Economy





Saudi Telecom Q2 net profit reaches SR2.56bn

JEDDAH: Saudi Telecom Co. (STC) blamed rising costs as it posted an 8.7 percent fall in second-quarter profitto extend a profit slump.



Dubai home sales plunge after officials move to ease volatility

DUBAI: Dubai home sales shrank by about two-thirds in the first half of 2015, and prices also slipped, with further declines expected over the rest of the year, property consultants JLL said in a repo






Subaru's secret: Low-paid foreign workers power an export boom

OTA, Japan: Yasuyuki Yoshinaga was in a good mood at the early May earnings briefing in Tokyo.



Volkswagen Q2 earnings down

FRANKFURT: Automaker Volkswagen AG saw profits slip in the second quarter despite taking the global lead in sales over Toyota and GM.



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