Sunday 14 February 2016
 
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economy

Gold heads towards seven-month high

Gold rose on Tuesday as shares resumed falls, and was just below the 7 1/2-month high struck the previous day after growing concerns about the global economic outlook sent investors into safer assets. The precious metal saw some p

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Oman Air hosts major meeting

A large number of Omani public and private sector chief executives convened together at a meeting in Muscat, hosted by Oman Air, to look for ways to improve business methods and policies and encourage further investment in Oman. O

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Saudi reforms ambitious, challenging

At a three-day conference in Riyadh this week, hundreds of Saudi Arabian officials and businessmen discussed ways to rescue the economy from low oil prices, by developing new industries and giving opportunities to the private sector.

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Doha Bank sees tough 2016 on global economy

Doha Bank expects 2016 to be a tough year as global economic conditions impact on its performance, the chief executive said on Sunday, after Qatar's fourth-largest lender by assets reported a 6.1 per cent rise in fourth-quarter net profit.

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Chinese leader in Iran to discuss economy, ME crisis

Chinese President Xi Jinping met his Iranian counterpart on Saturday in Tehran, where they will discuss how to improve economic and political ties after international sanctions on Iran were lifted. Xi was welcomed by President Has

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Bahrain International Air Show kicks-off

The popularity and importance of world-class events like Bahrain International Air Show (BIAS) is proof that kingdom’s economy is growing, His Majesty King Hamad said yesterday (January 21). The King said BIAS has strengthened Bahrain&rs

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Renewable energy 'key to UAE economic diversification'

The renewable energy is now a mainstream energy source that supports the UAE's economic diversification goals which will lead to more jobs, more innovation, and more prosperity, said a senior government official. “The UA

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Egypt growth seen at just over 4pc in FY2015/16

Egypt's economy is set to grow 4.1 per cent this financial year, marginally weaker than the previous year and short of the government's own growth expectations, a Reuters poll found. Egypt has been struggling to revive its

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Istanbul attacks to impact Turkey tourism, says expert

The explosion in Istanbul’s most prominent tourist attraction on January 12 is expected to negatively impact inbound flow to Turkey on the short-to-medium term, said an industry expert. The blast took place at the Sultanahme

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China stocks slump 7pc; trading halted for first time

Chinese stock markets tumbled 7 percent in their opening session of 2016 on Monday as weak factory activity surveys and falls in the yuan added to concerns about the struggling economy, forcing exchanges to suspend trade for the first time.

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