OUARZAZATE, Morocco: King Mohammed VI has inaugurated Morocco’s first solar power plant, a massive project that the country sees as part of its goal of boosting its clean energy output.
JAKARTA: Indonesia’s economy grew at its slowest pace for six years in 2015, data showed, as it was hit by plunging commodity prices and falling exports to key markets including China.
LONDON: Gold edged up to a three-month high on Thursday, a day after its best day in two weeks, buoyed by expectations that global economic and financial headwinds could make it tough for the US Feder
LONDON: Oil extended a rally above $35 a barrel on Thursday, adding to the previous session’s 7 percent jump, as support from a weaker dollar offset concern about ample supply and record-high US inven
JEDDAH: Stock markets in the Middle East firmed on Thursday as a second day of stronger oil prices helped to revive risk appetite, although Saudi Arabia’s bourse lost some steam in the final hour of t
JEDDAH: Existing warm Saudi-Indian ties were spiced up on Wednesday with the launch of the three-day Indian Food Festival in Jeddah.
BERLIN: A proposal by German Finance Minister Wolfgang Schaeuble to introduce a ceiling for cash payments to help combat money laundering and the financing of terrorism came under fire in Germany.
DUBAI: Middle Eastern business trends, innovation and entrepreneurship were the topics discussed by two of the region’s most savvy business leaders, in a Twitter discussion hosted by Young Presidents’
CAIRO: Egypt expects to receive a $1 billion World Bank loan approved in December once outstanding paperwork is finalized and is negotiating to secure more aid from Saudi Arabia, International Coopera
ZURICH: Swiss banking giant Credit Suisse has posted a net loss of nearly $3.0 billion for 2015, hit by hefty litigation provisions and restructuring charges, sending its share price down more than 12
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