RIYADH: Jeddah Economic Company and Saudi Arabia’s Alinma Investment have signed a deal to initiate an SR8.4 billion fund.
KUWAIT CITY: Gulf OPEC members will reject pressure to shoulder the cost of cutting oil production alone despite warnings that prices risk sliding further, officials and analysts say.
JEDDAH: The Saudi Tadawul All-Share index edged up 0.2 percent on Sunday.
KUWAIT CITY: Kuwait Oil Minister Ali Al-Omair was moved to the Public Works Ministry in a limited cabinet reshuffle following a row with top oil executives, according to a royal decree.
RIYADH: China’s One Belt, One Road initiative for Asia-Europe rail freight could deal a big blow to the existing Asia-Europe air cargo traffic.
WASHINGTON: The International Monetary Fund is expected to approve inclusion of China’s yuan in its SDR basket of elite currencies on Monday, rewarding Beijing’s strong pursuit of the global status.
SHANGHAI: A year after China’s financial regulators squared up to the systemic perils of “shadow banking,” the threat is shifting to a booming corporate bond market, and risky borrowers’ debt is findi
BERLIN: The ECB will roll out its big guns at its monetary policy meeting this week, ramping up its trillion-euro asset purchases and cutting key rates to hike weak inflation, analysts said.
TEHRAN: Iran has unveiled a new model of oil contracts aimed at attracting foreign investment once sanctions are lifted under a landmark nuclear deal reached earlier this year, and said US companies w
DETROIT: US retailers faced competition for customers from car sellers on Thanksgiving weekend, as auto dealers offered bargains on vehicles as alluring as any discounted TV or stereo system.
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