Economy



Limitless to pay $564m to creditors

DUBAI: Dubai real estate developer Limitless has taken a step closer to securing a second restructuring on debt outstanding from Dubai's property crash six years ago.









HSBC Bank Oman agrees to sell Pakistan business to Meezan

DUBAI: HSBC Bank Oman HBOM.OM has agreed to sell its banking business in Pakistan to Meezan Bank, a Shariah-compliant Pakistani lender, it said.



New multilateral bank to take concrete shape this week

SHANGHAI: One of China’s biggest ever foreign policy successes will take concrete shape when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing



Almarai gets final SR790m bakery fire compensation

JEDDAH: Almarai, the Gulf’s largest dairy company, said the final amount of compensation it would receive from its insurer after a fire at one of its bakeries last year was 790 million riyals ($210.6

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