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Bahrain

Revealed: top co-working spaces in the Gulf

Demand for co-working spaces is on the rise in the Gulf as business communities evolve to support the shift towards knowledge-based economies and nurture a new generation of startups driving a different way of working. Spaces are opening up across the region to accommodate a different breed of worker that prioritises flexibility, low rates and […]

Citi to sell Bahrain consumer business

Citigroup Inc agreed to sell its consumer banking business in Bahrain to Ahli United Bank (AUB) for an undisclosed sum, the US bank said, as it exits retail operations in 13 markets across the globe. The deal includes Citi’s retail banking, credit card and unsecured lending businesses in Bahrain but excludes institutional businesses. Citi said […]

Musk’s Twitter free speech promise may be tested in Middle East

In a region where the local media is often controlled by the state, millions of people rely on social media platforms to follow news and express their opinions. Both Twitter and Facebook showed their potential to influence real-life events during the 2011 Arab Spring uprisings, when they played an outsize role in social upheaval. But […]

Oil drives rise in Gulf stock markets

Major Gulf bourses closed higher on Wednesday, with a rise in oil prices driving the Saudi index up more than one per cent, while geopolitical tensions weighed on sentiment in Egypt. Oil prices rose 1.4 per cent on a drop in US oil inventories and concern over tighter supplies from Russia and Libya. Saudi Arabia’s […]