Gulf economy's size is almost equal to India, Russia

The Gulf Cooperation Council economy, which is growing at around 5-6 per cent, is almost as strong as that of the Indian economy, industry experts have said."The GCC nominal gross domestic product......

Bahrain unrest gets to Indian banks

The escalating tensions in Bahrain following the recent unrest in West Asia and North Africa have prompted Indian banks to put on hold their expansion plans in the island nation. Bahrain has of......

S&P, Moody's downgrade 5 Dubai govt entities

The global rating agencies S&P and Moody's have downgraded the credit ratings for several government-related entities in Dubai on fears about the government's failure to provide timely financial......

SBI to open office in Dubai

State Bank of India plans to open its office in Dubai International Finance Centre in a few weeks, a move which will boost India's largest bank's presence in the Gulf region.SBI already operates in......