Economy

The Saudi stock market sustained its upward march yesterday, closing the fourth consecutive session with balmy gains (+7.02 points).

More than 200 foreign companies will take part in Saudi Energy 2013, organizers announced.

Oman’s real GDP expanded steadily over the past few years, with an estimated growth rate of 5.0 percent in 2012, which was lower than government’s target of

MANILA: The Philippines has approved three wind farm projects that will generate 208 megawatts, enough to power more than 40,000 middle-class homes, an energy official s

DUBAI: Yemen’s oil export volumes rose 14 percent in the first quarter of 2013, earning the government $35 million more than in the same period of 2012, according

LONDON: Silver hit a 2-1/2 year low yesterday, led by fund liquidation in Asian trade, while gold was up slightly, reversing from seven days of losses based on speculati

SAN FRANCISCO: Yahoo is buying online blogging forum Tumblr for $ 1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.

SINGAPORE/DUBAI: Saudi Arabia will import near record high diesel volumes this summer, as it gears up to beat the sweltering heat and meet rising travel needs during the

The Arab Petroleum Investments Corporation (APICORP) has announced net profits of $ 109 million for 2012, the highest in the organization’s 37-year history.

DUBAI: Sovereign wealth funds in the Gulf region are raising their allocations to private equity investments at a faster rate than other types of investment, US fund man