Mohamed Al-Mady, SABIC vice chairman and CEO, interacted with Li Keqiang, premier of People’s Republic of China, on several occasions during the Boao Forum for Asia (BFA) Annual Conference 2014 in...
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India inflation accelerates, rate cut hopes dashed

NEW DELHI: India’s inflation accelerated in March to a three-month high, data showed, dashing hopes of an interest rate cut to boost the struggling economy.

Saudi firm moves toward 100% use of imported animal feeds

The Almarai Company has decided to stop the cultivation of fodder for animals and import it from abroad instead owing to the scarcity of water sources in the Kingdom.

Innovative solutions for power generation analyzed

The water, energy, technology, and environment exhibition (Wetex 2014) in Dubai is focusing on green solutions and green economy and the rapid developments and challenges in different sectors.

NBK net profit rises to $298m

National Bank of Kuwait (NBK), the largest Kuwaiti bank, reported net profits of $298 million (KD 83.9 million) in Q1, 2014 compared with $289 million (KD81.3 million) in Q1, 2013, up 3.2 percent year

Five IPOs in MENA raise $1.3bn in Q1

According to EY’s MENA IPO update, five IPOs (initial public offerings) from MENA raised $1. 3 billion in Q1, 2014, a decrease of 21 percent in terms of value compared to Q1, 2013.

TADAWUL: Industrial investment index up 2.72 percent, rises past 8,000-mark

Saudi Arabia’s benchmark Tadawul All-Share Index (TASI) dug in at 9,445.69 and ended its Monday's trading up over 20 points.

Maaden profit falls 48 percent

DUBAI: Saudi Arabian Mining Co. (Maaden) blamed falling metal prices after it posted a 48 percent drop in first-quarter net profit on Monday.

Yansab net profit drops 16.7% in Q1

DUBAI: Saudi Arabia's Yanbu National Petrochemical Co.

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