RESTORING CONFIDENCE: Traders work at Egypt’s Stock Exchange in Cairo. Egypt’s bourse rallied 2.4 percent as a draft constitution gained traction and an interest rate cut boosted sentiment. (Reuters)
The Islamic Corporation for the Development of the Private Sector (ICD) announced the launch of its first project in Palestine, a specialized Ijara company, in partnership with the Palestine Investmen
Jeddah International Trade Fair (JITF), the longest established multisector exhibition in Saudi Arabia in its 25th edition, will take place from Dec. 15-18 at Jeddah Centre for Forums & Events.
NEW YORK: Twitter Inc is tying up with a Singapore-based startup to make its 140-character messaging service available to users in emerging markets who have entry-level mobile phones which cannot acce
The Saudi International Petrochemical Company (Sipchem) and Sahara Petrochemical Company (Sahara) have jointly signed a memorandum of understanding (MoU) to start the due diligence process over a prop
Citadel Capital, a major investment company in Africa and the Middle East with $9.5 billion in investments under control, was a key participant at the Egypt GCC Investment Forum, a two-day event host
SAN FRANCISCO: Microsoft Corp.
KARACHI: Pakistan's main stock exchange closed higher on Friday, with the benchmark 100-share index of the Karachi Stock Exchange rising 0.28 percent, or 69.86 points, to 24,870.55.
BEIJING: A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three indus
MUMBAI: The Indian rupee rose on Friday, notching up a third week of gains, while US nonfarm payrolls data and state poll results are expected to determine whether the currency would sustain its recen
COLOMBO: The Sri Lankan rupee ended firmer for a fifth straight session on Friday, rising to its six-week closing high as inward remittances and exporter dollar conversions outpaced importer dollar de
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