Economics and Policy
Kuwait’s government plans to form a special committee to review subsidies on goods and services which are costing the Gulf Arab state more than $15.9 billion a year.
Subsidised petrol and electricity programmes are causing a huge waste of energy across the Gulf and threatening economies, Oman's oil and gas minister has said.
Companies and Business
Emad Mansour, a veteran Gulf Arab banker, is planning to set up an investment bank in Dubai’s tax-free financial zone, he said Sunday, joining a list of regional bankers taking advantage of a revival in deal making and a retreat by big investment banks.