Economy

Commerce and Industry Minister Tawfiq Al-Rabiah yesterday promised full government support to industries tapping into alternate sources of energy. Speaking at the 4th Renewable Energy and Energy...
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Airbus parent profits hit by A380 wing problem

Tuesday 15 May 2012
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.
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Abu Dhabi launches summer tourism drive

Tuesday 15 May 2012
The Abu Dhabi Tourism Authority (ABTA) launched on Monday a campaign to attract local tourists to visit the UAE's capital city during summer.
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Internet applications are not a threat, but an opportunity

Tuesday 15 May 2012
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
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Germany saves euro zone from recession

Tuesday 15 May 2012
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
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Tadawul rallies but euro stocks dip to 2012 low

Tuesday 15 May 2012
Saudi Arabia’s key stock market index gained 0.5 percent yesterday to 7,104 points with support from the banking sector.
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Asiya Investments launches advisory services arm

Tuesday 15 May 2012
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.
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Over 50% MEDEXPO exhibitors represent international markets

Tuesday 15 May 2012
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
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Technology key to discovery of more oil reserves: Al-Naimi

Tuesday 15 May 2012
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
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