Saturday 30 July 2016
 
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Airfare cuts planned for Saudia

Air fares for Saudi Arabian Airlines (Saudia), the kingdom's national carrier, could be reduced under government proposals, said a report. The Transport and Communications Committee at the Shoura Council is to discuss the pros

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Egypt to cut gas supplies to industry in August

Egypt will divert natural gas supplies away from industry in August to meet increased demand from electric power plants, an official at the country's state gas board EGAS told Reuters on Monday. Natural gas shortages have in t

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Egypt approves growth plan, deficit-cutting budget

Egypt's President Abdel Fattah Al-Sisi has approved the 2016-2017 draft budget, as well as an economic development plan, and sent both to parliament for passage, state news agency Mena said.   The draft budge

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Saudi Arabia ‘not prepared’ to cut oil production

Saudi Arabia is "not prepared" to cut oil production, Agence France-Presse reported, quoting the Saudi foreign minister Adel Al-Jubeir.   "If other producers want to limit or agree to a freeze in t

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Robotic surgery ‘can cut obesity’ in Bahrain

Bahrain’s obesity rate could be trimmed down by as much as 30 per cent if more people opted for robotic weight-loss surgery, according to a visiting expert. Surgical gastroenterologist and bariatric surgeon Dr Prasad Krishnan said the pr

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Oil heads for weekly gain on supply cut deal hopes

Oil edged up above $34 a barrel on Friday, a gain of some 25 per cent from the 12-year lows seen earlier in January, on hopes that a deal between major exporters to cut production could help reduce one of the worst oil gluts in history.

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Oil climbs on hopes for output cut, dollar slips

Crude oil prices rose to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested.

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Russia ‘ready to discuss’ oil output cuts

Russia's oil industry has argued for years that it cannot cut output to support falling global prices for purely technical reasons; in reality it can - as long as it has the political will.   The days that ol

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Projects shelved in Bahrain to cut spending

Public projects worth millions of dinars in Bahrain’s Capital Governorate have been shelved in an attempt to cut government spending. Members of the Capital Trustees Board said the projects, which include public parks and walkways, were

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Projects shelved in Bahrain to cut spending

Public projects worth millions of dinars in Bahrain’s Capital Governorate have been shelved in an attempt to cut government spending. Members of the Capital Trustees Board said the projects, which include public parks and walkways, were

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