Monday 21 April 2014
 
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economic crisis

CRISIS: Egypt to seek urgent IMF talks

  Egypt plans to invite an IMF mission to Cairo within a week, the government said on Thursday, signalling an imminent resumption of negotiations over a $4.8 billion loan as it struggles with an acute foreign currency shortage.

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Investcorp in profit for third consecutive year

Bahrain-based investment firm Investcorp has achieved profitability for the third consecutive year since the financial crisis, raising $1.3 billion from investors with $900 million coming from the US and the rest from the Gulf, said its top offi

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EU needs common finance chief: Lagarde

The euro zone needs a common finance minister and should consider issuing region-wide bonds to help pull it out of its economic crisis, said International Monetary Fund head Christine Lagarde. 'What is needed is a collective determinat

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Gold ‘remains in long-term bull market’

Gold remains in a long term bull market for the investors, said a study, adding that investors are starting to look at lower gold price as a buying opportunity. The recent decline in gold has some investors puzzled as the precious metal is

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Urgent global talks sought after market rout

China and Japan called for global cooperation on Friday after a financial market rout signalled fear that Europe's debt crisis could spin out of control and the U.S. economy may slide into another recession. The comments from Washingto

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China, Japan urge global talks on crisis

China and Japan called for global cooperation on Friday after a financial market rout signalled fear that Europe's debt crisis is spinning out of control and the US economy is in danger of another recession. The comments from Washington's

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G20 backs early-warning plan against crises

Leading world economies have agreed to put the policies of seven major nations under a microscope as part of a plan to prevent a repeat of the global financial crisis. The pact was agreed by the Group of 20 nations after months of wranglin

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Bahrain traders seek fees waiver

More than 100 traders and owners of small and medium enterprises in Bahrain have urged the government to increase purchases by 30 per cent and put an end to redundant commercial registrations to help cope with the repercussions of the economic cri

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Prudent investment 'crucial for growth'

The global economic crisis has forced companies to change the way they conduct their business and created great opportunities for those organisations that have invested prudently over previous years. This was the perception given by Etisal

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Fight against hunger hit by economic crisis: UN

Efforts to cut hunger worldwide have been undermined by the global economic crisis, a UN report showed. Reducing the number of hungry people is one of several Millennium Development Goals (MDGs) set in 2000 that include halving extreme pov

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