Economy

The dilemma facing GCC finance ministers as they deliberate over a 100 percent increase in duty on tobacco products is underlined by a White Paper published yesterday wh

LONDON: The International Monetary Fund has urged Britain’s government to adopt a “clear” plan to sell its stakes in state-rescued lenders Royal Bank o

TOKYO: Sony chief Kazuo Hirai said Wednesday the company was examining a hedge fund proposal to sell off part of its entertainment unit in a bid to boost profits in its

The Islamic Development Bank Group has decided to increase its authorized capital from $ 45 billion (30 billion Islamic dinars) to $ 150 billion (100 billion dinars) on

The Saudi stock market recorded nominal gains yesterday, as the Tadawul All-Share Index (TASI) closed higher to 7,363.13, adding 7.86 points or 0.11 percent for the enti

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.