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US analysts see modest gains from Obama plan

WASHINGTON: President Barack Obama's expansive executive action on immigration is good for the US economy - just not as good as partnering with Congress on broader reforms.

The executive order would prevent the deportation of about four million parents and guardians who lack the same legal stat...ReadMore


Egypt seeks to attract $12 billion investment

CAIRO: Egypt hopes to attract investment of $10-$12 billion in 20 projects, including in energy, transport and water, at a major conference in mid-March, the minister for international co-operation said yesterday.

New China rate cut move to hurt domestic lenders

SHANGHAI: China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

Energy partners sought

MOSCOW: Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, Energy Minister Alexander Novak said yesterday.

BIBF is named best education service provider

MANAMA: Bahrain Institute of Banking and Finance (BIBF) was named Educational Service Provider of the Year at the Gala Awards Presentation Night of the inaugural Middle East Insurance Awards in Dubai as part of the Middle East Insurance Review.

Greece snubs lenders over budget deficit

ATHENS: Greece's government yesterday pushed ahead with plans for a near-balanced budget next year, ignoring objections from its international lenders who say Athens is set to miss its deficit forecast.

Europe-US free trade agreement faces risks

BRUSSELS: Europe's proposed free trade agreement with the US would collapse if European leaders bowed to pressure to remove investment protection from any deal, the chairman of EU trade ministers said.

GFH backs conference

MANAMA: Gulf Finance House (GFH) yesterday announced its platinum sponsorship of the 21st Annual World Islamic Banking Conference (WIBC 2014) to be held in Bahrain under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa.

BoE probes 'money-market rigging'

LONDON: The Bank of England (BoE) has opened a formal investigation into the possible manipulation of money-market auctions held at the start of the financial crisis and whether its officials were involved.


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