Sunday 7 February 2016
 
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slump

Oil slump impact in focus at IISS debate

Diversifying regional economies in the wake of slumping oil prices dominated a debate held at the International Institute for Strategic Studies (IISS) yesterday (February 3). National Oil and Gas Authority (Noga) chief executive Shaikh Mohamme

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Bahraini butchers shut shops as meat sales slump

Butchers across Bahrain have shut down stalls and laid off staff as business continues to decline. Following the lifting of government subsidies on meat on October 1, many butchers reported a dramatic drop in sales, but three months on, most s

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Bahraini newspapers ‘battling advertising slump’

Newspapers in Bahrain are grappling with one of the worst advertising slumps in their history and tough measures might be required unless the economy revives, a leading publisher has warned. Editor-in-Chief of the Gulf Daily News’ (G

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Asia stocks head for weekly loss, China yuan hits low

Asian shares slumped on Friday, on track for a weekly loss as plunging crude prices heightened fears about receding global growth, while China's yuan hit its weakest level in more than four years.   A supply

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Oil price slump takes toll on Bahrain’s spending

The extended slump in oil prices is taking its toll on Bahrain’s spending policies, said the Premier yesterday (November 16). Responding to low prices which are squeezing state revenues, he urged a conservative financial policy to withst

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Bahrain PM calls for blueprint to fight oil slump

Bahrain’s Premier has called for a new national agenda to withstand financial fallout of shrinking oil revenues. The roadmap will enable Bahrain to adapt to the oil price slump, rationalise government spending and boost non-oil revenues

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Gold faces longest weekly losing run since 1999

Gold steadied near a 5-1/2-year low on Friday and was on track to show a loss for the seventh week in a row, its longest such slump since 1999, ahead of US data that may determine how soon the Federal Reserve raises interest rates.

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As oil falls below $50, analysts eye "mid-price" era

A slump in oil below $50 a barrel - a level it has held above for most of the past decade - has raised the prospect of a new era of lower prices, although a return to super-cheap oil seems unlikely.   Prices belo

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Low price signals longer-lasting retrenchment for oil industry

The slump in crude prices has jolted the oil industry into deep cost cutting which, unlike the previous downturn, could last for a few years at least. After overspending by the industry during the boom years, the collapse in prices in t

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Bahrain's banking liquidity remains strong

Commercial bank lending in Bahrain is expected to pick up after a slump, and the plunge of oil prices is not hurting liquidity in the banking system, Central Bank of Bahrain Governor Rasheed Al Maraj said yesterday (February 24).

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