Economy



Arab Bank posts 7% rise in first-half profit

AMMAN: Jordan-based Arab Bank reported a 7 percent increase in first-half net profit, underpinned by growing revenues.



Retail stocks remain in focus

Saudi Arabia’s benchmark Tadawul All-Share Index (TASI) dug in at 9,810.81 and ended its Wednesday’s trading up over 12 points.



Qatar Airways boosts Boeing at Farnborough

FARNBOROUGH: Qatar Airways gave Boeing a lift, concluding a deal for 50 of the US planemaker’s revamped long-haul passenger jets and proposing to buy the same amount again.



British pay growth slows to record low even as jobless rate falls

LONDON: British workers’ earnings grew at the slowest rate on record in the three months to May, one gauge showed, even as unemployment fell further, giving the Bank of England pause for thought as it



Google adds former Ford chief to board

SAN FRANCISCO: Google has announced that former Ford Motor Company chief Alan Mulally has joined it board of directors.





BMW recalls 1.6m 3-Series cars for air bag problem

DETROIT: BMW is expanding a recall of its most popular models to fix an air bag problem that is hitting much of the global auto industry.



Mayer ‘not satisfied’ as Yahoo results disappoint

SAN FRANCISCO: Yahoo has reported quarterly earnings showing a revenue slump and prompting chief executive Marissa Mayer to declare “we are not satisfied.”



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