2015/03/saudi-arabia-allies-launch-air-campaign-yemen-houthi-fighters/ http://gulfbusiness.com/2015/03/saudi-arabia-allies-launch-air-campaign-yemen-houthi-fighters/#comments Thu, 26 Mar 2015 04:50:06 +0000 http://gulfbusiness.com/?p=66346 A widening Yemen conflict could pose risks for global oil supplies, and Brent crude oil prices shot up nearly six per cent soon after the operation began.

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Kuwait Commerce Minister Resigns, Second Cabinet Member This Month http://gulfbusiness.com/2015/03/kuwait-commerce-minister-resigns-second-cabinet-member-month/ http://gulfbusiness.com/2015/03/kuwait-commerce-minister-resigns-second-cabinet-member-month/#comments Thu, 26 Mar 2015 04:30:27 +0000 http://gulfbusiness.com/?p=66343 Local media said the resignation came as a member of parliament had demanded to question the minister for allegedly failing to protect the rights of small shareholders.

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Borse Dubai Selling Stake In London Stock Exchange -Source http://gulfbusiness.com/2015/03/borse-dubai-selling-stake-london-stock-exchange-source/ http://gulfbusiness.com/2015/03/borse-dubai-selling-stake-london-stock-exchange-source/#comments Thu, 26 Mar 2015 04:20:18 +0000 http://gulfbusiness.com/?p=66341 Bank of America, Barclays and Nomura are joint bookrunners on the stake sale, which is worth around 1.5 billion pounds.

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Saudi Hardware Retailer SACO To Launch Share Sale In April http://gulfbusiness.com/2015/03/saudi-hardware-retailer-saco-launch-share-sale-april/ http://gulfbusiness.com/2015/03/saudi-hardware-retailer-saco-launch-share-sale-april/#comments Thu, 26 Mar 2015 04:15:43 +0000 http://gulfbusiness.com/?p=66339 Subscription for the initial public offering will open on April 22 and run until April 28.

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Kuwait’s KIPCO Says OSN Core Asset As Targets Double Profits By 2018 http://gulfbusiness.com/2015/03/kuwaits-kipco-says-osn-core-asset-targets-double-profits-2018/ http://gulfbusiness.com/2015/03/kuwaits-kipco-says-osn-core-asset-targets-double-profits-2018/#comments Thu, 26 Mar 2015 04:10:29 +0000 http://gulfbusiness.com/?p=66337 The company plans to achieve its 2018 profit target through earnings growth "across our core companies, particularly those in the financial services and media sectors".

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