Economy

NEW YORK: Global equity markets slipped on worries that the US Federal Reserve may curtail its stimulus measures, while the dollar recovered against the euro to trade almost flat after better-than-...
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German economy builds up new steam for growth

Friday 24 May 2013
FRANKFURT: The German economy, after starting the year weakly, looks set to gather momentum later with consumer and business confidence on the rise, data indicated.
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Runways reopen after delays at Heathrow Airport

Friday 24 May 2013
LONDON: A British Airways jet made an emergency landing at London’s Heathrow Airport after developing a technical problem after takeoff.
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BA plane makes emergency landing at Heathrow after fire

Friday 24 May 2013
LONDON: British Airways said a plane traveling from London to Oslo was forced to make an emergency landing after a fault in one of the engines.
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Oil price falls to three-week low

Friday 24 May 2013
NEW YORK: Oil fell to a three-week low in a broader commodities selloff as a decline in China’s factory activity entrenched concern about weak demand, and worries
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SAMA’s net foreign assets surge to SR 2.506 trillion

Friday 24 May 2013
The Kingdom’s M3 money supply growth accelerated to 14.1 percent year-on-year at the end of April, the fastest rate since October 2011, from 12.3 percent in the previous month, data from the
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Jeddah food and hotel expo sets new standards

Friday 24 May 2013
Saudi Food & Hotel and Hospitality Expo 2013 has been hailed as a major success as it concluded a four-day run in Jeddah.
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Smartphone users face huge price disparities

Friday 24 May 2013
PARIS: Smartphone users in European countries served only by large groups such as Vodafone Group Plc and Telefonica SA pay twice as much for services as consumers in more competitive markets with a
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CEO-elect of fraud-hit bank quits

Friday 24 May 2013
ABU DHABI: The proposed new chief executive of National Bank of Ras Al-Khaimah (RAKBANK), one of two banks which were named recently as victims of a massive global bank card fraud, has quit, two so
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Retail investors spur Kuwait market

Friday 24 May 2013
DUBAI: Kuwait’s stock market boom could run out of steam if the government doesn’t push ahead soon with long-delayed infrastructure projects aimed at diversifying the economy.
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Nissan to recall 841,000 cars over steering glitch

Friday 24 May 2013
TOKYO: Nissan Motor Co. Ltd.
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