Economy



Oil prices rebound from steep dive

LONDON: Oil prices rebounded Wednesday, recovering from recent steep losses in the previous session, in a muted response to news of falling US crude stockpiles.



Energy & utilities stocks suffer 3.23 percent losses

JEDDAH: Saudi Arabia’s benchmark Tadawul All-Share Index (TASI) dropped 79.82 points or 0.81 percent to 9,731.3 points on Wednesday.



Mideast crude flow to China drops

BEIJING: Middle East oil exporters are turning down Chinese requests for extra oil as they hold back fuel for their own refineries just as demand from the world’s biggest crude importer hits new recor



Boeing appoints Dunn as head of Mideast business

ABU DHABI: Boeing Co. has appointed Bernie Dunn as president of its Middle East business effective immediately, the US aerospace giant said on Wednesday.



Twitter-Google deal puts tweets in search results

SAN FRANCISCO: Google and Twitter announced a partnership to display tweets in search results, renewing a tieup that ended in 2011.



Regulator: Arabian Contracting flotation canceled

JEDDAH: Saudi Arabia's stock market regulator said on Wednesday it had canceled approval for a flotation by Arabian Contracting Services Co. at the advertising firm's request.






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