Economy
Hilton appoints new VP for Kingdom projects
JEDDAH - Hilton Hotels Corporation recently announced the appointment of Shuja Zaidi for the newly created post of Vice
Kingdom positioned to become solar power
RIYADH - In the wake of the first Gulf War, the US Army assessed Saudi Arabia’s solar energy resource potential in a
Car safety conflicts
In this August file photo provided by the Ford Motor Co., an assemblyman works on the Ford Fiesta in Cologne, Germany.
Tadawul extends gains
JEDDAH - Arab stock markets are expected to be volatile in the coming weeks with the advent of the Muslim fasting
Saturday, 30 - August 2008
CALGARY, Alberta - Zoom Airlines, a Canadian discount transatlantic carrier stung by sky-high fuel costs, canceled all flights and began bankruptcy proceedings
Saturday, 30 - August 2008
TOKYO - Japan unveiled a 2 trillion yen, or $18 billion, stimulus package Friday, including assistance to small businesses and other pump-priming measures
Saturday, 30 - August 2008
OTTAWA – Canada’s economy grew by a weaker-than-expected 0.3 percent in the second quarter, but a revision of the first quarter contraction to 0.8 percent
Saturday, 30 - August 2008
ROME - German airline Lufthansa joined in the running among foreign firms for a stake in Alitalia, the man in charge of a rescue plan for the near-bankrupt
Saturday, 30 - August 2008
FRANKFURT –German insurance giant Allianz is in “advanced talks” on the future of its Dresdner Bank unit, “that may or may not lead to a deal,” it said
Saturday, 30 - August 2008
MANAMA - Abdul Hussain Bin Ali Mirza, chairman of Bahrain’s National Oil and Gas Authority (NOGA), has said that in the coming 20 years Bahrain will
Saturday, 30 - August 2008
ABU DHABI - Sherwoods Independent Property Consultants has announced that it has strengthened its portfolio of financing options for both resale and
Saturday, 30 - August 2008
JEDDAH - Swiber Holdings Limited in Singapore, the well known service provider in the offshore industry, is targeting the flourishing Gulf region to
Saturday, 30 - August 2008
KUWAIT - Kuwait’s government will ask the parliament in its October session to forgive Iraq’s multi-billion debt to the Persian Gulf country.The state
Saturday, 30 - August 2008
MOSCOW – Russia is banning imports from 19 US poultry suppliers as of Monday, and
Saturday, 30 - August 2008
WASHINGTON – US personal income tumbled unexpectedly in July and inflation-adjusted spending shrank at sharpest rate in four years as the lift from government
Saturday, 30 - August 2008
BRUSSELS – Inflation in the 15 countries sharing the euro came off record highs in August, offering an increasingly rare ray of light as the threat of
Saturday, 30 - August 2008
DUBAI - Economic and business leaders from Japan and across the Middle East meet at the Japan Cooperation Forum for the Middle East in Dubai. The
Saturday, 30 - August 2008
JEDDAH - Mitsubishi Corporation (MC) and Mitsubishi UFJ Lease & Finance Company Limited (MUL) have agreed to make a 45 percent investment in Ekim Turizm
Saturday, 30 - August 2008
DUBAI - Golden Systems Electronics, the leading distributor of IT products in the Middle East, today announced the launch of Kaspersky Anti Virus 2009
