Economy

Mohamed Al-Mady, SABIC vice chairman and CEO, interacted with Li Keqiang, premier of People’s Republic of China, on several occasions during the Boao Forum for Asia (BFA) Annual Conference 2014 in...
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Ford launches luxury Lincoln brand in China

WASHINGTON: Ford Motor launched its luxury Lincoln car brand in China, just days ahead of Beijing’s auto show in the world’s largest car market.



Etihad toughens stance on Alitalia deal but talks continue

ROME: Etihad Airways has toughened its stance on conditions for investing in Italy’s struggling Alitalia in continuing negotiations between the airlines, sources close to the matter said.



Emirates reduces flights to 41 destinations for 80-day period

DUBAI: Emirates airline will continue to serve all of its worldwide destinations during the 80-day period of runway upgrading works at Dubai International starting May 1.



Eritrean envoy highlights Alwaleed’s contributions

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received at his office Mohammed Omar Mahmoud, ambassador of Eritrea to Saudi Arabia.



Fired Yahoo executive gets $58m for 15 months of work

SAN FRANCISCO: Yahoo’s recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.



Google’s first quarter earnings disappoint as ad prices slip

SAN FRANCISCO: Google’s first-quarter earnings growth faltered as the Internet’s most influential company grappled with a persistent downturn in advertising prices while spending more money to hir



Al-Tayyar Travel Group Q1 net profit rises 28%

JEDDAH: Saudi Arabia’s Al-Tayyar Travel Group posted a 28.4 percent rise in first-quarter net profit as sales increased and it sold property and equipment.



Wipro quarterly profit up 41%

BANGALORE: Wipro, one of India’s biggest outsourcing exporters by sales, has reported quarterly net profit jumped 41 percent as clients increased spending on the back of a pick-up in the global econ



Kingdom, Belgium tackle arbitration, mediation among key issues

The visit of Princess Astrid of Belgium last month to Saudi Arabia with a delegation of more than 150 companies and businessmen has brought to attention the vital role of arbitration and mediation Bru

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