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Falling oil prices 'have impact on capital flows'

MANAMA: Falling oil prices have changed market fundamentals impacting the financial sector and investment capital flows, a leading expert has said.

According to Ashmore Group's GCC regional director John Sfakianakis, for most regional economies, oil prices remain an essential component of the...ReadMore


Forum set on business process management

MANAMA: The eGovernment Authority (eGA) has announced it is organising a workshop entitled 'Holistic Business Process Management: Improvement to Transformation'.

Nass to pay 15 per cent cash dividend

MANAMA: The board of directors of Nass Corporation has recommended a cash dividend of 15 per cent, or 15 fils per share, for the year ended December 31.

RBS to cut operations as losses hit $5.4bn

LONDON: Royal Bank of Scotland (RBS) will shrink investment banking operations drastically, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on lending in Britain.

VIVA supports Global Islamic Investment Gateway 2015

MANAMA: VIVA Bahrain yesterday announced it will be the technology sponsor for the inaugural Global Islamic Investment Gateway (GIIG) event.

Canon launches new printers

MANAMA: Canon Middle East has unveiled the latest range of its inkjet printers '“ the MAXIFY series and i-SENSYS laser series in Bahrain.

Arab honour for Bahraini engineer

MANAMA: Bahraini engineering professional Dheya Tawfiqi has been elected president of the Federation of Arab Engineers.

AirAsia posts $120m loss in fourth quarter

KUALA LUMPUR: Southeast Asia's top budget carrier, AirAsia, yesterday said it suffered a net loss of 428.51 million ringgit ($120m) in the quarter ending in December, hit by higher costs and a weaker currency.

US inflation falls on lower petrol prices

WASHINGTON: US consumer prices fell over the past year for the first time since 2009 as petrol prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates.

HSBC clarifies on licence cancellation

MANAMA: HSBC Bank Middle East yesterday said its Bahrain operations continue as before and are unaffected by the cancellation of a legacy licence in the country.

GM to shut Indonesia plant

BEIJING: General Motors will stop making GM-branded cars in Indonesia, a battleground for global carmakers, closing an assembly plant, axing some 500 jobs and shifting its focus to sport utility vehicles (SUVs).

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