Saturday 18 May 2024
 
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dilemma

Bahrain MPs limit govt borrowing despite warnings

Bahraini MPs have voted to limit government borrowing despite warnings that it would result in dramatic cutbacks in public spending. Parliament unanimously approved a proposal to cap state borrowing at 60 per cent of gross domestic product (GD

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Iraq, Syria pose Saudi dilemma: failed states or Iran proxies

With militant Islamists gaining the upper hand in Syria's rebel movement and grabbing big tracts of Western Iraq, Saudi Arabia faces a dilemma. Saudi Arabia has long seen the conflicts in Iraq and Syria as a pivotal battle for

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ECB faces rates dilemma as inflation soars

Inflation soared unexpectedly across the debt-laden eurozone in September, the EU said, creating a dilemma for European Central Bank (ECB) chief Jean-Claude Trichet who chairs his final policy meeting next week. After Brussels revealed a b

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