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
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
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
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.
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
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
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.
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.
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
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).