Indian Finance Minister Arun Jaitley displays a briefcase containing union budget for the year 2015-16 as he leaves his office for Parliament to present the union budget in New Delhi. (AP)
NEW DELHI: India has announced a cut in corporate taxes and other initiatives for a more stable and predictable tax regime in a bid to woo foreign investors and spur faster growth in Asia’s third bigg
WASHINGTON: US economic growth braked more sharply than initially thought in the fourth quarter as businesses slowed their pace of stock accumulation and the trade deficit widened, but the underlying
LONDON: Oil prices have probably touched bottom and should recover in the second half of 2015 as the collapse in the market over the last year begins to curb production, a Reuters survey of analysts s
The Royal Commission of Jubail (RCJ) organized a conference on construction opportunities, in collaboration with MEED, in which experts and specialists took active part.
Several local and regional industrial factories in Jeddah intend to transfer their industrial activities from Jeddah to the Industrial Valley at King Abdullah Economic City (KAEC) for its strategic ec
A high-level Sudanese delegation headed by Investment Minister Mustafa Osman Ismail arrived on Friday to explore investment opportunities for Saudi investors in Sudan that will pave the way for food s
LONDON: Sterling steadied after a rollercoaster week which has seen it scale seven-year highs against the euro even as doubts appear over how much more it can gain ahead of a potentially unsettling el
TOKYO: Japan’s inflation rate has fallen to its lowest level since just after Tokyo launched a high-profile offensive aimed at conquering years of falling prices and tepid growth, data showed.
ISTANBUL: Turkish Central Bank Governor Erdem Basci sought to calm jittery investors, appearing to dismiss rumors that he would resign and giving a brief lift to the lira currency after it tumbled to
BERLIN: Germany’s parliament has approved an extension of Greece’s bailout after Finance Minister Wolfgang Schaeuble, who has voiced doubts about whether Athens can be trusted, promised he would not l
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