Economy

JEDDAH: Middle East funds are heavily bullish toward Saudi Arabian stocks after news the market will open to direct foreign investment, while they are bearish on the United Arab Emirates because of...
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Bharti Airtel reports 61% earnings boost

NEW DELHI: India’s top mobile phone firm, Bharti Airtel, has reported a nearly 61 percent jump in quarterly profit from a year earlier, helped by easing competition and a wider customer base.








Deutsche Bank hit by Q2 profit fall and Moody’s downgrade

FRANKFURT: Deutsche Bank, Germany’s biggest lender, said its net profit in the second quarter fell by 29 percent, due mainly to a heavier tax bill.



Greek dairy company wins yoghurt case in Britain

ATHENS: Greece’s leading dairy company Fage said it had conclusively won a long legal battle in Britain to block a US-based rival from marketing strained yoghurt as ‘Greek yoghurt’.

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