Asian equities have been the victims of the Fed rate hikes, China’s hard landings and the global exodus from emerging markets
On January 1, 2016 His Majesty Sultan Qaboos bin Said issued a royal decree approving the Sultanate’s 2016 state budget and the country’s ninth five-year development plan, the latter of which covers the period 2016-20.
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 […]