Economy

Saudi Arabia is working to stimulate and encourage investment in the Qassim Region, which will be connected by a regional railway network to be built at a cost of SR12 billion. This will be part of...
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IBM reports quarterly earnings plunge on disposal of chip unit

NEW YORK: IBM reported a collapse of its third-quarter profits Monday because of the $4.7 billion cost of offloading its micro-chip business to GlobalFoundries.






Saudi stocks buck trend with healthy gains

Saudi Arabia’s benchmark Tadawul All-Share Index bucked the three-day prevailing downward trend and logged a sharp gain of 2.39 percent on Sunday.







Khafji disruption ‘unlikely to hurt KSA’s oil output’

ALKHOBAR: Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been halted temporarily to comply with environmental rules, according to an industry source and an inte

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