Wednesday 17 September 2014
 
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Russia's energy minister to meet Opec as oil price falls more

Russian Energy Minister Alexander Novak will meet the Organization of the Petroleum Exporting Countries (Opec) officials in Vienna, his spokeswoman said, as oil's price fall piled pressure on Moscow's budget.  

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Prices of more medicines to be slashed in Bahrain

Prices of 400 types of skin and venereal medicines will be slashed by 50 per cent starting October 7 in Bahrain. This will bring the total number of drug categories affected by price reductions to 2,487, said a report in the Gulf

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Bahrain pharmas given deadline to implement pricing

Several pharmacies in Bahrain have violated a decision to implement the unified pricing structure for the third batch of medicines which came into effect yesterday (September 1). The move is part of a GCC-wide medicine price stand

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Brent price drops to lowest in 14 months

Weak demand, combined with more than enough oil production, caused the Brent oil price to drop below $100 per barrel (bbl), the lowest level in 14 months, according to a report. Iraqi Kurdistan increased oil production and Libya a

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Abu Dhabi property price rise ‘no risk to banks’

The price rise in Abu Dhabi’s residential real estate does not pose a serious risk to the emirate’s banks as the industry is not reliant on leverage but backed by stinger fundamentals, said a report. According to the l

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Yemen struggles towards fuel price reform

A clampdown on state spending was an effort by Yemen's government this month to win public support before its biggest economic reform in years: higher fuel prices. But an angry public may not be won over.

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Petchem prices 'may rise in next 3 years'

The global outlook for petrochemical demand over the next three years is positive and there is room for prices to rise, the chief executive of Saudi Basic Industries Corp (Sabic) said on Sunday.

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Alcohol ban 'forcing hotel owners into distress sales'

Several Bahraini and foreign hotel owners are offering to sell their three and four-star hotels at 25 per cent less than their price a month ago.   A Bahraini investor who owns a chain of three and four-star hote

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Alcohol ban 'forcing hotel owners into distress sales'

Several Bahraini and foreign hotel owners are offering to sell their three and four-star hotels at 25 per cent less than their price a month ago.   A Bahraini investor who owns a chain of three and four-star hote

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Prices of more drugs to be slashed in Bahrain

Drugs used to treat skin conditions and sexually transmitted diseases will be included in a nationwide scheme to reduce prices of medicines in Bahrain.   The third phase of the initiative, which is part of a GCC

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