Corporate News

RIYADH: The General Organization of Social Insurance (GOSI) distributed SR7.9 billion to beneficiaries last year, a report said on Thursday. â€

WASHINGTON: The number of Americans claiming initial unemployment benefits dropped last week but remained elevated and retail sales barely rose in June, suggesti

WASHINGTON: Federal Reserve Chairman Ben Bernanke said Wednesday that the central bank is prepared to provide additional stimulus if the current economic lull pe

DUBAI: Bank Muscat, Oman’s largest lender by market value, reported a 30-percent-increase in second-quarter net profit on Wednesday, beating analysts estimates

ACCRA: Ghana's annual inflation rate fell to 8.59 percent in June from 8.90 percent the month before, the Ghana Statistical Service said on Wednesday.

ABU DHABI: First Gulf Bank (FGB), UAE’s second largest lender by market value, posted a 13 percent rise in second quarter net profit, beating analysts’ forec

ABU DHABI: Abu Dhabi green energy firm Masdar expects to invest $290 million in clean tech projects around the world by 2014, a senior company official said.

JEDDAH: The Middle East equity capital markets (ECM) recorded an 81 percent increase to $8.3 billion in the first half of 2011 compared with $4.6 billion during

LONDON: World oil demand growth will accelerate next year, adding to the pressure on available supplies, the International Energy Agency said on Wednesday, contr

CAIRO/DUBAI: Egyptian shares rebounded on Wednesday, buoyed by efforts of a ruling military council to defuse political tensions, and advancing global stocks als