Saturday 25 April 2015
 
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Bahrain firms upbeat over business outlook

Bahrain's entrepreneurial firms are optimistic over their business outlook, with revenue and the number of full-time employees expected to increase in the forthcoming months. This was revealed in the Entrepreneurs' Organis

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Arab economies set to register growth of 3pc

Arab economies are expected to see gross domestic product (GDP) growth of three per cent this year, according to a new report. The first edition of the Arab Monetary Fund (AMF)'s "Arab Economic Outlook" report says t

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World FZO to host first annual conference in Dubai

The World Free Zones Organization (World FZO), the multi-lateral non-profit, global association for free zones, has revealed  the dates for its first annual conference – ‘Free Zone Outlook International.’ Un

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Short-term outlook for oil set to remain bleak

There will be further short-term weakness in the price of crude oil, UBS Wealth Management's latest research has revealed. But it indicates that gains in the latter half of the year will take the price to between $67-72 per ba

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Global economic outlook is glum despite cheaper oil

A sharp drop in oil prices and a stronger US economy will probably not be enough to brighten the outlook for global economic growth this year, the head of the International Monetary Fund said. IMF Managing Director Christine Lagar

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Fitch affirms GIB's long-term ratings

Fitch Ratings has affirmed Gulf International Bank's (GIB) long-term issuer default ratings (IDRs) at 'A' and the viability rating (VR) at 'bbb-'. The outlook for the long-term IDR is stable, said a report in

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Bahrain’s entrepreneurial firms optimistic on growth

Local entrepreneurial firms in Bahrain project an optimistic outlook with profit margins and the number of full-time employees are expected to increase over the forthcoming months. This is according to the latest survey results fr

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S&P cuts Saudi-Oman outlook on low oil price

Standard and Poor's (S&P) has lowered the outlook for the world's top oil exporter Saudi Arabia to stable from positive and its Gulf partner Oman to negative on sliding oil prices, a report said. However, the ratings a

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S&P revises India outlook to 'stable'

India regained its "stable" rating from Standard and Poor's yesterday, more than two years after an embarrassing downgrade, in a validation of Prime Minister Narendra Modi's ambitious agenda of economic and fiscal reforms.

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IIRA reaffirms ABC Islamic Bank ratings

The Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Bahrain-based ABC Islamic Bank at A+/A-1 on the national scale (long-term and short-term respectively), and A-/A-2 on the international scale with a 'Stable' ou

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