JEDDAH: Growth in Saudi Arabia’s bank lending to the private sector slowed to an annual 8.4 percent in August, the lowest rate since June 2011, from 9.4 percent in July, central bank data showed.
NEW DELHI: Narendra Modi has hailed Germany as a “natural partner” of India after signing deals with Angela Merkel on clean energy and speeding up the European powerhouse’s investment in Asia’s third
Saudi Arabia and the UAE jointly account for over 45 percent of the UHNW (ultra high net worth) population in the Middle East, a new Wealth-X study has found.
DUBAI: Oman’s Renaissance Services plans to sell Topaz Engineering Limited for $18.5 million to Chalmers Holdings, the company said.
DUBAI: Short-term Qatari money rates fell back on Sunday after the central bank governor signalled monetary conditions would not tighten and said Qatar would not follow the US in hiking interest rates
ALKHOBAR: Saudi Arabia’s PetroRabigh will launch the bidding process on Monday to build new units, including one to produce clean fuel, at its petrochemical and refining complex in Rabigh, it said.
JEDDAH: Saudi Arabia plans to convert a state-owned housing fund into a bank, the latest in a string of reforms to the economic policy apparatus announced since January.
JEDDAH: Middle East stock markets moved little in modest trading volumes on Sunday as uncertainty over oil prices and the global market environment kept many investors away.
MUSCAT: Oman will open subscriptions on Thursday for its first sovereign issue of Islamic bonds, taking a major step to develop its Islamic finance industry and giving the government a fresh channel t
ABU DHABI: The UAE is moving ahead with its oil and gas investments despite the current drop in oil prices and expects no delays in plans to boost its crude output potential by 2017, the country’s ene
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