Thursday 3 September 2015

Saudi Arabia 'considers 10pc spending cut'

According to Bloomberg, the Saudi government is conducting a review of capital spending plans with advisors, said an industry expert, adding that the government is looking to delay or shrink some infrastructure projects, and may be contemplating budget capex cuts of 10 per cent or more.


IFC gets top rating for $100m sukuk

The International Finance Corp (IFC), the World Bank's lender to the private sector, has received a preliminary AAA rating from Standard & Poor's for a proposed $100 million issuance of sukuk, or Islamic bonds. Proceeds of the sukuk would be used to purchase a portfol


Bahrain corporate earnings ‘set to grow 6pc this year’

Bahrain’s corporate earnings growth for the whole of this year is expected to be robust at six per cent, when compared with last year, according to a leading regional investment bank. In a report, the Kuwait Financial Centre said while UAE and Qatar are likely to see eight per cent and


Gold traders in Bahrain in private lab call

Gold traders in Bahrain are calling for private laboratories to be introduced amid claims that a backlog at the government’s Assay Office is hurting trade. A shortage of staff at the office, which falls under the Industry and Commerce Ministry, is to blame for the situation according to

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