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Dubai to run ‘Super Sale’ from May 18-20

  DUBAI / Emirates Business Retail therapy starts early this summer in Dubai with the 3-day Super Sale, a new citywide retail initiative that will offer shoppers the opportunity to pick up amazing deals across a range of merchandise at participating outlets from May 18-20. Organised by the Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of ...

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Saudi Arabia, Russia signal oil-cuts extension into 2018

  Bloomberg Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling down on an effort to eliminate a supply surplus just as its impact on prices wanes. In separate statements just hours apart on Monday, the world’s largest crude producers said publicly for the first time they would consider prolonging their output reductions for longer than ...

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Bahrain foreign currency reserves tumble 11%

  Bloomberg Bahrain’s foreign-currency reserves tumbled 11 percent in February, extending a decline that has fueled speculation that the island kingdom would either tap international bond markets soon or seek financial support from other Gulf Arab monarchies. Net foreign assets dropped to 645.2 million dinars, from 725.9 million dinars in January, according to central bank data released on Sunday. Overall, ...

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