Economy



Mobily says audit committee meeting over results, shares halted

JEDDAH: Etihad Etisalat (Mobily), Saudi Arabia’s No.2 telecommunications operator, has requested that its shares be temporarily suspended, it said in a statement.



Oil price declines have small-cap shale investors scrambling

NEW YORK: Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the US shale energy boom close to their breaking point, while also prompting some well-known fun



Gold drops below $1,200; Silver dips 4%

LONDON: Gold dipped below $1,200 an ounce on Thursday and silver plunged 4 percent to its lowest since March 2010, a day after the US Federal Reserve gave upbeat comments about economic growth and end







Strong response for NCB IPO

The initial public offering (IPO) of the National Commercial Bank (NCB) was 210 percent covered by the end of the 12th day, according to the financial advisers and lead managers GIB Capital and HSBC S



Smartphone sales lifted by emerging markets

WASHINGTON: Global smartphone sales grew at a healthy pace in the third quarter, boosted by low-cost handsets in emerging markets, industry research showed.



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