The most prominent theme in the world currency market in the past year has been the spectacular rise of the US dollar against the Euro, the Japanese yen, commodity currencies and above all, emerging markets.
The authorities in Bahrain have never been so determined to overhaul governmental subsidies as part of efforts to streamline public finance. The starting point for the new trend focuses on ending subsidies on red meat, possibly followed by reengineering prices for utilities as well as petroleum products. A critical logic behind the push relates to […]
In May 2015, LuLu Hypermarkets, an Abu Dhabi-based retailer, announced that it planned to expand its operations in Oman in the coming years. “We are committed to extending our footprint, with plans to open five new stores [in the Sultanate] in the next 18 months,” said Yusuff Ali, the company’s managing director, at a press […]
Emerging market currencies, now trading at their weakest level since the Bernanke Fed’s “taper tantrum” in May 2013, face multiple risks in the last quarter of 2015. Federal Reserve rate hikes, contagion from China’s financial market turmoil/yuan devaluation, collapse in oil prices (West Texas crude prices have fallen by a shocking 25 per cent since […]