Saturday 5 September 2015
 
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economy

China slowdown worsening, suggests index

Activity in China's vast factory sector shrank at its fastest pace in almost 6-1/2 years in August, a private survey showed on Tuesday, increasing investor fears that the world's second-largest economy may be lurching toward a hard landi

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Rising oil output boosts Saudi economic growth

Rising oil output boosted Saudi Arabia's economic growth to its fastest pace in over a year in the second quarter of 2015, data showed, but growth looks likely to slow in coming months as low oil prices make themselves felt. &

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Rising oil output boosts Saudi economic growth

Rising oil output boosted Saudi Arabia's economic growth to its fastest pace in over a year in the second quarter of 2015, data showed, but growth looks likely to slow in coming months as low oil prices make themselves felt. &

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Priority urged for major foreign investors in Bahrain

Major investors in Bahrain’s economy should be given priority access to government services, according to a prominent group of Asian businessmen. Bahrain Asian Traders Committee (BATC), which falls under the Bahrain Chamber of Commerce a

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Oil catches breath near 6-1/2-year lows after falls

Oil stabilised on Wednesday after China's central bank moved to support the country's economy, but prices stayed near 6-1/2-year lows as a heavy supply glut kept the market outlook bearish.   "Oil is

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Egypt cuts top tax rate, suspends capital gains tax

Egypt lowered the top tax rate and the threshold for companies and individuals in high income brackets on Sunday and suspended a 10 per cent tax on capital gains in an attempt to attract investors and boost the economy. President

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China under pressure to ease policy as economy stumbles

China is under growing pressure to further stimulate its economy after disappointing data over the weekend showed another heavy fall in factory-gate prices and a surprise slump in exports. Producer prices in July hit their lowest

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China July producer prices slump to 6-year low

Producer prices in China fell to a near six-year low in July while consumer inflation remained subdued, signalling the world's second-largest economy was still facing deflationary pressures and that Beijing has room to further support the sl

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CEOs upbeat over global economy prospects

Optimism among chief executives about the prospects for the global economy is good news for Bahrain, an analyst has said. According to KPMG Fakhro in Bahrain partner and head of advisory Narayanan Ramachandran, a strong outlook in the rest of

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Shaky start for global economy in second half

The global economy started the second half of the year on shaky ground with China's factory sector activity contracting in July at the fastest pace in 15 months and euro zone manufacturing weaker than expected, although US activity picked up

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