A Conoco gasoline station in St. Louis, Missouri. (Reuters)
DALLAS: Boeing Co.’s fourth-quarter profit rose 19 percent as demand for commercial airliners trumped weakness in its defense business.
NEW YORK: McDonald’s CEO Don Thompson is stepping down as the world’s biggest hamburger chain fights to hold onto customers and transform its image.
To showcase several innovative products and solutions covering, smart city, public safety, education, intelligent transportation and green energy, ZTE (HK) Saudi Arabia hosted its 2015 partnership eve
LONDON: Energy giant Royal Dutch Shell has announced an eight-percent drop in annual net profits owing to a slump in global oil prices and said it would accelerate spending cuts.
LONDON/BERLIN: British Airways is facing a backlash from customers after making changes to the way passengers can earn and spend miles under its Avios frequent flyer program, with some threatening to
NEW YORK: Oil company ConocoPhillips has slashed its 2015 drilling budget, cutting it for the second time in less than two months as falling oil prices pressure petroleum-sector earnings.
COLOMBO: Sri Lanka’s new government has announced hefty taxes on top companies in a bid to raise revenue, accusing the previous regime of fudging the figures and leaving the economy in a “sad state.”<
In spite a slowdown in world economy, the performance of Saudi banks remained sound in 2014.
The passing of King Abdullah and the advent of Custodian of Two Holy Mosques King Salman is a time of continuity in the Kingdom’s oil policy not a time of radical change.
JEDDAH: Saudi Arabia’s stock market gained strongly for a second straight day as oil prices rebounded from the day’s lows, reinforcing a growing perception among investors that they have found a floor
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