Economy



Sweden cuts interest rate to zero

STOCKHOLM: The Swedish central bank set a zero base interest rate, deciding to cut its key rate by a quarter of a percentage point in a drive to push up exceptionally low inflation.




StanChart profit tumbles, plans extra $400m in cost cuts

HONG KONG: Standard Chartered Plc said operating profit for the third quarter dropped 16 percent and earnings would fall in the second half as a whole, hurt by a jump in bad loans and higher regulatio



Sharjah free zone firm Alliance Plastics investing in expansion

Sharjah is going to witness a boost in the manufacturing of plastic products to meet the growing demand from the local and GCC markets. 








Amiantit unit completes acquisition of German firm

International Infrastructure Development Management & Operation Company Ltd., a 100 percent subsidiary of the Amiantit Group, acquired the remaining 20 percent shares of PWT Wasser und Abwassertechnik

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