JEDDAH: The board of Saudi Arabia’s Almarai has approved a capital investment plan which will reach SR21 billion ($5.6 billion) in the next five years, it said.
WASHINGTON: A slowdown in smartphone sales in China is cooling the global market for the devices, research firm IDC said.
NEW YORK: Oil prices fell 2 percent on Tuesday as the dollar’s sharp rally weighed on dollar-denominated crude oil futures along with concerns that a recent rally might keep US producers active.
JEDDAH: Saudi Arabia’s Capital Market Authority said it would raise the proportion of shares allocated to institutional investors in initial public offers as it aimed to reduce volatility in the marke
RIYADH: An awareness campaign to spread the culture of fair competition among businessmen and traders has been launched.
JEDDAH: The benchmark Tadawul All-Share Index (TASI) finished Tuesday’s trading session with a handsome gain of 0.77 percent or 74.4 points to 9,801.4 levels.
LONDON: Gold dipped almost 2 percent as the dollar extended gains following a raft of strong US data and recent comments from US Federal Reserve Chair Janet Yellen that reinforced the central bank’s t
DUBAI: Dubai’s Marka, a retail start-up that listed on the emirate’s bourse last year, expects to become profitable in 2016 instead of later this year as it consolidates new acquisitions and buys more
DUBAI: The board of Egypt’s Medinet Nasr for Housing and Development (MNHD) has approved an offer from a unit of Saudi Arabian retailer Fawaz Abdulaziz Alhokair to build a mall at MNHD’s Teegan develo
DUBAI: Egypt has chosen banks to handle its return to the international bond market after a gap of five years, underlining a return of economic and political stability in the country after its Arab Sp
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