WASHINGTON: The US Federal Reserve has made a big bet that recovery of the labor market is a long way from creating a worrisome surge of inflation.
ABU DHABI: Aldar Properties, Abu Dhabi’s largest real estate developer, reported a jump in its second-quarter net profit, after excluding one-time merger gains in the corresponding period last year.
FRANKFURT: Volkswagen, Europe's biggest auto group, posted a robust quarterly net profit thanks to growth in China and higher profits at its luxury car divisions Audi and Porsche.
Mobily has started receiving the applications for the 2014 Apps Developers Award. Developers can join until the end of next Sunday (Aug. 10) through the website developers.mobily.com.sa/award
NEW YORK: A majority of Wall Street’s top bond firms see no move by the Federal Reserve to raise interest rates before the second half of next year, and most see the US central bank sticking with a ra
Air traffic between Saudi Arabia and Egypt grew by 22 percent in July and poised to register higher levels in the next few months, local media said quoting an expert.
Sales of the listed retail companies grew by 11.46 percent to SR7.65 billion in the second quarter of the current year compared to SR6.86 billion in the same period last year, according to a financial
PARIS: Airbus’s summer sales campaign with the new A330neo airliner has triggered warnings of potential oversupply in the wide-body market and of a bruising price battle as the older-generation model
YANGON: Qatari telecoms firm Ooredoo has started selling low-cost SIM cards in Myanmar, opening up access to mobile services in one of the world’s last virtually untapped phone markets.
SAN FRANCISCO: Apple said it closed its $3 billion deal for Beats, the high-end audio equipment and streaming music service, a tie-up that could allow the iPhone maker to reach new audiences.
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