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International

DME Oman below $90, first in 2 years
Oman crude oil prices trading on the Dubai Mercantile Exchange, or DME, registered another significant milestone on Friday, as prices tumbled through the $90-per-barrel level for the first time in more than two years.
Weak output clouds India growth hopes
Indian industrial production was unexpectedly weak in August, figures released on Friday showed, fuelling doubts that Asia’s third-largest economy is headed for a swift recovery.
Eurozone faces ‘serious risk’ of new recession
World’s policymakers must take economic reforms more seriously, says IMF’s Lagarde
Eurozone outlook darkens again
The outlook for the eurozone darkened on Thursday as top think tanks slashed their forecasts for German growth — traditionally the bloc’s economic engine — both this year and next.
European leaders seek quick release of job boosting funds
The jobless rate for the EU’s 28 member countries is 11.5 per cent. For young people in Europe, those aged between 15 and 24, the situation is much worse, at 23.3 per cent.
Investcorp head Kirdar to retire in June 2015
Mohammed Al Ardhi, a non-executive board director since September 2008, will succeed Kirdar as executive chairman.
Oman sets up central Shariah board to boost Islamic finance
Oman was the last nation in the six-member Gulf Cooperation Council to introduce Islamic finance, publishing rules for it in 2012.
Kuwait set to host OAPEC’s 139th meeting
Kuwait is set to host the 139th meeting of the Executive Bureau of the Organisation of Arab Oil Producing Countries, or OAPEC, on October 11 and 12.
World Bank launches public-private partnerships infrastructure plan
The idea has already attracted banking groups like Citibank and HSBC and the reinsurance firm Swiss Re, as well as the Australian and Japanese governments.
Top Thai business group sees exports declining
Business seems to be on board, while economists are sceptical as domestic activity remains subdued after the unrest that hurt demand and tourism.
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