ThyssenKrupp CEO Jens Michael Wegmann signing agreement for building cement plants in Riyadh on Tuesday. (AN photo by Ghaffar Ahmed Khan)
SAN FRANCISCO: Lack of a long-awaited turnaround at Yahoo has put pressure on chief executive Marissa Mayer to prove she has what it takes to revive the faded Internet pioneer.
LONDON: Journalists at Britain’s Financial Times have voted to take strike action over changes to the group’s pensions after the sale of the newspaper to Japan’s Nikkei, the National Union of Journali
ABUJA: Nigeria hopes to reach a deal with China within weeks to set up 40 rice mills, its new agriculture minister said, as part of plans to eliminate the need for any imports of the grain within two
COLOMBO: Sri Lanka’s new government Friday used its first full budget to lift taxes on foreign investors and vowed to reverse “isolationist” policies of the former regime.
CHICAGO: Wal-Mart has been dogged by criticism of the standard of its stores in recent years, including long checkout lines and insufficient stocking of its shelves.
MANAMA: Saudi Arabia has called for sustained investment in new output capacity despite the slump in world prices.
JEDDAH: Petroleum and Mineral Resources Minister Ali Al-Naimi called for joint action among fellow Arab energy producers to increase trade, investments and partnerships.
LONDON: Oil prices fell on Thursday, with US crude dipping below $40 per barrel, retreating from early gains amid a persistent global glut of crude and refined fuel.
JEDDAH: A recent Bank of America Merrill Lynch research report titled, ‘MENA & Frontier Observer — Frontier markets screening increasingly more attractive: Focus on quality’, says that GCC equity mark
RIYADH: Saudi Arabia’s construction industry faces difficult times ahead as the prospect of state budget cuts adds to painful labor reforms, according to major builder Al-Khodari, in a sign of the str
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