LONDON: US crude prices jumped more than 27 percent in three trading days between Thursday and Monday, which should convince even the most die-hard believers the oil futures market is neither efficien
JEDDAH: Saudi Arabia’s gross domestic product (GDP) grew at its fastest pace in over a year at 3.79 percent during the second quarter of this year, reaching SR617.88 billion compared to SR595.31 billi
DUBAI: Dubai's Deyaar Development will fund 30 percent of its $817 million Midtown project through bank loans, the real estate firm's chief executive said on Monday.
DUBAI: Most Gulf stock markets fell on Monday, tracking volatile oil prices, while Egypt's bourse jumped after energy major Eni announced a potentially huge natural gas discovery off the country's coa
Why would a company buy a multimillion-dollar airplane? To get more than that in results.
NEW YORK: World stock indexes edged lower on Monday amid persistent investor concerns about slowing growth in China and the prospect of higher US interest rates, while oil prices rallied.
ABU DHABI/DUBAI: A Dubai-based gold and jewelry retailer has defaulted on loans worth about 500 million dirhams ($136.2 million), with banks considering options including legal action to retrieve the
SHANGHAI: Chinese state media announced a slew of confessions on Monday following investigations into dramatic stock market fluctuations, including from a reporter who said he had spread false informa
NEW DELHI: India's economy grew by a slower than expected 7.0 percent in the first quarter, official figures showed Monday, adding to pressure on Prime Minister Narendra Modi to speed up efforts to bo
RIYADH: Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received former Australian PM Bob Hawke, at his office in Riyadh.
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