DUBAI: Oman has ramped up its oil production to a record high in June, adding to a global supply glut that has hit oil prices, as the Gulf Arab country compensates for the drop in its oil revenue.
The flow of UK data releases was minimal last week. The most exciting event seemed to be England beating the Australians at cricket.
HONG KONG: HSBC has agreed to sell its Brazilian business to local group Banco Bradesco, the British banking giant announced alongside news of a fall in net profits.
ATHENS: Greece’s bruising fight with its international creditors sent economic sentiment to its lowest level in nearly three years in July and knocked manufacturing activity down to record lows.
FRANKFURT: German car makers BMW, Audi and Mercedes-Benz have teamed up to buy digital mapping service HERE for 2.8 billion euros ($3.1 billion) from Nokia, the Finnish telecoms group said.
Whether you are the victim of a solicitous conman offering to help you with the confusion of converting foreign exchange or the target of a more elaborate scam where you and your luggage are easily pa
JEDDAH: Saudi Arabian Monetary Agency (SAMA) has tightened restrictions on cash withdrawals from banks using credit cards in an effort to head off any consumer debt problems.
KUWAIT: Even after the pickup in prices since the beginning of the year — partially offset by last month’s developments — oil price levels continue to bode well for Asian emerging markets’ gross domes
DUBAI: Mobile operator Viva Kuwait reported an 8 percent rise in second-quarter profit on Sunday.
DUBAI: Dubai's Emaar Properties, builder of the world's tallest tower, reported a 16 percent rise in second-quarter net profit on Sunday as other income increased and it received more money in income
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