Economy





Dubai airport traffic cut by runway work in June

DUBAI: Passenger traffic through Dubai’s main airport dropped 8.5 percent from a year earlier in June to 5.07 million people, as construction temporarily reduced its capacity, operator Dubai Airports






MENA gets further boost with Saudi capital market reforms

Following a Cabinet approval, Saudi Arabia — the largest equity market in the MENA region — should soon open for direct foreign investments.



Savola in talks to sell packaging business

DUBAI: Saudi Arabia's Savola Group has signed a non-binding agreement to sell its packaging business to Takween Advanced Industries 1201.SE, as it moves to focus on its core sectors of food and retail




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