MAPUTO: Mozambique turned 40 on Thursday, mixing formal military parades with exuberant African dancing as it turned from a generation of civil war and poverty to look to a more prosperous future, pow
TOKYO: Japanese inflation remained tepid while spending rose after 13 months of falls, official data showed Friday, with analysts predicting more easing ahead as the central bank tries again to build
The Saudi stock market ended Thursday’s trading session solidly in the green. The Tadawul All-Share Index (TASI) closed up 54.3 points or 0.58 percent to 9,367.29.
ALKHOBAR: Saudi Aramco has revived plans to add a clean fuels unit in its biggest oil refinery in Ras Tanura and more environmentally-friendly units to its Rabigh refinery, industry sources said.
CAIRO: Emaar Misr, the Egyptian arm of Dubai real estate developer Emaar Properties, said on Thursday that the second tranche of its initial public offering was oversubscribed by about 36 times.
BRUSSELS: Talks between Greece and its euro zone partners broke up Thursday without agreement, intensifying doubts about whether Athens can make a crucial debt payment due in just a few days.
BEIJING: Chinese e-commerce behemoth Alibaba on Thursday launched an Internet bank aimed at serving small businesses which often struggle to obtain credit from large banks.
JUBAIL: Saudi Butanol Company (SaBuCo) is preparing to start trial operations at its largest butanol plant in Jubail in the third quarter of this year.
WASHINGTON: US consumer spending recorded its largest increase in nearly six years in May on strong demand for automobiles and other big-ticket items, further evidence that economic growth was acceler
GENEVA: Developing countries are losing around $100 billion a year in revenues because foreign investors are channeling profits through offshore zones to avoid tax, a study by UN think-tank UNCTAD sa
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