DUBAI: Most Gulf equity markets pulled back on Monday as oil prices slipped again and negative fourth-quarter earnings weighed on Saudi Arabia's bourse.
“Solar is the region’s most abundant energy resource”; “Every hour, the sun beams more energy onto our planet than we need to satisfy our total power needs for an entire year.” These are statements th
DAVOS: As the world's business and political elite ascends the Swiss Alps for an annual bout of crystal-ball gazing this week, history suggests the Davos pundits are likely to get plenty of things wro
BEIJING: China's central bank and commercial banks bought the most yuan in seven years in December at around $19 billion, a Reuters calculation of data showed, suggesting some capital is leaving the w
DUBAI: Mashreq is holding talks with Citigroup about acquiring its retail banking business in Egypt and is targeting net profit growth in 2015 of between 6 percent and 10 percent, the Dubai bank's chi
LONDON: Russia's battered economy will shrink by a far worse-than-expected 4.8 percent this year, as plunging oil prices add to fallout from the Ukraine crisis, the EBRD development bank forecast Mond
The Swiss National Bank's decision to scrap its currency cap is broadly negative for Swiss companies, but the impact on Fitch-rated corporates will be limited, Fitch Ratings says.
TOKYO: More than half of Japanese who are laid off will still be out of work a year later, an international report said Monday, adding firms must be more flexible if Japan's economy is to improve.
LAUNCESTON, Australia: The new year has started positively for Asian coal, with prices rallying from a 5-1/2 year low, Chinese imports jumping to the highest in 11 months and renewed merger and acquis
DUBAI: Saudi food producer Savola Group, the country's largest food products company, reported a 23 percent drop in fourth-quarter net profit on Sunday, missing analyst forecasts.
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