Economy

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. This will be part of...
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Kuwait’s Agility hopes for revenue rebound

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



Oman Oil in talks with Oxy to buy assets

MUSCAT: Oman Oil Co. is in talks with Occidental Petroleum Corp.



Sipchem Q3 net profit drops 13.3%

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.



Morocco’s BMCE Bank plans to launch Islamic unit

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.



Moody’s raises Egypt’s outlook to stable

CAIRO: Moody’s Investor Services said Egypt’s political and security situation has stabilized, raising the country’s outlook from negative to stable.



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