Economy

Mohamed Al-Mady, SABIC vice chairman and CEO, interacted with Li Keqiang, premier of People’s Republic of China, on several occasions during the Boao Forum for Asia (BFA) Annual Conference 2014 in...
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Kingdom, Belgium tackle arbitration, mediation among key issues

The visit of Princess Astrid of Belgium last month to Saudi Arabia with a delegation of more than 150 companies and businessmen has brought to attention the vital role of arbitration and mediation Bru



Sony’s PlayStation 4 sales top seven million

TOKYO: Sony says it has sold seven million PlayStation 4 worldwide since its launch last year and admitted it can’t make them fast enough, in a welcome change of fortune for the Japanese consumer el



Saudi-based Taiwanese venture stands out with innovative range

Saudi-based Taiwanese Company Asus offers groundbreaking products, which exemplify extreme sophistication and usability.



PepsiCo’s profit rises on snack sales, cost cuts

NEW YORK: PepsiCo reported a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world.



Co-op laments worst year after 2.5bn pound loss

LONDON: Britain’s Co-operative Group made a loss of 2.5 billion pounds ($4.2 billion) in 2013, capping the worst 12 months in the mutual’s 150-year history and ramming home the need for radical re



US banking giants see mixed results

US banking giant Goldman Sachs reported a drop in net earnings while Morgan Stanley saw an increase in profits.



GE Q1 earnings fall, outlook strong

NEW YORK: General Electric posted lower first-quarter net income than a year ago because last year’s results included the sale of NBC Universal.





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