Economy

PARIS: Airbus parent company EADS says its first quarter earnings were hammered by a hefty €158-million ($203-million) charge to fix problematic wing parts on its flagship A380 superjumbo.

The Abu Dhabi Tourism Authority (ABTA) launched on Monday a campaign to attract local tourists to visit the UAE's capital city during summer.

Karl-Michael Henneking, chief marketing and commercial strategy officer of Etihad Etisalat (Mobily) believes the telecom, the Internet and IT sectors in Saudi Arabia are rapidly developing and converg

BRUSSELS/BERLIN: Germany pulled the euro zone's economy back from the brink of recession at the start of 2012 but stagnation in France and contraction in southern Europe underlined sharply differing f

Saudi Arabia’s key stock market index gained 0.5 percent yesterday to 7,104 points with support from the banking sector.

Asiya Investments (Asiya) yesterday announced the launch of its advisory firm at the Dubai International Financial Centre (DIFC), marking a considerable expansion of operations by the group.

MEDEXPO, described as the only international and one-of-its-kind health care exhibition, spread across 5,000 square meters will be held from June 17-20 at the Jeddah Center for Forums and Events in Je

Minister of Petroleum and Mineral Resources Ali Al-Naimi spoke about the outlook of the oil and gas sector, and the role of technology in the discovery of more reserves in his key speech at the Gas an