Monday 20 October 2014
 
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economy

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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Cheaper oil no big threat to Gulf economies

Falling oil prices may prove the best medicine for economies in the Arab world, rebalancing growth towards countries struggling to recover from the Arab Spring uprisings without doing major damage to the oil exporters of the Gulf.

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Asian businessmen 'facing red tape hurdle' in Bahrain

Bureaucratic red tape and unequal treatment are a deterrent to continued investment in Bahrain’s economy, Asian businessmen and traders have complained. Speaking during an open forum of the Bahrain Asian Traders Committee (B

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Asian businessmen 'facing red tape hurdle' in Bahrain

Bureaucratic red tape and unequal treatment are a deterrent to continued investment in Bahrain’s economy, Asian businessmen and traders have complained. Speaking during an open forum of the Bahrain Asian Traders Committee (B

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