Thursday 17 April 2014
 
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Work stalls on $75m Bahrain labour town project

Low occupancy rates have delayed work on a $75 million labour town built within the Bahrain Investment Wharf (BIW) in Hidd.   The project's first phase has been completed, but only around 50 per cent of the d

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Opec production plunges to 3-year low in March

The oil production from the Organization of the Petroleum Exporting Countries (Opec) plunged 550,000 b/d from February to 29.56 million b/d in March - its lowest level since mid-2011, according to the latest Platts survey of Opec and oil industr

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Dubai rents 50pc lower than London, New York

The prime rents in Dubai rose 13.6 per cent last year, while the lease rates are still below 50 per cent of those found in London and New York, said a report.   "Prime rents in Dubai ended the year almost 14

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New help for Bahraini low-income families

Low-income families in Bahrain who are unable to pay their power bills could benefit from additional government support.   The government already subsidises two-thirds of the cost of power, but is prepared to hel

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Bahra Cables wins $33m contract

Bahra Cables Co, a leading cable manufacturing  company in Saudi Arabia, has won an SR127 million ($33.8 million) contract with Hyundai Heavy Industries to supply low and medium voltage cables. The cables are for the use in t

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Gold near 4-week low, uncertainty over US stimulus

Gold recovered slightly on Wednesday from the previous session's four-week trough but looked likely to test further lows on fresh uncertainty over the fate of the US central bank's commodities-friendly stimulus measures. T

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Gold drops as US jobs data spurs taper fears

Gold eased on Monday to trade near three-week lows as a strong US jobs growth reignited fears the Federal Reserve could soon start scaling back its stimulus, denting bullion's appeal as a hedge against inflation. Indications t

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Gold near 3-month low as US debt deadline looms

Gold was hovering near three-month lows on Monday despite the failure of weekend talks in Washington to reach an agreement to avert a US debt default and as large sell orders in the previous session rattled investors. Spot gold wa

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Mobile usage for travel services 'low'

Most airline passengers do not use smartphones for travel services, despite three quarters of them carrying one during their travel, according to a survey. The 2013 Sita/Air Transport World Passenger IT Trends survey included more

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Gold soars 4.6pc on Fed move

Spot gold traded near a one-week high on Thursday after the US Federal Reserve surprised markets by postponing a wind-down of its commodities-friendly monetary stimulus and the dollar tumbled to seven-month lows. US gold futures j

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