Economy

Saudi Arabia is working to stimulate and encourage investment in the Qassim Region, which will be connected by a regional railway network to be built at a cost of SR12 billion. This will be part of...
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Banana giant rejects sweetened takeover bid

NEW YORK: Banana giant Chiquita has rejected a sweetened takeover bid from a pair of Brazilian companies, and confirmed its support for a merger with Irish fruit producer Fyffes.



GE Q3 profit rises on oil, aviation strength

NEW YORK: General Electric’s third quarter profit rose 11 percent on strong performance from its aviation and oil and gas divisions.








Saudi Aramco trades first fuel oil derivative on Platts

SINGAPORE: Saudi Aramco traded its first fuel oil derivative on Platts on Thursday and is expected to become more active in its paper trading activities, sources said.

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