Economy

MANAMA: Bahrain’s economy is holding up in the face of low oil prices as policymakers bank on infrastructure spending and the private sector to offset shrinking energy sector revenues, officials and...
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Bank lending in Bahrain expected to pick up after slump

BAHRAIN: Commercial bank lending in Bahrain is expected to pick up after a slump, and the plunge of oil prices is not hurting liquidity in the banking system, Bahrain's central bank Gov.





Gulf economies have 'failed to diversify'

BAHRAIN: GCC countries have so far failed to diversify their economies away from oil revenue and some may eventually face political challenges as a result, a senior Qatar central bank official said.



Banks probed over gold price rigging: Report

NEW YORK: The US is probing major banks over possible manipulation of precious metals markets, the Wall Street Journal said.



IDB picks arrangers for dollar sukuk offering

JEDDAH: Jeddah-based Islamic Development Bank (IDB) is set to meet fixed income investors starting Sunday ahead of a potential dollar-denominated sukuk transaction, a document from lead arrangers show




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