Economy



New Heathrow airport ‘runway possible by 2025’

LONDON: Heathrow Airport and rival Gatwick have published revised plans for new runways to increase London’s airport capacity, marking the latest stage in a long-running debate over how and where the



SABIC Chairman: Oil-to-chemicals complex to create 100,000 jobs

In a major move, Sabic has announced plans to develop the world’s first oil-to-chemicals complex in the Kingdom.



Lufthansa bullish on Mideast growth

Lufthansa, the largest European airline group, is giving a positive outlook on the 2014/2015 travel season for its business in the Middle East at this year’s Arabian Travel Market in Dubai.



Etihad shifts Qatar operations to new airport

Etihad Airways has announced the airline’s four daily passenger flights from Abu Dhabi to Doha will now operate from the new Hamad International Airport (HIA) from May 14.



Kuwait signs $3bn LNG supply deal with BP

KUWAIT CITY: Kuwait’s state oil group said it signed a five-year liquefied natural gas (LNG) supply deal with BP, worth an estimated $3 billion, the Gulf state’s second energy import deal this week.



Airbus reports profit leap, shares jump

PARIS: Airbus Group, formerly EADS, has reported a near doubling of quarterly net profit, strong helicopter activity, but a fall in new orders after an exceptional performance last year.



Tadawul rises 0.4%, Bupa shares touch all-time high

Saudi Arabia’s benchmark Tadawul All-Share Index (TASI) rose 40.34 points to finish at 9,816.19 after trading between 9,830.76 and 9,775.85.



From black to green: US billionaire’s “Road to Damascus“

BOSTON/JAKARTA/MELBOURNE: Billionaire Tom Steyer has rapidly become one of America’s most visible environmental advocates, vowing to punish lawmakers who don’t oppose climate change and pledging to sp



Global restaurant chain upbeat on KSA trade

A senior management team of US-based DineEquity (parent company of Applebee’s restaurant) recently visited Saudi Arabia and held several rounds of high-level meetings with the senior executives of Tar

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