ABU DHABI: State-owned Emirates Global Aluminium plans to spend $3 billion to build the United Arab Emirates' first alumina refinery in Abu Dhabi, Chief Executive Abdulla Kalban said on Tuesday.
ABU DHABI/FUJAIRAH: The UAE is in no hurry to see OPEC cut its oil output target this year despite the sharp drop of global crude prices in the last few months, senior UAE energy officials indicated o
GENEVA: Global commerce is set to expand by 3.1 percent this year, the World Trade Organization said, cutting its previous forecast of 4.6 percent due to weak growth and demand.
Municipal and Rural Affairs (MRA) Minister Prince Mansour bin Miteb said that the Islamic-based Saudi economy and free market, built on a strong foundation, has proved successful.
LONDON/BEIJING: Euro zone business growth dipped to a 2014 low in September as firms again cut prices, while factory activity in China picked up only slightly, surveys showed, keeping the spotlight on
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received at his office Ioannis Christofilis, Greek ambassador to Saudi Arabia.
SHANGHAI: The largest stock offer in history has made Jack Ma, founder of e-commerce giant Alibaba, China’s richest person with a fortune of $25 billion, an annual wealth ranking for the country showe
LONDON: British bank Barclays was fined 38 million pounds ($62 million) for exposing customers to unnecessary risks by failing to ensure client assets were properly safeguarded and adequate records ke
THE HAGUE: Philips announced it would split in two, separating its health care-lifestyle division from the historic lighting business in a dramatic streamlining move by the 120-year-old electronics gi
MONTREAL: BlackBerry is set to unveil its latest smartphone, in a move aimed at reviving the fortunes of the struggling Canadian tech group.
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