Saturday 30 July 2016
 
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slump

Ooredoo Kuwait continues earnings slump

Mobile operator Ooredoo Kuwait reported a 28 per cent fall in second-quarter net profit on Monday, continuing its earnings slump as revenue fell. The subsidiary of Qatar's Ooredoo competes domestically with Zain and Saudi Tele

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Airlines exit Nigeria as economy hit by dollar shortage

International carriers may follow the example of United Airlines and Iberia and halt operations in Nigeria or cut flights as they struggle to move revenue out of the country because the oil-price slump has depleted the West African nation’

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Oil slump has uneven impact on prices at the pump

A dramatic drop in oil prices is translating into a mixed bag for motorists across the globe - from hefty savings at the pump in the United States to a rare fuel price hike in Venezuela.   Oil prices have dropped

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Shock slump across European industry bodes ill for 2016

Europe's top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum. Wednesday's industrial output d

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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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