Economy
India’s economic growth surges in March quarter
May 31, 2016
India’s economic growth surges in March quarter
India gathered momentum in the March quarter to extend its lead as the world's fastest growing large economy, helping Prime…
‘Tourists go home’: Spain tourism surge brings backlash
May 30, 2016
‘Tourists go home’: Spain tourism surge brings backlash
On the walls of the grand old houses of this Balearic port which attracts millions of foreigners every year, a…
Alibaba tells vendors to halt drug sales online, cites government rule change
May 30, 2016
Alibaba tells vendors to halt drug sales online, cites government rule change
Chinese e-commerce firm Alibaba Group Holding Ltd has told vendors on its Tmall website to stop selling medicine, saying a…
Gulf bourses may face weakness on lower oil, event risks
May 30, 2016
Gulf bourses may face weakness on lower oil, event risks
Bourses in the Gulf may weaken on Monday as oil prices dipped and as global event risks keep investors away…
Egypt buys 4.328 million tonnes of local wheat since April 15
May 28, 2016
Egypt buys 4.328 million tonnes of local wheat since April 15
Egypt's government has bought 4.328 million tonnes of local wheat since the start of the season on April 15, the…
GDP growth for H1 2015-2016 4.5 pct from 5.5 pct last year
May 28, 2016
GDP growth for H1 2015-2016 4.5 pct from 5.5 pct last year
Egypt's economy grew 4.5 percent in first half of 2015/2016 fiscal year, down from 5.5 percent growth in the previous…
G7 vows growth efforts as Japan’s Abe warns of global crisis
May 27, 2016
G7 vows growth efforts as Japan’s Abe warns of global crisis
The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies…
Saudi Aramco says discovers new fields, to continue energy investments
May 27, 2016
Saudi Aramco says discovers new fields, to continue energy investments
Saudi Arabia's state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to…
Orascom Construction reverses full year loss with Q1 $23 mln net profit
May 27, 2016
Orascom Construction reverses full year loss with Q1 $23 mln net profit
Orascom Construction posted a net profit of $23 million in the first quarter of 2016, up significantly from $5.8 million…
Cartel or talking shop? OPEC awaits Saudi ruling
May 26, 2016
Cartel or talking shop? OPEC awaits Saudi ruling
For those seeking guidance on Saudi Arabia's thinking regarding the future of OPEC, the last few weeks' agenda of the…