Bahrain MPs limit govt borrowing despite warningsBahraini 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 More… |
Iraq, Syria pose Saudi dilemma: failed states or Iran proxiesWith 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 More… |
ECB faces rates dilemma as inflation soarsInflation 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 More… |