RIYADH: Production hikes by other oil producers will weigh on energy prices in 2013, potentially cutting into Saudi Arabia’s fiscal surplus, Finance Minister...
RIYADH: Production hikes by other oil producers will weigh on energy prices in 2013, potentially cutting into Saudi Arabia’s fiscal surplus, Finance Minister...
ROME: Italy is ending 2012 on an upbeat note, with renewed financial market confidence and optimism among analysts that the worst of the...
DUBAI: Saudi Arabia’s government will issue bonds next year backed by the kingdom’s ministry of finance to fund construction work at airports in...
A man walks past cranes at a construction site in a business district in Tokyo. Japan’s factory output fell more than expected in...
CAIRO: Egypt’s President Mohammed Mursi downplayed yesterday the country’s teetering economy before a newly empowered senate, and insisted that a new constitution that...
WASHINGTON: Lockheed Martin Corp was awarded up to $4.9bn in additional funding for its F-35 Joint Strike Fighter programme, the Pentagon announced yesterday,...
SAO PAULO: Brazil’s government has proposed changes to a fiscal responsibility law that set the foundation for a decade of economic prosperity in...
KHARTOUM: Sudan has managed to boost oil production to almost 140,000 barrels per day and plans to add another 10,000b/d next year, its...
Vietnam’s gross domestic product (GDP) grew 5.03 percent in 2012, according to the General Statistics Office, while government target was 5.2 percent. This...
Doha: The Global economic outlook continues to be revised downwards for 2013, due to weaker growth in advanced economies, especially the Euro Area....
Los angeles: The union representing nearly 15,000 dockworkers at US Atlantic and Gulf Coast seaports stretching from Boston to Corpus Christi, Texas, reached...
NEW DELHI/HONG KONG: Bharti Infratel Ltd, backed by billionaire Sunil Mittal, dived as much as 12.7 percent in its trading debut after raising...
WASHINGTON: US shrimp producers filed a petition asking the Commerce Department to impose punitive duties on billions of dollars of shrimp from China,...
FRANKFURT: Consolidation of European banks is not yet at an end, and Germany’s sector with its many small banks will have to change,...
Workers assemble a promotional installation in preparation for New Year’s eve celebrations outside a shopping mall in Hong Kong yesterday. With the global...
RIYADH/DUBAI: Saudi Arabia has set a record state budget for next year as high oil prices allow heavy spending on welfare and infrastructure...
WASHINGTON: Contracts for US home resales hit a 2-1/2-year high in November and factory activity in the Midwest expanded this month, suggesting some...
BUENOS AIRES: State energy company YPF has signed a preliminary agreement with Bridas Corp. for the development of Argentina’s vast nonconventional oil and...
