The price of Brent crude oil jumped more than two per cent to $50 a barrel on Wednesday as a drawdown in US crude oil stocks outweighed the negative impact of weak economic manufacturing data from China.
Bahrain registered the most negative sentiment towards saving among the GCC countries, with an index score of -1.93 (minus 1.93) in comparison to -0.94 last year, revealed a survey by UAE-based National Bonds Corporation.
The outlook on Bahrain's retail banking system remains negative, reflecting the fragile operating environment, leading to slow economic growth prospects and heightened downside risks over the 12-18 month outlook period, said a report.
The outlook on Bahrain's banking system remains negative, but any systemic risks will be mitigated by the domestic retail banks' healthy liquidity and relatively strong capital positions, a Moody's Investors Service report said.
The conditions in the shipping industry is likely to worsen in the next one and half years mainly due to a steady oversupply of vessels, according to a report by Moody's.
The rating agency in an 'Industry Outlook Update' published on Wedn
Standard & Poor's has revised its outlook on Saudi-based Saad Group and related entities, to negative from stable owing to its view of increased real estate exposure resulting in reduced liquidity and geographic diversity of its port