Economy

NEW YORK: Yahoo is spinning off its stake in Chinese Internet giant Alibaba, splitting off the valuable holdings in a move that sidesteps taxes.The strategy aims to deliver more cash for shareholders...
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CSC delegation plans Canada visit to boost trade

The Council of Saudi Chambers (CSC) will send a delegation comprising of members from the Saudi-Canadian Business Council (SCBC) to Canada from March 2-6, in order to bolster trade cooperation between



Limitless seeks 3-month extension to debt payment

DUBAI: Dubai government-owned property developer Limitless has secured the agreement of 85 percent of its creditors for a three-month extension to a debt repayment due at the end of 2014 and for a pro




Kingdom's economy expected to expand 3.2% this year

DUBAI: Cheap oil will slow growth in most Gulf Arab economies this year but heavy spending by governments and healthy private sector activity will prevent any serious slump, a Reuters poll showed on T



Tasnee signs SR1.2 billion loan deal

DUBAI: Saudi Arabia's National Industrialisation Co.



Canada rate cut may reignite housing market

TORONTO: A surprise move by the Bank of Canada to cut interest rates on Wednesday could reignite Canada's housing market and renew fears of a bubble, just as the market had finally begun to cool after





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