Wednesday 30 July 2014

GCC 'can meet any oil supply shortfall'

The GCC states have spare oil production capacity now of 2.5 to 3 million barrels per day and are positioned to meet any possible shortfall in supplies to world markets, a report said. The report by  the Institute of International Fin


Europe, IMF 'must act now to avoid contagion'

Euro zone countries and the IMF need to show they can deliver a rescue plan for Greece, including a debt buy back, in the coming days to avoid financial markets "spinning out of control," a bank lobby group said. The Institute of Internati


Emerging markets inflows to top $1 trillion

Private investment money pouring into emerging markets could reach $1.041 trillion in 2011, up from a previous estimate of $960 billion, a global bank group said on Wednesday.    "Most of the $81 billion upward revision of


Reforms will cost 10m jobs warn banks

A string of regulatory reforms across the banking sector could cut 3 percent off global economic growth over the next five years and cost almost 10 million jobs, top banks said on Thursday. The Institute of International Finance (IIF), a b


Gulf states set for growth, risks remain: IIF

Gulf Arab economies are seen returning to solid growth in 2010, with Qatar and Oman soaring on rising oil and gas output, but 'corporate distress' remains a risk, the Institute of International Finance said in report. Real gross do


Financial leaders discuss risk management

Leaders of finance from over 50 public sector and private financial institutions in the Gulf, the Middle East, Europe, and the US took part in a symposium on “Managing Risk Amid Market Turmoil: Implications for the Middle East.” The event

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