The president of Saudi Ports Authority, Abdul Aziz Altuwaijri, has emphasized the importance of linking Dammam and Jeddah ports by a railway line, saying it would boost Saudi Arabia’s trade with GCC a
LONDON: Brent crude oil plunged more than $6 a barrel, the sharpest one-day fall since 2011, after OPEC decided not to cut production despite a huge oversupply in world markets.
JOHANNESBURG: Plunging world oil prices have dealt a blow to Africa far greater — in purely economic terms — than Ebola, setting back investment in exploration and plans to industrialize.
Saudi Arabia’s bank lending growth to the private sector accelerated to 15.7 percent year-on-year in October, the fastest rate since May 2013, from 13.2 percent in the previous month, data from Saudi
GENEVA: The World Trade Organization has adopted the first worldwide trade reform in its history, after years of stalemate, months of deadlock and a final day’s delay following an eleventh-hour object
Le Concheur, the manufacturer of the finest brands of the luxury Belgian chocolates in the world, has opened its first chocolate store and cafe in the Middle East — Jeddah city.
The Islamic Corporation for the Development of the Private Sector (ICD) has been awarded the accolade of ‘Excellence in Development of the Islamic Private Sector – MENA 2014’ by International Finance
JEDDAH: Zain Saudi has proposed a capital reduction to shareholders to eliminate all accumulated losses up to Sept. 30, the company said in a statement on the Kingdom’s bourse.
JEDDAH: Most Gulf stock markets fell, while Egypt’s bourse rose as Cairo’s government eyed savings from cheaper crude.
MANILA: Growth slowed sharply in the Philippine economy in the third quarter because of typhoon damage and falling public spending, officials said.
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