Austerity measures adopted in the face of low oil income are estimated to save Bahrain’s government BD813.8 million ($2.14 billion) by the end of 2018, according to Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa in a report in the
Bahrain plans austerity steps to cut its budget deficit in line with International Monetary Fund (IMF) recommendations, its finance minister said on Saturday in comments that could help the island kingdom sell its bonds when it returns to intern
Bahrain’s ministries and government bodies have been given one week to submit their plans for reducing spending by at least 30 per cent. Action will be taken against any who miss the December 1 deadline, Information, Parliament and Shura
The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis T
It's a weekend morning at the Dubai Mall, a glitzy complex with 1,200 stores, and the shoppers are pouring in. A traffic jam has formed in the basement parking area. With passenger arrivals at Dubai's airport at record highs, retailers e
British finance minister George Osborne courted voters ahead of an election in 2015 with promises of help for savers, tax breaks for manufacturers and lower levies on beer and bingo.
In an upbeat annual budget statement, Osborne a
The Group of 20 nations pledged on Saturday to put growth before austerity, seeking to revive a global economy that "remains too weak" and adjusting stimulus policies with care so that recovery is not derailed by volatile financial mar
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
The UK government wants austerity to pave the way for bold modernisation of Britain. In reality its cuts don’t reverse the previous explo
A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in Japan.
Reports from the US