KUWAIT CITY // The UAE was chosen by the leaders of the Gulf Cooperation Council (GCC) yesterday to host a regional think tank for the study of common security threats. The announcement that the UAE will host the Gulf Academy for Strategic and Security Studies came on the second and final day of the 34th annual summit of GCC leaders and underscored their call for deeper military, economic and political cooperation between the regional bloc’s six member states. In addition to the establishment Read more [...]

Copying and distributing are prohibited without permission of the publisher December 11, 2013 - 18:06 GMT Location: London KEYWORDS: alba , project titan , Al Kooheji Aluminium Bahrain is on track to beat last year’s production record in 2013, board chairman Mahmood Hashim Al Kooheji said following the company’s last quarterly meeting for the year on Wednesday December Read more [...]

(The following statement was released by the rating agency) LONDON/PARIS, December 11 (Fitch) Fitch Ratings has upgraded Arab Banking Corporation's (ABC) Long-Term Issuer Default Rating (LT IDR) to 'BBB-' from 'BB+' and its Viability Rating (VR) to 'bbb-' from 'bb+'. At the same time Fitch has upgraded BBK B.S.C's (BBK) LT IDR to 'BBB' from 'BBB-' and revised its Support Rating Floor (SRF) to 'BBB' from 'BBB-'. The subordinated debt ratings of both banks have been upgraded by one notch, mirroring Read more [...]