Economy

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received Nick Baird, chief executive of UK Trade & Investment (UKTI) and an accompanying delega

The cement crisis is reappearing in the Eastern Region as a number of distributors are increasing their prices to consumers by up to 25 percent with a normal bag sold at

The Saudi Arabian General Investment Authority’s (SAGIA) board of directors discussed at its meeting recently a number of topics, including the Kingdom's effor

DUBAI: Dubai contractor Arabtec said a four-day strike by foreign workers seekinghigher pay was over and the emirate's police chief said 200 of them would be repatriated.

DUBAI: Emirates NBD launched a $ 1 billion core capital-boosting bond yesterday, amid healthydemand, allowing the Dubai lender to tighten earlier price guidance.

Majid Al Futtaim Holding has announced the purchase of the 25 percent minority stake owned by Carrefour Group in Majid Al Futtaim Hypermarkets LLC for 530 million euros.

RIYADH: Saudi economic growth will slow to 4.4 percent in 2013 from 6.8 percent last year due to an expected fall in oil production, and cuts in government spending, the International Monetary Fund

Siemens, a global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and health care sectors, has been awarded two contracts worth around SR 1 bi

THE HAGUE: The hunt for Royal Dutch Shell’s next chief executive is under way, its chairman said, after CEO Peter Voser made what could be his last appearance at the oil group’s annual shareholder

LONDON: The European Commission is asking oil traders across the continent to provide evidence of market abuse to determine whether companies sought to manipulate prices reported to leading price-sett