JEDDAH: Annual growth in the Saudi oil sector will remain positive in 2016 with average oil output expected to increase slightly, as the Kingdom continues to protect its share in the oil market, accor
DUBAI: Emaar Malls, the shopping and retail arm mostly owned by Dubai’s Emaar Properties giant, said its annual profit surged 23 percent to $451 million in 2015, as rental income increased.
DUBAI: Saudi Arabia’s stock exchange (Tadawul) is not certain that it can join international index compiler MSCI’s emerging markets index in 2017, the exchange’s acting CEO was quoted as saying.
JEDDAH: Major stock markets in the Middle East fell on Sunday after oil prices pulled back and global bourses sold off at the end of last week.
DUBAI: Authorities in Qatar will use fiscal policy and money market operations if needed to prevent low oil and gas prices from causing a liquidity crunch in the banking system, the governor of the ce
DUBAI: National Bank of Kuwait might have to take further provisions for non-performing loans if markets remain weak, its CEO Isam Al-Sager said in an interview aired on Al Arabiya television.
LONDON/HOUSTON: As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis.
FRANKFURT: The head of Norway’s sovereign wealth fund — one of the biggest capital pools in the world — has lashed Volkswagen’s ownership structure as giving too much power to family shareholders and
BEIJING: Government subsidies are fueling a boom in electric vehicles in China, driving hopes for the industry’s global future as the world’s biggest car market offers economies of scale that could ma
BEIJING: China’s foreign exchange reserves have fallen to their lowest level in more than three years, the central bank said, as Beijing sells dollars to stop the yuan from depreciating further.
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