The decision follows the ruling of an Indian court to cancel 122 telecoms licences in the country amid a corruption scandal.
The region’s trade with Russia, India and China is set to grow much faster than trade with developed economies.
Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.
The two companies are in negotiations to build a methanol complex in Trinidad and Tobago.
The Bahraini telecoms operator will receive $174.5 million, the same amount that it paid to purchase the stake in the Indian firm.
Saudi Arabia might increase crude oil supplies to South Korea as Seoul looks for alternatives to Iranian oil.
The country is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said.
The country’s first trade deficit since 1980 raises questions how Japan will finance its huge public debt.
Amid the Dubai real estate meltdown, UAE contractor Drake & Scull International is chasing growth in Saudi Arabia and Asia.