Economy

JEDDAH: Saudi Arabia’s March inflation has edged down to 2.6 percent from 2.8 percent in February, according to official data. Saudi Arabia's Central Department of Statistics has released the...
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Nokia to offer voluntary retirement at tax-row factory

NEW DELHI: Nokia Oyj is offering voluntary retirement at an Indian factory at the center of a tax dispute after a review of the regulatory environment in countries where it operates.



JPMorgan earnings fall 19% on lower mortgage income

NEW YORK: JPMorgan Chase reported lower earnings due to a drop in its mortgage business as the US banking giant seeks to turn the corner after costly legal settlements.






New Asharqia board member wants to strengthen SMEs

Najeeb Saihati, a young businessman who has been appointed by the Ministry of Commerce and Industry to Asharqia Chamber’s board of directors, said he would present a program to develop small and med



TPG and Abraaj in exclusive talks for Saudi fastfood chain

JEDDAH: A joint bid by TPG Capital and Abraaj Group has emerged as the favorite to acquire a majority stake in Saudi fastfood chain Kudu after the selling shareholders entered exclusive talks with the



OPEC cautious on economy, sees lower demand for its oil

LONDON: OPEC lowered the expected demand for its crude oil in 2014 and ended a run of upward revisions to global consumption growth, highlighting concerns over the economy and pressure on its market s



Abu Dhabi stocks hit 8-year high

DUBAI: Abu Dhabi’s bourse rose to its highest level in eight years, largely on the back of four stocks that look likely to be included in the MSCI emerging markets index.



Prize chance for Web and smartphone application developers in Kingdom

In a major move aimed at attracting the most prominent local talents, ELM, a leading provider of innovative electronic solutions and government support services, has launched an initiative to encourag

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