Thursday 24 April 2014
 
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reforms

Bold reforms in Arab states in transition needed: IMF

Arab Countries in Transition must pursue bold economic policy reforms to achieve economic stability and generate job-creating growth in the region, an IMF study has said. The study, entitled “Toward New Horizons—Arab E

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Labour reforms hit Saudi small contractors

Shortage of manpower following the new labour reforms in Saudi Arabia has resulted in the closure of more than 50 per cent of small and medium-sized contracting firms, a report said. Apart from shortage of qualified labour, wages

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Jordan must stick with IMF reforms: Cbank

Jordan must persist with economic reforms to ensure its economy keeps growing and its budget deficit is under control, the central bank governor said, warning against slackening as financial pressures ease and political pressures mount.

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WARNING: Gulf needs urgent labour reforms

Gulf oil exporters may see unemployment among their citizens rise in coming years unless they change a decades-old habit of relying on cheap foreign labour, the International Monetary Fund said on Wednesday. Since the 1970s, milli

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The missing link in GCC’s education reforms

Today, there is a palpable sense of urgency in the Middle East to improve employment levels and job options for the region’s young, growing populations. In effect, half of the Middle East’s population is under the age of 25, and a qu

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Egypt economy chiefs vow to ease shortages

Economic ministers in Egypt's new military-backed government are pledging to ease shortages and make it easier for factories to operate, while signalling that any major reforms to repair the state's crumbling finances will be undertaken

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New Bahrain strategy to boost unity, reform

Bahrain will launch a five-year information strategy designed to promote unity and reform, while also emphasising the importance of security and stability, said a top government official. "The strategy will begin this year an

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Rohani election win mandate for change in Iran

Iranian voters weary of years of economic isolation and tightening political restrictions threw down a blunt demand for change on Saturday by handing a moderate cleric a landslide victory in a presidential electi

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HSBC urges regulators to speed up reforms

HSBC called on regulators to speed up industry reform as its shareholders urged Europe's biggest bank to take a lead in cutting pay and criticised it for compliance failings and aiding tax avoidance. HSBC chairman Douglas Flin

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G7 finance chiefs to discuss bank reform push

Some of the world's most powerful finance chiefs will meet in an English stately home on Friday and Saturday to try to speed up banking and finance reforms, with Cyprus' near meltdown fresh in their minds. Finance minister

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