Bahrain says Gulf shouldn't rush to revalue: report
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Gulf Arab countries should not rush to decide on revaluing their dollar-pegged currencies because volatility in the U.S. currency is normal, Bahrain's central bank governor is quoted by a magazine as saying.
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Bahrain's Shiite-led opposition lost a bid to gain control of parliament in runoff elections, Bahrain state-run television reported, citing official results.
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Saudi Crown Prince Abd Allah bin Abd al-Aziz will not attend the forthcoming Gulf Cooperation Council summit in Bahrain amid growing intra-Gulf differences on free trade, according to officials.
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SAUDI minister Ali al-Naimi sought to take some of the heat out of the oil market, by promising that his Kingdom could pump an extra 1.5m barrels a day &#39;immediately&#39; if demand increases.
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MANAMA, 21 December 2004 - Saudi Arabia yesterday called on Gulf leaders to strengthen their ties and unite their voices. âWe (the Gulf leaders) meet under one roof in Manama in disturbing regional and
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OPEC kingpin Saudi Arabia on Monday hinted the cartel would not raise either its official production rate or the price band at a ministerial meeting, as the oil price had stabilised.
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Major Gulf oil producer Kuwait will back a hike of 1 million barrels per day in OPEC&#39;s output ceiling if crude prices remain at record levels, a move
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Pro-Western Gulf Arab states meeting for a summit in Bahrain hope that Iraq's elections will produce a broad-based government, their host said Monday.
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URGENT action is needed to ensure sky-high oil prices do not derail the global economic recovery, the International Monetary Fund said yesterday.
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SHARM EL-SHEIKH, Egypt  - Arab delegations to an  international conference on Iraq said on Monday it might turn  out better to delay Iraqi elections beyond January to ensure  full participation.
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LONDON  - Red-hot oil prices during 2004, stoked by a surge in global demand and worries about disruptions to supplies, are not harming world economic growth, Saudi Arabia&#39;s oil minister Ali al-Nuaimi insisted.
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MANAMA, Bahrain -- Friction between Sunni and Shiite Muslims in this strategic Persian Gulf kingdom, which is holding its second parliamentary elections in three decades, has clouded the voting set here for Saturday.
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Leaders from the six Gulf Arabcountries decided Tuesday to put aside differences over a recent Bahrain-US free trade agreement and expressed determination to head toward economic integration.
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Initially criticized for a weak response, Gulf states have increased giving as much as 100-fold.
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OPEC oil producers are unlikely to change output quotas at their December 10 ministerial meeting and have no need yet to rein in a supply surge that has begun to ease record prices, Nigeria's top oil official said on Saturday.
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JEDDAH: Oil-rich Gulf Arab states need to tackle the growing challenge of unemployment and step up efforts towards their goal of a monetary union, the head of the International Monetary Fund said on Saturday.
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Major Gulf producer Kuwait will back a hike of 1 million barrels per day in OPEC&#39;s output ceiling if oil prices stay at record levels, a move that