Economy

China will invest 77 billion yuan (US$11.9 billion) this year in building aviation infrastructure, the official Xinhua news agency reported…

A huge wildfire near Canada's oil sands region and escalating tensions in Libya stoked concern among investors over a near-term…

Egypt's EFG-Hermes is planning to increase the investments it manages in renewable energy to 1.5-2 billion euros in the next…

The Internal Trade Development Authority (ITDA), affiliated with the Domestic Trade and Supply Ministry, began Wednesday the second phase of…

German industrial group Siemens beat expectations for second-quarter profit as it accelerated a cost-cutting programme and lifted its savings target…

The African Export-Import Bank (Afreximbank) will seek to raise around US$3 billion this year via Eurobonds, syndications and bi-lateral and…

Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign…

A 3 percent plunge in the Tokyo stock exchange and falls in European banking shares added to a gloomy global…

A three-day strike by oil workers in Kuwait last month over pay reforms shows the government faces considerable opposition as…

Oilfield services provider Halliburton Co (HAL.N) and smaller rival Baker Hughes Inc (BHI.N) announced the termination of their $28 billion…