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Rising oil prices throw lifeline to shale producers

Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the first time since mid-December following the largest and most sustained rally in prices since the oil slump started. The average for the 12 futures contr

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Oil prices rise on optimism over end of punishing glut

Oil prices rose on Friday, lifted by fresh hopes over a proposed freeze in oil production and firm economic indicators from the US and Germany that cast a positive light on growth in fuel demand.   Russia's o

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Death toll in India flyover collapse rises to 23

The death toll in the collapse of a flyover under construction in the Indian city of Kolkata rose to 23, after rescuers worked through the night with cranes and jackhammers to clear huge slabs of steel and concrete.  

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Seas could rise higher than predicted, drenching coastal cities

Global seas could rise nearly twice as much as previous, widely accepted estimates, according to a study published on Thursday saying low-lying cities face possible disaster by the end of the century.   Sea level

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Oil price rise ‘might be wrong but it is not irrational’

The oil futures curve is flattening as a wave of bullishness washing across the market raises the price of near-dated contracts faster than that of contracts for deferred delivery.   Brent for delivery in May 201

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Bahrain pay rises lowest in decade, despite rising costs

Average pay rises in Bahrain and across the GCC are set to be lower this year, than at any time over the past 10 years, despite the rising cost of living caused by cuts in government subsidies, according to a recent report.  

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Migrant arrivals to Europe this year top 110,000

The number of migrants and refugees arriving in Italy and Greece since the start of the year has risen sharply compared to the same period in 2015 and hundreds are stranded at European borders due to rising restrictions, aid agencies said on Tue

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Migrant arrivals to Europe this year top 110,000

The number of migrants and refugees arriving in Italy and Greece since the start of the year has risen sharply compared to the same period in 2015 and hundreds are stranded at European borders due to rising restrictions, aid agencies said on Tue

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BBK profit rises 6.2pc to $141m

Bank of Bahrain and Kuwait has reported 6.2 per cent rise in net profit at BD53.2 million ($141 million) for the year ended December 31 when compared with BD50.1 million for 2014, with earnings per share of 50 fils as against 47 fils earlier.

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Payouts for petrol price rise backed in Bahrain

An urgent proposal to compensate Bahrainis for higher petrol prices has been unanimously approved by parliament. It was tabled yesterday (February 2) by 22 MPs led by Mohammed Al Ahmed, after the government raised petrol prices at the pumps on

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