Mounib Hammoud, CEO and Karim R. Itani, head of sales and marketing at Jeddah Economic Company, address a press conference in Jeddah on Wednesday. (AN photo by Khalil Hanware)
Caterpillar posted better- than-expected first-quarter earnings and sales and boosted its full-year profit outlook on improved expectations for construction while also saying the mining industry co
SAN FRANCISCO: Qualcomm, the world’s largest maker of mobile-phone chips, forecast fiscal third-quarter sales and profit that may miss analysts’ estimates as handset makers sell fewer phones based
LONDON: Barclays Plc said its first-quarter profit fell after a “significant” drop in revenue from its investment bank’s fixed- income operations, extending an industry slump across that busines
PARIS: Engineering giant Alstom, a top name in French industry, was caught in a swirl of speculation that US group General Electric is about to make a $13.0 billion bid, and its shares leapt.
SAN FRANCISCO — Apple's iPhone growth engine is showing signs of life.
LONDON: Britain’s hefty budget deficit has fallen to its lowest since the financial crisis, official data showed, helping the government argue it is delivering on a key economic pledge a year
Work on the Kingdom Tower in Jeddah is now above the ground and construction is moving at an accelerated pace, a top official announced on Wednesday.
DUBAI: Saudi Telecom Co (STC), the Gulf's biggest telecommunications operator by market value, has picked three banks to manage its debut Islamic bond offer, banking sources aware of the transaction t
The Saudi stock market continued its downward momentum and fell for a third consecutive session on Wednesday.
With an ambition to generate up to 25 percent of its electricity needs — or 5.6GW — through nuclear means by 2020 nuclear energy has gained momentum in the UAE.
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