Industrial production in the U.S. was little changed in February, restrained by a slowdown in manufacturing and a decline in natural gas extraction.
The output last month at factories, mines and utilities compared with a median projection for a 0.4 percent gain in a Bloomberg News survey of economists. Production in January was revised to a 0.4 percent increase, initially reported as no change, data from the Federal Reserve showed today in Washington. Manufacturing (IPMGCHNG), which makes up about 75 percent of total output, rose at the slowest pace in three months.
Kuwait: Credit at 5.9% in November with 2014 expected at 7% y/y
Credit growth was up in November, but failed to make up for recent weakness. Growth ticked up to 5.9% y/y on a KD 222 million gain in lending during the month, but remained weaker than expectations.
Ooredoo Oman Q4 profit falls 17pc to $21m
Ooredoo Oman, a leading telecoms operator, reported a net profit of RO8.3 million ($21.6 million) in the fourth quarter of 2014, down from RO10 million ($25.8 million) in the year-earlier period, mar
Funds turning positive on Saudi as oil stabilises
Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to stabilise, the latest Reuters survey of asset managers shows.
Many fu
New plan aims to boost investment in Saudi
A new plan aims to transform Saudi Arabia’s investment landscape by further diversifying the economy, building its knowledge base, creating job opportunities and maintaining the ease of doing busines
Saudi Arabia’s Alhokair planning IPO of Egyptian malls unit
Saudi Arabia’s Fawaz Alhokair Group plans to raise as much as $400 million from the sale of shares in its Egyptian malls unit, owner of one of the country’s largest shopping centres.