DUBAI: A Dubai-based gold and jewelry retailer that defaulted on loans worth about AED500 million ($136 million) has asked banks for time to put together a repayment plan, the company said.
RIYADH: Boeing, a $91 billion US aerospace giant, has taken initiatives to build local capabilities in aviation and defense sectors of the Kingdom.
WASHINGTON: The US trade deficit fell in July to its lowest level in five months as exports rose broadly, signaling underlying strength in the economy amid concerns about a global growth slowdown.
PARIS: World finance ministers and central bankers gather in Turkey on Friday and Saturday to grapple with the fallout of slowing growth in China, tanking emerging economies and panicked global stock
FRANKFURT: The European Central Bank cut its inflation and growth forecasts for the euro zone and its president said things could get worse.
LONDON: EasyJet raised its full-year profit outlook after record demand for beach holidays and city breaks showed the British low-cost airline was more than meeting a challenge from reinvigorated riva
DUBAI: Emirates celebrated the company record arrival of four new aircraft in one day, affirming its commitment to flying a modern, efficient and comfortable fleet.
JEDDAH: Gulf stock markets consolidated after oil prices and global equities steadied, while Egypt jumped on strong economic data and corporate news.
LONDON: Oil prices rose on Thursday as an equity market rally offset a surprise increase in US oil inventory levels and a firm dollar.
JEDDAH: Saudi Basic Industries Corp. 2010.SE said it had cut its domestic retail price for rebar steel by SR200 per ton, effective from the start of this month.
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