| Bahrain halts telecom spectrum auction | | DUBAI — Bahrain has halted an auction to sell radio spectrum for next-generation telecom networks after a wireless broadband operator appealed against its exclusion from the sale, delaying improvements in the kingdom’s communications infrastructure. | | IMF says size of Egypt loan still under discussion | | DUBAI — The International Monetary Fund could change the size of a $4.8 billion financing programme for Egypt, its Middle East director said on Tuesday ahead of fresh talks in Cairo on the package in the coming days. | | European manufacturing ebbs further in March | | LONDON - Manufacturing across Europe’s major economies endured another month of mostly deep decline in March, dragging down even former bright spots, surveys showed on Tuesday. | | Demand for Saudi oil set to increase | | Demand for Saudi crude is likely to rise over the next few months, Saudi Oil Minister Ali Al Naimi said on Monday, in a sign that the world’s largest oil exporter sees a recovery in its biggest export market, Asia. | | Kuwait crude exports to Japan fall | | Kuwait’s crude oil exports to Japan fell 17.3 percent in February from a year earlier to 6.82 million barrels, or 244,000 barrels per day (bpd), in the first decline in three months, government data showed, according to Kuwait’s News Agency (KUNA) today. | | Egypt’s debt yields soar | | Egypt’s local-currency debt yields rose to the highest since January at a 5.5 billion pound ($809 million) treasury-bill auction as the International Monetary Fund prepares to send a team to Cairo to restart loan talks. | | Agility posts more than doubles profit | | KUWAIT CITY - Net profit at Kuwaiti logistics group Agility more than doubled in the fourth quarter of 2012 and the company said on Sunday its board had proposed a dividend of 30 per cent cash and five per cent bonus shares. | | Economic focus shifting to East | | The economic centre of the world is quickly shifting eastwards. Emerging Asia has been the source of most of growth in the world’s economy in the last decade and this is leading to structural changes. | |
