Economy









Gold price drops 2%, silver falls to two-week low

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



Retail start-up consolidates acquisitions

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



MNHD approves mall project with Fawaz Alhokair

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



Egypt picks banks for global bond issue

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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