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HuaweiJEDDAH - Saudi Arabian dairy and food producer Almarai posted on Saturday an 8.7 per cent year-on-year rise in its second quarter net profit.
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A dispute over sourcing regulations is clouding plans by Sweden’s IKEA to open 25 of its trademark blue-and-yellow stores in India as it seeks new markets for its flat-pack furnishings.
US employers hired at a dismal pace in June, raising pressure on the Federal Reserve to do more to boost the economy and further imperiling President Barack Obama’s chances of reelection in November.
US President Barack Obama said on Saturday the United States needs to do more than just reclaim jobs lost to the recession, as he called for rebuilding the economy to make it secure for future generations.
LONDON — Two leading credit rating agencies took steps on Thursday towards downgrading Barclays in the wake of a trading scandal that’s seen three senior officials, including chief executive Bob Diamond, hand in their resignations.
LONDON — Global central banks went on the offensive against the faltering world economy, cutting interest rates and increasing bond buying as the recent round of international stimulus gathers pace.
GCC companies reported an aggregate first-quarter profit of $14.1 billion, which was a 12 per cent year-on-year increase compared with a profit of $12.6 billion for the first quarter of 2011, according to research by Bahrain-based Securities and Investment Company (Sico).
Emaar Hospitality Group, the hospitality and leisure subsidiary of global property developer Emaar Properties, has acquired the management of Al Manzil and Qamardeen hotels, two key hospitality assets of Emaar, located in Downtown Dubai. The two hotels were earlier managed by Southern Sun Hotel Group.
LONDON - Britain’s Serious Fraud Office (SFO) said on Friday it would formally investigate a bank rate-fixing scandal which has led to the resignation of three top Barclays executives.
LONDON — Concerns over the global economy weighed on markets Friday ahead of key US jobs figures that often set the market tone for a week or two after their release.
