Friday 28 August 2015
 
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economy

Oil catches breath near 6-1/2-year lows after falls

Oil stabilised on Wednesday after China's central bank moved to support the country's economy, but prices stayed near 6-1/2-year lows as a heavy supply glut kept the market outlook bearish.   "Oil is

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Egypt cuts top tax rate, suspends capital gains tax

Egypt lowered the top tax rate and the threshold for companies and individuals in high income brackets on Sunday and suspended a 10 per cent tax on capital gains in an attempt to attract investors and boost the economy. President

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China under pressure to ease policy as economy stumbles

China is under growing pressure to further stimulate its economy after disappointing data over the weekend showed another heavy fall in factory-gate prices and a surprise slump in exports. Producer prices in July hit their lowest

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China July producer prices slump to 6-year low

Producer prices in China fell to a near six-year low in July while consumer inflation remained subdued, signalling the world's second-largest economy was still facing deflationary pressures and that Beijing has room to further support the sl

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CEOs upbeat over global economy prospects

Optimism among chief executives about the prospects for the global economy is good news for Bahrain, an analyst has said. According to KPMG Fakhro in Bahrain partner and head of advisory Narayanan Ramachandran, a strong outlook in the rest of

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Shaky start for global economy in second half

The global economy started the second half of the year on shaky ground with China's factory sector activity contracting in July at the fastest pace in 15 months and euro zone manufacturing weaker than expected, although US activity picked up

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Saudi cautions Iran to use nuke deal to help economy

Iran should use a nuclear deal agreed this week with six world powers to improve its economy, and not to pursue ‘adventures’ in the Middle East, Saudi Arabia's foreign minister said on Thursday. "We hope that

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China economy grows 7pc in Q2 as activity picks up

China's economy grew an annual seven per cent in the second quarter, steady with the previous quarter and slightly better than analysts' forecasts, though further stimulus is still expected after the quarter ended with a stock market cra

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Greek debt talks stumble before EU leaders gather

Negotiations to avert a Greek debt default stumbled on Wednesday and euro zone finance ministers accused Athens of refusing to compromise despite a deadline next week that could put it on a path out of the euro zone. With European

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Productivity, performance ‘key to economy boost’

High productivity and dedicated performance are key to boosting Bahrain’s national economy, according to the Premier. Receiving a group of businessmen, His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa s

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