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McDonald’s Corp. reported Monday a four-percent year-over-year profit decline for the 2012 second quarter as a higher US dollar and slowing global economy affected company performance.
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Greece is in a “Great Depression” similar to the American one in the 1930s, the country’s Prime Minister Antonis Samaras told former US President Bill Clinton on Sunday.
Emirates Aluminium, or EMAL, achieved another milestone of 1.5 million tonnes of hot metal produced.
Middle East luxury goods sales is predicted to grow more than double the global luxury market in 2012, according to Spring update of Bain & Company’s worldwide study.
IFC, a member of the World Bank Group, has marked the end of its 2012 fiscal year which saw the organisation play a leading role in addressing the challenges facing the Middle East and North Africa.
Dubai Maritime City (DMC), the world class maritime cluster built to further maritime activity in the Middle East, saw an increase in business and commercial activity in 2012.
Pressure is mounting on the Indian government to move fast and decisively on economy. Time recently labelled the Prime Minister Dr Manmohan Singh as ‘underachiever’. An article in The Independent wondered whether he was India’s saviour or Sonia’s poodle. Economist has called him a lame duck. Some rating agencies have downgraded India.
Industrial output went down in several key sectors during the just ended fiscal-2012 unveils an official report, in a week which saw political tensions and anti-government feelings rise.
MUMBAI, India - Shares of Maruti Suzuki, India’s top car maker, plunged Monday after the company said it would impose an indefinite lockout at a factory in India that was wracked by a deadly labor dispute last week.
MUMBAI, India - Shares of Maruti Suzuki, India’s top car maker, plunged Monday after the company said it would impose an indefinite lockout at a factory in India that was wracked by a deadly labor dispute last week.
