Gulf Times - Business
Close
Select Section:
IMF sees 2017 Saudi growth ‘close to zero’ on oil prices, output cuts

IMF sees 2017 Saudi growth ‘close to zero’ on oil prices, output cuts

Saudi Arabia’s economy will stall this year with growth “close to zero” due to lower oil revenue, the International Monetary Fund said.

Reliance rattles Indian telcom firms again by unveiling ‘free’ 4G phone

Reliance rattles Indian telcom firms again by unveiling ‘free’ 4G phone

India’s disruptive new mobile entrant Reliance Jio, backed by the country’s richest man Mukesh Ambani, unveiled a low-cost 4G-enabled phone yesterday to woo tens of millions of new customers, further destabilising established telecoms players.

Britain’s Johnson welcomes Japan investment despite Brexit

Britain’s Johnson welcomes Japan investment despite Brexit

Japanese investment in the UK has hit a “record high” since last year’s shock Brexit vote, British Foreign Secretary Boris Johnson said yesterday.

GE Q2 profit slumps as investors await new CEO’s targets

GE Q2 profit slumps as investors await new CEO’s targets

General Electric Co’s profit fell nearly 60% in the second quarter and it put off an expected “reset” of 2018 earnings targets until November, sending shares down sharply.

Stock markets slump as euro gains on ECB ‘taper’ talk

Stock markets slump as euro gains on ECB ‘taper’ talk

European stock markets ended the week down as the euro extended its gains yesterday after the European Central Bank said it would reassess its monetary policy stance in the autumn, fuelling talk that the age of cheap money was coming to an end.

Baidu, JD.com to join others to invest $12bn in China Unicom

Baidu, JD.com to join others to invest $12bn in China Unicom

Baidu Inc and JD.com will join other big Chinese technology firms to jointly invest about $12bn in the Shanghai-listed unit of China Unicom, the weakest of three big state-owned telecoms firms, two people with direct knowledge of the matter said.

N Korea 2016 economic growth at 17-year high despite sanctions

N Korea 2016 economic growth at 17-year high despite sanctions

North Korea’s economy grew at its fastest pace in 17 years in 2016, South Korea’s central bank said yesterday, despite the isolated country facing international sanctions aimed at curbing its defiant pursuit of nuclear weapons.

Court blocks $18bn British lawsuit against MasterCard

Court blocks $18bn British lawsuit against MasterCard

A £14bn ($18bn) class action lawsuit against MasterCard for allegedly overcharging more than 45mn people in Britain over a 16-year period was blocked by a British court yesterday.

Japan brokerages face audit on information controls

Japan brokerages face audit on information controls

Japanese securities firms face an inspection by the industry association into how they comply with insider rules after Nomura Holdings found it breached laws governing the handling of nonpublic information.

Emerging markets bask in glow of dollar’s weakness

Emerging markets bask in glow of dollar’s weakness

With the dollar at 13-month lows, emerging stocks headed for a second straight week of gains yesterday and yields on emerging currency bonds hovered at their lowest in 2-1/2-years as the sector enjoyed buoyant fund inflows.

China, India funds lead EM equity rankings

China, India funds lead EM equity rankings

Chinese and Indian equity funds sprinted away from their emerging market rivals in the first half of 2017, whilst local currency bond funds shone as the dollar weakened.

Gold bulls keep the faith as equity rally pares metal’s gain

Gold bulls keep the faith as equity rally pares metal’s gain

Gold bulls whose faith in the metal was rewarded earlier this year are being put to the test as a resilient rally in equities chips away at 2017’s gains.

  • Asr

    03:06 PM
  • FAJR

    03:27

  • Shruq

    04:56

  • Duhr

    11:40

  • Asr

    15:06

  • Maghrb

    18:24

  • Isha

    19:54

From To