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International

Japan shocks with Quantitative Easing
BoJ expands stimulus as inflation target looks increasingly elusive
Ukraine, Moscow clinch gas deal
EU Commission President Jose Manuel Barroso, whose offices mediated the talks for months, said the EU will also help cash-strapped Ukraine with the payments through aid and guarantees.
Eurozone inflation edges up
Inflation in the 18 countries sharing the euro edged up slightly in October, reinforcing the view that the European Central Bank will hold fire on any additional policy action at its meeting next week.
US consumer spending falls; wage gains highest since ’08
US consumer spending fell for the first time in eight months in September, suggesting the economy lost some momentum heading into the fourth quarter.
Mobily audit body meeting over results
Etihad Etisalat (Mobily), Saudi Arabia’s No. 2 telecommunications operator, has requested that its shares be temporarily suspended, it said in a statement on Thursday.
Smartphone sales lifted by emerging markets
Global smartphone sales grew at a healthy pace in the third quarter, boosted by low-cost handsets in emerging markets, industry research showed on Thursday.
Arab tourists visiting Egypt leap 91.6% during August
The Ministry of Tourism and the Egyptian Tourism Authority have focused on attracting Arab and GCC tourists to Egypt through the Wahashtouna campaign that was launched earlier this year.
Kenya Airways puts 787 on Dubai route
Kenya Airways, which has the youngest fleet in Africa, has launched a Boeing 787 Dreamliner on its Dubai route to offer a new flight experience with African hospitality to its passengers.
Qatar’s budget spending declines 6.6%
Qatar’s government spending fell 6.6 per cent from a year ago to QR38.8 billion ($10.7 billion) in the first quarter of the current fiscal year, while revenue soared to a record high, central bank data showed on Thursday.
Investcorp, Mumtalakat buy US’ PRO
Bahrain-based alternative investment fund Investcorp and sovereign fund Mumtalakat have acquired US software and services firm PRO Unlimited for around $300 million.
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