Wednesday 27 July 2016
 
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Bahrain ministry properties 'rented out cheap'

Properties under the supervision of the Bahrain Finance Ministry are being rented out for shockingly lower amounts. These include properties rented out to the US and the British Embassy, said a report. For further details, visit 

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Drug shortages prompt question: are some medicines too cheap?

Philip Aubrey buys medicines for British government-funded hospitals across London, capital of the world's fifth-largest economy, but last year he struggled to secure supplies of a basic AIDS drug.   He is no

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Wars, cheap oil hurting Middle East growth

The World Bank said that 2015 economic growth in the Middle East and North Africa likely came to just 2.6 per cent, falling short of a 2.8 per cent forecast in October as war, terrorism and cheap oil took their toll.  

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Cheap meat sourced in Bahrain following prices row

Cheaper supplies of chilled Australian mutton have been sourced by Bahrain’s main livestock importer to help keep prices down. It is in response to a strike by butchers after the price of once-subsidised red meat soared after October 1,

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Cheap oil to push UAE into first fiscal deficit since 2009

The UAE is set to post its first fiscal deficit since 2009 because of lower oil revenues, but it can avoid any serious economic slowdown, the International Monetary Fund said after annual consultations with UAE authorities. The UA

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In smartwatch war, Swatch goes for cheap, quick and China

The world's largest watchmaker unveiled its riposte to Apple's smartwatch, announcing a plan to put cheap programmable chips in watches that will let wearers from China to Chicago make payments with a swipe of the wrist. S

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Iraq undercuts Saudi to grab Asian oil share

Fast-growing oil exporter Iraq is selling its crude cheaper than any comparable supply, undercutting regional rival Saudi Arabia to grab a bigger slice of the Asian market. Three years into an oil expansion following decades of wa

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Samsung Total strikes key Iran oil deal

South Korea's Samsung Total Petrochemicals (STC) has revived a contract to buy Iranian oil after a year's hiatus, as thin margins in plastics make the cheap fuel from Iran hard to resist, people familiar with the deal said.

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Rivals line up to replace Russia grain to Egypt

France and other leading global wheat exporters, normally undercut by cheap Russian supplies, are poised to snag new business from top importer Egypt, with Russia's drought-depleted export surplus seen drying up within weeks.

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Some US homes cheaper than their copper pipes

Shards of broken glass outside the basement window of 31 Vine Street hint at the destruction inside the three-story home. Thieves smashed the window to break in and then gutted the property for its copper pipes - a crime that has spread ac

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