The Capital Market Authority (CMA) has issued a set of draft rules for foreigners ahead of the opening of the $580 billion Saudi stock exchange to global investors next year.
LONDON: Brent crude oil fell below $102 a barrel on Thursday, near a 14-month low, on plentiful fuel supplies and as Chinese economic data pointed to slowing demand, although prices steadied in early
JEDDAH: Saudi Arabia’s stock market regulator proposed rules for opening the $580 billion market to direct investment by foreign institutions, including a 10 percent cap on foreign ownership of the ma
HONG KONG: Asian markets mostly fell, with downbeat Chinese manufacturing data dragging down Hong Kong and Shanghai as concerns grew about the pace of recovery in the world’s second-largest economy.
ZURICH: Swiss engineering group ABB has developed technology that can double the power flow of underground cables, making it cheaper to integrate electricity into the grid from distant offshore wind f
ABU DHABI: Banking group Standard Chartered Plc is liable to legal action in the UAE after it agreed to close some customers’ UAE accounts in an anti-money laundering settlement with US regulators, th
WASHINGTON: Bank of America (BofA) agreed to a record nearly $17 billion deal with US authorities to settle claims it sold risky mortgage securities as safe investments ahead of the 2008 financial cri
NEW YORK: Barnes & Noble and Samsung unveiled a new reading-focused tablet that will replace the bookseller’s own Nook tablets.
SAN FRANCISCO: Hewlett-Packard has reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.
SAN FRANCISCO: Apple’s stock touched a new high, reflecting investors’ renewed faith in CEO Tim Cook’s ability to outwit the competition and expand the technological hit factory built by the late Stev
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