Kerry to discuss Yemen, Syria with Gulf states

Kerry to discuss Yemen, Syria with Gulf states

US Secretary of State John Kerry will present proposals on ending Yemen's conflict and resuming peace talks in meetings with Saudi leaders over the next two days, a senior US official said on Wednesday.

Abu Dhabi lays off staff as austerity tightens

Abu Dhabi lays off staff as austerity tightens

Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf states are hunkering down for a long period of austerity as low crude prices pressure their economies.

Gulf states urged to rely on own abilities

Gulf states urged to rely on own abilities

It is high time the Gulf states relied on their own abilities and strengths and above all became more realistic in their relations with the US, a former member of the Saudi Arabian Shura Council has said.

Gulf subsidy reforms not enough to plug deficit: Moody's

Gulf subsidy reforms not enough to plug deficit: Moody's

Fuel subsidy reforms by Gulf states will help reduce pressure on budgets but are not enough to offset deficits resulting from low oil prices, ratings agency Moody's said.

Gulf markets plunge as oil, global stocks tumble

Gulf markets plunge as oil, global stocks tumble

Share prices in the Gulf states fell sharply as oil dived to an 11-year low and China triggered a global markets rout.