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Kuwait's Action Hotels opens second property in AustraliaAction Hotels, a leading three- and four-star hotel developer the Middle East and Australia, has formally opened ibis Styles Elizabeth Street hotel in Brisbane. It is the 10th and largest hotel in the group’s portfolio and A More… |
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Bahrain re-elected to Arab IGF membershipBahrain Internet Society (BIS) board member and director of strategic alliances Ali Al Meshal secured Bahrain a membership in the Arab Internet Governance Forum (IGF) advisory committee for the second consecutive year. Al Meshal w More… |
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US opens door to oil exports after year of pressureThe Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light shale oil onto global markets. The Bureau More… |
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Credit boom stokes risks in emerging marketsLoose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements warned on Sunday. Such a boom-and-bust cycle might have se More… |
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World banks vow to tackle inflationLeading central bank policymakers warned on Monday of the threat of resurgent inflation in fast-growing emerging economies and voiced their resolve to keep price pressures in check. Jean-Claude Trichet, speaking as chair of talks on the gl More… |
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Cbanks warn of new crisis if exit left too lateGovernments must slash budget deficits decisively and central banks should not wait too long to raise borrowing costs as side effects from measures prescribed to tackle the global recession may create the next crisis, the Bank for International Se More… |
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Global bank lending shrinks by $1.9 trillionInternational bank lending fell by almost $2 trillion, or 6 percent, during 2009 as the financial crisis continued to restrain credit through to the end of the year, according to the Bank for International Settlements (BIS) It said lending More… |
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Commodities, oil to stay high says BISMore expensive tastes in food and an insatiable economic thirst for oil in fast growing emerging markets are likely to keep commodity prices high, the Bank for International Settlement (BIS) said. Government subsidies for energy and biofue More… |
