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Exporters, manufacturers and retailers remained upbeat about prospects for the third quarter as they geared up for busier days ahead with increased sales and profits, the Dubai Department of Economic Development, or DED, said on Tuesday.
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CAIRO - Egypt is considering selling a stake in the country’s stock market, state-run Middle East News Agency, or Mena, reported on Tuesday.
MANAMA- ABC Islamic Bank on Tuesday announced that its net profit for the first half of 2012 was $4 million compared to $5.1 million for the same period in 2011, which included a non-recurring one-off revenue item of $1.3 million.
Prime Minister Antonis Samaras will call for a two-year extension to Greece’s austerity programme when he meets Angela Merkel and Francois Hollande next week, the Financial Times reported on Wednesday.
LONDON — Shares in Standard Chartered rose in early London trading Wednesday after the British bank settled allegations from a NY regulator that it helped Iranian clients dodge US sanctions.
BANGKOK — World stocks fell Wednesday as recession among euro nations and slowing growth in China offset flickers of improvement in the US economy.
NEW DELHI — India’s national security is at risk if urgent steps are not taken to boost economic growth, attract new investment in infrastructure and legislate against corruption, Prime Minister Manmohan Singh said Wednesday.
PARIS - When US carmakers slashed production capacity in exchange for government rescue four years ago, workers faced up to change.
LONDON - Britain has launched a review of the cosmetic surgery industry, which could lead to tighter restrictions on the way companies operate and market their services in the wake of the PIP breast implant scandal.
SINGAPORE - Gold edged up on Wednesday, after dropping to a 1-1/2-week low in the previous session on promising U.S. retail sales data that dampened hopes for further stimulus measures from the Federal Reserve.
