Wednesday 28 January 2015
cheap oil

Russia forecasts economic slump as oil falls

Slumping oil prices have put Russia's economy on course for a sharp recession and double-digit inflation next year, government ministers said, as authorities scaled up a bailout for the first bank to succumb to this month's rouble crisis


Healthy Dubai real estate market to ride out cheap oil

The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash, said a report. As the global financial crisis slashed oil and equi


Airlines face sting in the tail from cheaper oil

Fresh fears over the global economy could unravel the benefit of cheaper oil prices and keep a lid on financial forecasts for the airline industry when its chiefs gather in China this weekend for their annual summit. An eight percent drop

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