DUBAI: Dubai’s largest developer Emaar Properties reported a 28.6 percent rise in second-quarter net profit yesterday, marginally beating forecasts, but revenue from property...
DUBAI: Dubai’s largest developer Emaar Properties reported a 28.6 percent rise in second-quarter net profit yesterday, marginally beating forecasts, but revenue from property...
BUCHAREST: Romania’s central bank cut its benchmark interest rate to a record low of 3.25 percent yesterday and hinted it could cut further...
Bank of Portugal Governor Carlos Costa in Lisbon. LISBON: Portugal will spend €4.9bn ($6.58bn) to rescue its largest listed bank, testing the eurozone’s...
SOFIA: Bulgaria’s outgoing parliament refused yesterday to authorise the interim government to raise new debt and increase public spending, restricting its ability to...
WASHINGTON: Ghana has requested aid from the International Monetary Fund to stem a plunge in its currency and close a large fiscal deficit,...
DOHA: Snapping its four-day losing streak, Qatar stocks yesterday surged to break the 13,000 barrier in intraday trading, before settling to 12,991 gaining...
Bank of Japan (BOJ) Governor Haruhiko Kuroda lifts a bunch of papers, which share the size of a 100m-yen note, together with a...
Jeffrey Immelt, Chairman and CEO of GE, at the US-Africa Leaders Summit in Washington, DC, yesterday. WASHINGTON: General Electric Co yesterday pledged to...
ATHENS: Incoming European Commission President Jean-Claude Juncker played down yesterday the option of an outright writing off of part of the eurozone loans...
MOSCOW: Russia’s largest private oil producer Lukoil said yesterday it was selling its filling stations in three central European nations as part of...
NEW YORK: McDonald’s said yesterday that a recent scandal over expired meat from a Chinese food supplier has had a “significant negative impact”...
WASHINGTON: A leading African billionaire said that “misinformed” US businesses need to study up on the continent’s opportunities, suggesting they start by Googling....
Teresa Evans (right) and others look for job opportunities on the computers at CareerSource Florida in Miami. The US unemployment rate edged up...
A labourer works atop the Shanghai Tower, at the financial district of Pudong, in Shanghai, yesterday. The 632-metre tower is the second tallest...
LISBON: Portugal is ready to bail out the Banco Espirito Santo (BES) to prevent a catastrophic run on its banks that could plunge...
DUBAI: Saudi Aramco and Sumitomo Chemical will transfer ownership of a planned SR32bn ($8.5bn) petrochemical facility to their joint venture PetroRabigh, the venture...
Seoul: South Korea’s overseas travel spending set a new record in the second quarter despite a protracted slump in domestic demand stemming from...
ABU DHABI: Aldar Properties, Abu Dhabi’s largest real estate developer, reported a jump in its second-quarter net profit yesterday, after excluding one-time merger...
