NEW YORK: Fast-food chain McDonald’s said its first-quarter profit dropped 5.2 percent amid declining sales in its key US home market, and vowed to boost global sales.
GENEVA: Drugmakers Novartis and GlaxoSmithKline announced an extreme makeover, unveiling multi-billion-dollar deals also involving US group Eli Lilly in a major shakeup of the pharmaceutical sector.
KUWAIT CITY: Kuwait’s rising public spending and dependence on oil revenues are preventing sustainable economic development, the Gulf state’s central bank governor said.
DUBAI: Zain, Kuwait's No.1 telecom operator by subscribers, reported an 8 percent rise in first-quarter profit on Monday, beating analysts' estimates.
LONDON: Barclays is planning to withdraw from large parts of the metals, agricultural and energy markets as part of a restructuring of its investment bank, a person familiar with the matter said.
NEW YORK: Rising costs for materials and labor appear to be pressuring US businesses, according to a quarterly survey from the National Association of Business Economics.
TOKYO: Japan’s weakest export growth in a year spurred a wider-than-forecast trade deficit in March, adding to challenges for Prime Minister Shinzo Abe in steering the economy through the aft
CAIRO: Egypt plans to double the price of natural gas piped into some homes and businesses from next month, but the move will trim its huge fuel subsidy bill only slightly because few premises are con
DUBAI: Real estate developer Aldar Properties has launched three new developments in Abu Dhabi worth AED5 billion ($1.4 billion), the company said on Monday.
Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal, has announced the company’s financial results for the first quarter ended March 31.
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