Sunday 26 October 2014
 
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economy

Iran says lower oil prices a new tactic to undermine its economy

Iran has accused fellow Muslim countries in the Middle East of plotting with the West to bring down oil prices as a tactic to further undermine its sanctions-hit economy.   With oil losing a quarter of its value

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Egypt will fix economy but don't expect miracles: PM

Egypt's Prime Minister urged the country's citizens not to expect instant results from large-scale infrastructure projects the government has embarked on to create jobs and strengthen the economy. Ibrahim Mehleb faces the monume

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China eyes $817bn sports sector for new economy

China plans to grow its sports sector into a 5-trillion-yuan ($817-billion) industry by 2025 to boost employment and domestic consumption in its "new" economy, the government said on Monday. Under a sweeping reform plan,

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Rolls-Royce warns on profit as economy slows

British engineer Rolls-Royce warned on Friday that deteriorating economic conditions meant its profit would not rise next year as previously forecast, sending its shares plunging as much as 16 per cent. Rolls-Royce said the market

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Infrastructure spending to boost Bahrain’s economy

Massive infrastructure projects currently in the planning stage will not only boost Bahrain’s national economy but also strengthen the kingdom's competitiveness, a top minister has said. Transportation Minister and Econo

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Egypt GDP growth rate up to 3.7pc in fiscal Q4

Egypt's GDP growth rate rose in the fourth quarter of fiscal 2013/14 to 3.7 per cent, up from 2.5 per cent, the government said, in the latest sign that confidence is returning to an economy battered by three years of political turmoil.

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Global economy ‘under threat’ warn finance chiefs

Though braced by a resurgent US, the global economy is under threat from other regions - from Europe and Latin America to China and Japan - where growth is stalling and prospects remain dim. That's the bleak picture facing glo

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Famine, war dash hopes for South Sudan economy

When South Sudan was born, the world's youngest country had generous Western allies and sturdy oil exports, a formula that offered a chance to build a modern economy and drag its people out of their daily struggle to feed themselves.

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UAE jobs set to grow, but living cost fears persist

While the UAE’s economy and job opportunities are expected to grow in the coming six months, residents are still concerned about the rising cost of living, a report said. About 24 per cent of respondents in the UAE consider

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G20 divided on strategy to attain global growth

As the Group of 20 leading economies meet to change no less than the "destiny" of the global economy, members remain divided on how to get there with Germany pushing back at US calls for more government stimulus. Opening

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