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ABU DHABI — Abu Dhabi’s public sector industrial conglomerate, the General Holding Corporation (GHC), bucked the global economic trends by earning 15 per cent more profit in 2011 over the same period a year ago.

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ABU DHABI — General Holding will spend Dh5.8 billion in three to four years to expand its steel capacity and set up a seamless pipe, and aluminium extraction unit in the emirate to boost its industrial might.

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The International Monetary Fund has wrapped up meetings here with its coffers to fight the eurozone crisis $430 billion richer.

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India’s economy will pick up this year, although more gradually than previously thought, while average inflation will be slower, giving the Reserve Bank room to cut rates by another 50 basis points during the fiscal year ending March 2013, a poll showed.

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General Motors Co. has agreed with its main Chinese partner to restructure their joint venture and give the American automaker an equal stake.

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Wealthy Iranians are fuelling an unprecedented luxury car boom despite sanctions hurting their economy, paying up to $360,000 for high-end autos, according to showroom employees and reports on Sunday.

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Commodity prices saw mixed fortunes this week as traders tracked concerns over the world economic outlook driven by fresh debt tensions in the eurozone, most notably Spain.

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After a strong first quarter, Wall Street has gotten a case of the jitters.

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The International Monetary Fund has pulled in billions of dollars in new reserves to help battle Europe’s lingering debt crisis.

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