Economy



Steelmakers seek import duty hikes

LONDON: Iranian steelmakers have asked the government to raise import duties for certain steels by up to 40 percent as protectionism in the global steel sector gathers pace amid a flood of cheap sales



Dubai airport passenger traffic up 23.2 percent

DUBAI: Dubai International Airport recorded a 23.2 percent jump in passenger traffic in May reflecting runway maintenance a year earlier, the operator of the world’s busiest airport by international t



Petrolimex and KPC end diesel term contract

SINGAPORE: Vietnam’s top fuel importer, Petrolimex, and Kuwait Petroleum Corp.



Drake & Scull ups GCC ownership limit to 100%

DUBAI: Drake & Scull, the Dubai-based engineering and construction company, increased the limit for which nationals from the Gulf Cooperation Council (GCC) can hold their shares to 100 percent from 49







Saudi equity market cap exceeds SR2 trillion in first half

JEDDAH: The Saudi stock market fell in the first half of this year.



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