A Conoco gasoline station in St. Louis, Missouri. (Reuters)
What the world faces today affects corporate strategies, says Patrick Dixon, a futurist and chairman of trends forecasting company Global Change.
DUBAI: Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in the region and the US diverge
DUBAI: Kuwait's Gulf Bank, the country's fourth-largest lender by assets, reported a 10.7 percent rise in fourth-quarter net profit on Tuesday, and said it had recovered from the global financial cris
JEDDAH: Zain Saudi has received regulatory approval to cut its capital for a second time, a move common in Saudi Arabia to offset accumulated losses, the telecom operator said.
The Saudi stock market ended Tuesday’s trading session solidly in the green.
JEDDAH: Saudi Arabia’s Samba Financial Group said its board had proposed increasing the bank’s capital by SR8 billion through issuing bonus shares to help support future growth.
NEW YORK: Dealmaking in the tech sector jumped last year to the highest levels since the dot-com boom, a consultancy report said.
NEW YORK: US heavy equipment maker Caterpillar said that the plunge in oil prices took a hit on the company’s earnings in the fourth quarter of 2014.
BAGHDAD: Falling oil prices forced Iraq’s cabinet to revise its draft 2105 budget, trimming its forecast for oil to $55 a barrel from $60.
SAN FRANCISCO: Microsoft has reported that its quarterly profit dipped but revenue increased in a sign that it is adapting to lifestyles centered on mobile devices and cloud services.
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