LONDON: Financiers may grumble that the US is acting like an imperial power in punishing foreign banks for dealings far beyond US territory, but in the end they are more likely to bow to Washington th
The volume of investments in the incense and oud sector is estimated at more than SR15 billion ($4 billion) annually, local media said quoting an expert.
TRIPOLI: The Libyan Investment Authority (LIA), the sovereign wealth fund of the North African oil producer, has appointed a new chief after his predecessor stepped down over a controversial political
The financial crisis of 2008 triggered a recession and dramatic drop in stock markets around the world.
The Egyptian Ministry of Tourism and Egyptian Tourism Authority (ETA) announced tourism statistics for the month of May 2014 that reveals a significant increase in the number of tourists visiting Egyp
LONDON: British construction output suffered a steep fall in May, raising the prospect that overall economic growth may fall short of expectations in the second quarter.
WASHINGTON: The US White House said the federal budget deficit will fall to $583 billion this year, the smallest deficit of President Barack Obama’s tenure and the first to dip below $600 billion sinc
Global spending on energy subsidies totaled $492 billion in 2011.
Jadwa Investment, a major Saudi investment firm with headquarters in Riyadh, Saturday announced the appointment of Abdulaziz Al-Arifi as chief financial officer.
SEOUL: LG Display Co. has developed an 18-inch flexible display that can be rolled into the shape of a thin cylinder, a step toward making a large display for flexible TVs.
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