Economy



Ford India recalls 111,000 cars over fault fears

NEW DELHI: US auto giant Ford's India unit said yesterday it was recalling at least 111,000 vehicles to check for potentially faulty parts that could cause breakdowns or fire



Saudi electricity company signs SR 700m contracts

Saudi Electricity Company's Chief Executive Officer, Eng.



Saudi attorney calls for new antitrust law

Prominent Saudi attorney Khalid Alnowaiser has issued a call for a new antitrust law to eliminate business monopolies that stifle competition in the Kingdom.



Sharp running out of options

TOKYO: Japan's Sharp Corp.



Global plans $433 m debt-for-equity swap

DUBAI: Global Investment House, the Kuwaiti investment firm undergoing its second debt restructuring in three years, will seek shareholders approval for a debt-for-equity swap wh



Tadawul at 11-week high

DUBAI: Kuwait's bourse closed at eight-year low yesterday as the country's political crisis weighed on investor sentiment, while other regional indices ended mixed.



Al Baraka Banking Q2 net income rises 13%

DUBAI: Bahrain-based Islamic lender Al Baraka Banking Group posted a 13-percent rise in quarterly net income, the bank said yesterday, boosted by growth in its lending operations



Lack of any major spark keeps gold in a tight range

Prices were generally higher across the different commodity sectors last week, with weather and geopolitics still having the upper hand.



Small US dairy farms worst hit by historic drought

CHICAGO: The worst drought in half a century will hit livestock producers in the US harder than grain farmers as soaring feed costs erase profits and drive many to take on more d



Nuclear and renewable energy to test German grid

LONDON: Germany will have to deploy a range of technologies and strategies to protect its grid from a continuing power supply overhaul, after shutting a swathe of its nuclear fle

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