KUALA LUMPUR: Malaysia, which drew the ire of the International Monetary Fund with capital controls 17 years ago, has ruled out doing so again as its currency plunges.
ASTANA: The Asian Development Bank (ADB) said Friday it had approved a $1 billion loan for energy-rich Kazakhstan after the Central Asian country's currency lost a quarter of its value against the dol
BEIJING: Activity in China's factory sector shrank at its fastest pace in almost 6-1/2 years in August as domestic and export demand dwindled, a private survey showed, adding to worries that the world
BRUSSELS: Euro zone business activity rose in August, a closely watched survey said Friday, on the back of solid growth in Germany and despite sluggishness in France.
MOSCOW: Russia's largest private oil firm Lukoil has sold some of its Kazakhstan stakes to China's energy giant Sinopec for $1.09 billion, the company said Thursday.
RIYADH: Saudi nonoil exports dropped by 21.13 percent in June, 2015, to reach SR15.38 billion compared to SR19.5 billion in the same period last year, according to a report released by the Central De
DUBAI: Most Middle East stock markets fell on Thursday as oil prices and global emerging market equities extended their slump, but Saudi Arabia bounced off an eight-month low and edged up after droppi
RIYADH: The share of the tourism sector in Saudi Arabia’s gross domestic product (GDP) stands at 2.7 percent but for the nonoil GDP it increases to 5.2 percent, according to a business magazine in the
LONDON: US crude oil prices fell to almost $40 a barrel on Thursday, their lowest since the global financial crisis of 2009, as supplies rose in North America and the Middle East, filling stockpiles t
RIYADH: Motor giant Abdul Latif Jameel (ALJ) and Toyota launched here Wednesday night the eighth-generation Hilux, which goes on sale across the Gulf countries, including Saudi Arabia this week.
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