Qatar bank lending falls $4.2bn in Q1 - report
Banking & Finance
Qatar Central Bank figures reveal 7% drop in lending, compared to last quarter of 2008.
Kuwait real estate sales fall to 5 month low
Real Estate
National Bank of Kuwait report says 314 deals done in May, down 17% on previous month.
UK contractors in Dubai must be paid - UK trade minister
Construction & Industry
UK minister positive on long-term economic prospects for Dubai, UAE - paper.
Mideast tourist numbers drop in Jan-Apr - report
Travel & Hospitality
UAE bucked the regional trend with tourist growth of three percent - UN World Tourism body.
TALKING MARKET DOWNTOWN IN THE GULF
Will revaluation raise its head? |
![]() |
Is a merger best? |
![]() |
RELATED STORIES
Gov't rules still main barrier for Mideast journalists - survey
Region's reporters also say they are under more pressure amid collapse in ad revenues.
Kuwait wants oil price to remain above $60
Oil minister says Gulf state needs oil price at level for it to meet budget requirements.
UAE to publish jobs, credit data in transparency bid
Gov't-backed Emcredit says it will publish first report later this summer, more to come.
Qatar bank lending falls $4.2bn in Q1 - report
Qatar Central Bank figures reveal 7% drop in lending, compared to last quarter of 2008.
Kuwait real estate sales fall to 5 month low
National Bank of Kuwait report says 314 deals done in May, down 17% on previous month.
Football, TV stars set up firm backed by Mideast investors
Sir Alex Ferguson, Sir David Frost look to snap up real estate bargains in $1.6bn venture.
Gasoline prices down on demand concerns
ME gasoline prices fell nearly $3 this week as signs of a recovery in the global financial system looked dim.
Bahrainis show confidence in local economy - Minister
Commerce chief says locals pump 52% of investment into Gulf state.
Enrolment figures up despite UAE exodus fear - GEMS
EXCLUSIVE: Education major says pupil numbers for next term are up 5-12% on 2008.
GCC's financial sector recovery slows in June - Al Mal
Analysts say regional loan growth stalled amid fears over exposure to troubled Saudi firms.
Sorouh to revise payments for Gate Towers investors
Abu Dhabi developer says it will also meet investors to discuss possible price reviews.
Some GCC water treatment projects 'could be shelved'
Study shows slowdown in Gulf market amid global crisis but 2010 pick-up seen.
Gulf's largest bank raises $1.09bn
Emirates NBD in capital raising move in effort to meet minimum requirements of UAE central bank.
Investors fear UAE property market has yet to hit bottom
New investor confidence survey reveals only 19% believe recovery is beginning.
GCC has seen worst of global crisis - Algebra CEO
Company chief says banking resources more than enough to weather storm.
Kuwait sees sharp drop in oil exports to Japan
Most Gulf producers see supply to world's third largest consumer fall sharply in May - report.
Retail rents in Dubai fall 10% in Q1 - report
New research reveals rent drop amid continuing retail slowdown.
Mideast consumer confidence for H2 falls - survey
New poll of 2,600 people reveals sharp fall in confidence in most GCC countries.
Bahrain airport chief sees 25% fall in departures
Airport director says financial turmoil, swine flu to blame for sharp drop in passengers.
Saudi economy predicted to shrink by 1.2% in 2009
New report by Samba Bank says sharp slowdown in private sector activity to blame.
Mideast super rich curb travel in global crisis
Business jet firm says demand for flights down 20% in Q1 compared to same period in 2008.
Dubai house prices, rents rose in June - Deutsche Bank
Analysts say villa, apartment prices rose 6.5% compared to May, rents rose 1.1%.
UAE economic recovery seen in 2010 - analyst
Morgan Stanley says UAE economy may have reached 'bottom of downturn'.
Emaar in talks to protect shareholders amid merger move
Property giant in discussions with Securities and Commodities Authority.
Bahrain PM gives low income families power bill reprieve
Electricity supply should not be cut off amid payment problems, Premier says.
Top Bahrain banker sees economic crisis easing
Bahrain Association of Banks chairman says recovery on the way, sees no need to panic.
Saudi's foreign assets fall for sixth successive month
Rate of decline slows to just over 1%, down to $395bn, according to official data.
Luxury hotel announces rooms auction plan
Dubai's Monarch Hotel gives people chance to 'name your price' in bid to buck downturn.
Saudi credit falls further in May, M3 slows growth
Loans granted by Saudi banks to the private sector fell for a 3rd straight month.
UAE travellers moving towards no-frills carriers - study
More Sharjah residents opt to use budget carriers for leisure travel.
Is the worst of the global financial crisis over or is more bad news on the way?




