Loading...
You are here:  Home  >  Business
Latest

At the cutting edge of Saudi Arabia’s e-commerce revolution

By   /  October 22, 2017  /  Business  /  Comments Off on At the cutting edge of Saudi Arabia’s e-commerce revolution

Author: Frank KaneMon, 2017-10-23 03:00ID: 1508705331521311300DUBAI: Saudi Arabia is on the verge of a consumer revolution and Majed Al-Tahan is in the vanguard of that transformation. The founder and CEO of AYM Commerce, the e-commerce arm of the Danube supermarkets chain, is aiming to change the way Saudis shop, and in the process help to contribute to […]

Read More →
Latest

UK divorce bill figure will come in final Brexit deal

By   /  October 22, 2017  /  Business  /  Comments Off on UK divorce bill figure will come in final Brexit deal

Author: ReutersMon, 2017-10-23 03:00ID: 1508704811281265700LONDON: Britain can only come up with a figure for a financial settlement with the EU when Brexit has been agreed, trade minister Liam Fox said on Sunday, warning leaders not to believe London is bluffing over a no deal.Prime Minister Theresa May won a reprieve last week in the talks to unravel […]

Read More →
Latest

Emaar launches property unit IPO

By   /  October 22, 2017  /  Business  /  Comments Off on Emaar launches property unit IPO

Author: Frank KaneMon, 2017-10-23 03:00ID: 1508704811191265400DUBAI: Emaar Properties, Dubai’s master developer, is to sell 20 percent of the shares of its UAE real estate unit in an initial public offering (IPO) that could value it at around $6 billion. The IPO is the first significant listing on a UAE market since 2014. The proceeds of the offering […]

Read More →
Latest

Airbus turmoil overshadows bid to rescue Bombardier’s CSeries program

By   /  October 22, 2017  /  Business  /  Comments Off on Airbus turmoil overshadows bid to rescue Bombardier’s CSeries program

Author: ReutersSun, 2017-10-22 15:14ID: 1508675441408130200PARIS: Airbus’s coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over how smoothly it can implement the deal. The European planemaker secured the deal for Bombardier’s CSeries program by pledging […]

Read More →
Latest

Egypt says Bahrain, Kuwait and UAE to lift ban on its agriculture exports

By   /  October 22, 2017  /  Business  /  Comments Off on Egypt says Bahrain, Kuwait and UAE to lift ban on its agriculture exports

Author: ReutersSun, 2017-10-22 14:39ID: 1508673466227913300CAIRO: Bahrain, Kuwait and the UAE have agreed to lift a ban on imports of Egyptian agricultural products, Egypt said on Sunday, as the country works to step up exports to narrow its budget deficit. The agreement came after a series of meetings and negotiations held between an Egyptian delegation and the Gulf […]

Read More →
Latest

Almarai says third-quarter profit flat, warns of tough market conditions

By   /  October 22, 2017  /  Business  /  Comments Off on Almarai says third-quarter profit flat, warns of tough market conditions

Author: ReutersSun, 2017-10-22 16:29ID: 1508668209457553600DUBAI: Saudi Arabia’s Almarai, the Gulf’s largest dairy company, reported a flat third-quarter net profit on Sunday, and warned it remained cautious on the year due to adverse market conditions. Almarai made a profit of 667 million riyals in the three months to September 20, compared to a revised quarterly profit of 664.3 […]

Read More →
Latest

Al Rajhi Bank third-quarter profit up 13%

By   /  October 22, 2017  /  Business  /  Comments Off on Al Rajhi Bank third-quarter profit up 13%

Author: ReutersSun, 2017-10-22 16:14ID: 1508667366557498400DUBAI: Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 12.7 percent rise in third-quarter net profit on Sunday, in line with analysts’ forecasts. The bank made 2.27 billion riyals in the three months to September 30, up from 2.01 billion riyals in the same period a year earlier, it said […]

Read More →
Latest

Toyota to halt operations at all Japan plants as typhoon precaution

By   /  October 22, 2017  /  Business  /  Comments Off on Toyota to halt operations at all Japan plants as typhoon precaution

Author: ReutersSun, 2017-10-22 11:31ID: 1508663906087357400TOKYO: Toyota Motor Corp. will suspend operations at all of its assembly plants in Japan, including those of its subsidiaries, from Monday morning as a precautionary measure as a powerful typhoon approaches Japan’s mainland, a spokesman said. Tens of thousands across Japan were advised to evacuate, hundreds of flights were canceled and rail […]

Read More →
Latest

Emaar board approves public offering of property development unit

By   /  October 22, 2017  /  Business  /  Comments Off on Emaar board approves public offering of property development unit

Author: ReutersSun, 2017-10-22 14:57ID: 1508662668057317200DUBAI: Emaar Properties said on Sunday it plans to sell a 20 percent stake in its property development business unit Emaar Development next month in an initial public offering. The move comes after Dubai’s leading property firm announced it had obtained shareholder approval for the sale of up to 30 percent of the […]

Read More →
Latest

China says jobless rate lowest in years, but challenges persist

By   /  October 22, 2017  /  Business  /  Comments Off on China says jobless rate lowest in years, but challenges persist

Author: ReutersSun, 2017-10-22 07:45ID: 1508653162087031500BEIJING: China’s unemployment rate has hit its lowest point in multiple years at 3.95 percent by the end of September, but employment still face challenges as the economy pushes ahead with structural reforms, China’s labor ministry said on Sunday. The ministry of human resources and social security said in a statement that 10.97 […]

Read More →