GCC 'can meet any oil supply shortfall'The GCC states have spare oil production capacity now of 2.5 to 3 million barrels per day and are positioned to meet any possible shortfall in supplies to world markets, a report said. The report by the Institute of International Fin More… |
Europe, IMF 'must act now to avoid contagion'Euro zone countries and the IMF need to show they can deliver a rescue plan for Greece, including a debt buy back, in the coming days to avoid financial markets "spinning out of control," a bank lobby group said. The Institute of Internati More… |
Emerging markets inflows to top $1 trillionPrivate investment money pouring into emerging markets could reach $1.041 trillion in 2011, up from a previous estimate of $960 billion, a global bank group said on Wednesday. "Most of the $81 billion upward revision of More… |
Reforms will cost 10m jobs warn banksA string of regulatory reforms across the banking sector could cut 3 percent off global economic growth over the next five years and cost almost 10 million jobs, top banks said on Thursday. The Institute of International Finance (IIF), a b More… |
Gulf states set for growth, risks remain: IIFGulf Arab economies are seen returning to solid growth in 2010, with Qatar and Oman soaring on rising oil and gas output, but 'corporate distress' remains a risk, the Institute of International Finance said in report. Real gross do More… |
Financial leaders discuss risk managementLeaders of finance from over 50 public sector and private financial institutions in the Gulf, the Middle East, Europe, and the US took part in a symposium on “Managing Risk Amid Market Turmoil: Implications for the Middle East.” The event More… |