Business leaders have made moves to reassure the public that the price of other goods will not be raised to cover the cost of Cabinet-proposed subsidy cuts on meat.
More than 80 of Bahrain's largest retailers met yesterday at
Crude futures rose on Wednesday to recover ground from sharp drops in the previous session, boosted by expectations that US crude stocks could fall for a fourth straight week.
Prices were also supported by comments from western di
Egypt is set to launch what will be a highly sought after tender in early June to buy up to $3 billion of liquefied natural gas (LNG) over 2016 and 2017, senior state officials and trade sources said.
Egypt has emerged as a major
The consumer price index in Bahrain dropped by 0.6 per cent to 122.8 points last month compared with 123.6 in March last year.
The index had risen by 2.2 per cent last month to 122.8 points, from 120.1 in April last year, said a r
Oil prices edged down on Friday after rising more than two per cent in the previous session, buoyed by lower US crude inventories and geopolitical tension in the Middle East.
US crude futures are in their longest winning streak si
Proposed government cuts could result in the price of subsidised meat more than doubling in Bahrain, according to experts.
The government on Monday (May 18) announced plans to reduce spending by BD386 million ($1.01 billion)
Oil prices have edged back from 2015-highs reached the session before, but remain on course for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments.
Crude prices have surged
Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after Opec said that its output surged in March, adding to a global glut.
The Organization of the Petroleum Exporting Countries (Opec) said that i
Crude oil prices jumped to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen.
The terminal is one of the major hubs for the Had
Saudi Company for Tools and Hardware (Saco), a popular do-it-yourself (DIY) chain in the kingdom, has set the price for its 30 per cent initial share sale at SR70 ($18.70) each, a statement from the company's financial adviser said on Thursd