Abdullatif A. Al-Othman
During the Shoura Council’s session on Monday, members of the council accused those in charge of the “Hadaf” program under the Ministry of Labor of wasting millions of riyals on systematic errors in S
PARIS: Total, left without a leader after the death in a Moscow air accident of chief executive Christophe de Margerie, is a top global oil group and the biggest company in France in terms of sales an
NEW YORK: Soft drinks king Coca-Cola made headway in global volume sales in its third quarter but net earnings fell sharply, hit by slower economic growth and volatile currencies.
NEW YORK: McDonald’s CEO Don Thompson said the company hasn’t been keeping up with the times and that changes are in store for its US restaurants.
KUWAIT: Revenue at Kuwait-listed logistics company Agility is expected to resume growing next year as emerging markets business expands and the company develops new sectors, Chief Executive Tarek Sult
MUSCAT: Oman Oil Co. is in talks with Occidental Petroleum Corp.
JEDDAH: Saudi International Petrochemical Co. (Sipchem) blamed plant shutdowns as it reported a 13.3 percent drop in third-quarter net profit on Tuesday that missed analysts’ forecasts.
RABAT: Morocco’s BMCE Bank is preparing to launch an Islamic subsidiary as a joint venture with a major Islamic financial institution from the Middle East, the bank’s managing director said.
CAIRO: Moody’s Investor Services said Egypt’s political and security situation has stabilized, raising the country’s outlook from negative to stable.
Saudi Arabia is working to stimulate and encourage investment in the Qassim Region, which will be connected by a regional railway network to be built at a cost of SR12 billion.
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