Justice V. R. Krishna Iyer, a former judge of the Supreme Court of India, has emphasized the need for introducing interest-free banking in the country to eradicate poverty.
LONDON: Gold edged off 3-1/2 week highs as US equities opened higher and the dollar pared losses, though concerns over the implications of US air strikes on Iraq supported the market above $1,300 an o
KUALA LUMPUR: Malaysia Airlines will be taken over by the country’s state investment fund and de-listed, as part of plans announced for a “complete overhaul” to rescue the company from oblivion after
LONDON: Sagging exports pushed Britain’s trade deficit to a five-month high in June, suggesting a more balanced economic recovery still looks a way off, although the construction industry recovered fr
YONGIN, South Korea: South Korean smartphone camera makers are tapping the surging yet more technologically demanding market for vehicle cameras to dull the impact of slowing growth in global handset
SINGAPORE: Singapore’s trade-sensitive economy grew 3.5 percent in the first half and was on track for 2.5-3.5 percent expansion this year, Prime Minister Lee Hsien Loong said.
BEIJING: Apple’s devices have never appeared on a Chinese list of products eligible to be bought with public money, state media quoted an official as saying, denying reports the US tech giant had been
The Kingdom’s economy remains robust with the key Saudi stock market index rising above the 10,000 mark last month for the first time in six years, Jadwa Investment says in its latest report.
Saudi Railways Organization (SRO) President Mohamed Al-Suwaiket has signed a contract for SR391.49 million with a local company to build the 214 km first phase of doubling the freight mainline from Da
The recent steep drop in oil prices and the continued unrest in oil-producing countries such as Libya and Iraq will not have a direct effect on Saudi Arabia’s current budget, despite possibly impactin
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