Thursday 25 August 2016
 
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‘Young middle class lose out most from deflation’

Young middle class people who borrow to buy homes stand to lose out most from falling prices, a study published by the European Central Bank found on Friday, when tracking the impact of deflation on the burden of debt.  

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Bahraini women may lose jobs after budget cuts

Women hired under a graduate recruitment scheme in Bahrain face losing their jobs because of budget constraints, according to a senior unionist. The General Federation of Bahrain Trade Unions (GFBTU) has received several complaint

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Hopes dim for travel ban man in Bahrain

A father of three who has been detained in an immigration jail for almost six months says he is losing hope of ever returning home to his family.   The 34-year-old says he is desperate to go back to the Philippin

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Saudi man loses record weight in 4 months

A young Saudi man from Jazan has set a record by losing 320 kg in just four months, said a report. Khaled Mohsen Al-Shaeri, who was suffering from extreme obesity, has cut down his weight from 610 kg to 290 kg, following a special

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Russia, China 'may lose key Libya deals'

Italian oil company Eni led the charge back into Libya on Monday as rebels hailing the end of Muammar Gadaffi's rule warned Russian and Chinese firms that they may lose out on lucrative oil contracts for failing to support the rebellion.

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Russia, China 'may lose key Libya deals'

Italian oil company Eni led the charge back into Libya on Monday as rebels hailing the end of Muammar Gadaffi's rule warned Russian and Chinese firms that they may lose out on lucrative oil contracts for failing to support the rebellion.

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Arabs 'lost $2.5 trillion in financial meltdown'

Arab nations have lost a whopping $2.5 trillion in four months because of the global financial meltdown, said a news report citing Kuwait’s foreign minister. The crisis has led to 60 per cent of development projects in the Gulf region bein

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US banks lose billions as state aid pours in

Hours after taking $20 billion in new state cash, Bank of America and recent addition Merrill Lynch revealed they had lost almost as much last quarter, while Citigroup also made thumping losses. Bank of America lost $1.79 billion in the fo

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India ship owners lose millions over piracy fears

Indian shipping firms are losing hundreds of thousands of dollars every month as fears of piracy in the Gulf of Aden hold up ships and delay consignments, officials said. Around 20 foreign ships, including the India-bound MT Stolt Valor, a

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Software piracy costing $27m

Computer software companies lost around $27 million (BD10.2 million) last year as a result of piracy in Bahrain, according to a new study. That was up from $23 million (BD8.6 million) in 2006, making it the single largest increase in the v

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