JEDDAH: Stock markets in Saudi Arabia and the UAE soared on Thursday after the price of oil rebounded and the Riyadh government eased investors’ fears by saying it would continue spending heavily on e
Saudi Railways Organization (SRO) President Mohammed Al-Suwaiket has lauded the efforts of Saudi Commission for Tourism and Antiquities (SCTA) in developing the tourism sector and preserving national
JEDDAH: Saudi Arabia shipped more crude oil in October than a month earlier while volumes used by domestic refineries remained high allowing more oil products exports, official data showed.
LONDON: Brent crude pared early gains on Thursday to trade back below $62 a barrel, giving up much of a 3 percent spike in London as traders assessed whether a price rout is done.
DUBAI: Slumping oil prices will not halt a massive ramp-up in Gulf infrastructure spending, as rich nations deploy huge reserves to maintain a breakneck development pace and the rest turn to buoyant f
Industry needs for the estimated SR45 billion for rail projects will be displayed at Saudi Rail 2015 to be held in Riyadh next month.
NEW YORK: Global equities markets rallied on Thursday, with Wall Street up more than 1 percent for a second straight day on what investors viewed as a favorable result from the US Federal Reserve’s mo
LONDON: Central bank foreign exchange reserves may have fallen last quarter for the first time since the global financial crisis, halting a decade-long shift out of dollars and threatening a key suppo
HELSINKI: Two of Europe’s top three remaining telecommunications equipment companies, Nokia Networks and Alcatel-Lucent, have revived talks on a possible merger, Germany’s Manager Magazin reported, ci
ANKARA: Turkey has brushed off concerns over the possible impact of the Russian economic crisis, saying its economy was strong enough to survive the turbulence in emerging markets.
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