Bahrain lifts meat prices as cheap oil hits state finances MANAMA, Oct 1- Bahrain more than doubled the prices of beef and chicken on Thursday, removing meat subsidies in a politically sensitive move designed to save money as low oil prices slash the government's revenues. Like other Gulf oil-exporting states, Bahrain has for many years subsidized goods and services such as meat, fuel, electricity and water, keeping...
As oil wealth dwindles, Saudi Arabia faces change JIDDAH, Saudi Arabia- At a gas station in Saudi Arabia's second largest city of Jiddah, drivers are fueling up their cars at just 45 cents a gallon- four times less than the price of water. "It's not an absolute crisis, but it is a question of planning for the future," said Karen Young, a senior resident scholar at the Arab Gulf States Institute in Washington D.C..
Source: The Associated Press
| By: By AYA BATRAWY, Associated Press
This is the top destination for expats globally Singapore has topped a poll of the best places to live and work for expatriates, according to a survey of 21,950 expats living around the world.
| By: Luke Graham | Special to CNBC
INVESTMENT FOCUS-Grating ratings keep emerging markets shaking Like Brazil, emerging markets such as Russia and South Africa have basked for around a decade in a the glow of investment-grade ratings. With Russia becoming a fallen angel earlier this year and Brazil halfway there, Turkey and South Africa could be next in line. "We will continue to see CDS spread pricing in expectations of rating cuts especially in South Africa...
| By: Marc Jones
Gulf oil ministers to meet on Thursday amid price slide DUBAI, Sept 7- Gulf oil ministers are due to meet this week in Qatar for an annual meeting, in the first gathering by the heavyweight crude producers since the latest slide in oil prices. But while the price drop is not on the agenda for the scheduled meeting of the six-nation Gulf Cooperation Council- Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain and Oman,...