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.
ZURICH: Banking giant UBS announced that its net profit had risen by 32 percent in the third quarter to 762 million Swiss francs (632 million euros, $802 million).
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 is going to witness a boost in the manufacturing of plastic products to meet the growing demand from the local and GCC markets.
Dharmendra Pradhan, Indian minister of state (independent charge) for petroleum and natural gas, arrived here Monday to hold talks with senior Saudi officials with an aim to expand cooperation in oil
Manz AG, a major high-tech engineering company in the world, is exploring the possibility of entering the high-potential Saudi solar energy market.
SINGAPORE: The current glut in global oil markets is likely to persist next year due to slack demand and may even worsen as US lawmakers look set to approve exports of the country’s booming crude prod
DUBAI: Increases in Dubai's property prices have moderated quite a lot and the International Monetary Fund is now less concerned about them than it was in May, a senior IMF official said on Monday.
The Chinese economy resumed its deceleration in the third quarter, slowing from 7.5 percent to 7.3 percent. Both investment and consumption suffered.
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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