Economy

Karachi: Hyundai Motor., South Korea’s biggest automaker, plans to partner with billionaire Mohammad Mian Mansha’s Nishat Mills to start assembling cars...

Muscat: Oman's trade surplus stood at OMR942.2 million for the first nine months of 2016, according to the data of the National Centre for Statistics...

New York: Saudi billionaire Prince Alwaleed bin Talal raised the possibility that the Kingdom may need to depeg its currency in the future as the country...

New Delhi: Indian Prime Minister Narendra Modi’s administration may need until May 2017 to replenish the stock of now worthless bills, according to...

Mumbai: Indian Prime Minister Narendra Modi’s biggest move to fight tax evasion and graft can add $45 billion to India’s budget, or about three times...

Cairo: Egypt secured $2 billion in financing from international banks a day before the International Monetary Fund’s board meets to consider a $12 billion...

Riyadh: Saudi Arabia may follow its first international debt issuance with an Islamic bond sale, Finance Minister Ibrahim Al Assaf said, as the Kingdom...

London: Qatar is considering investing in the $100 billion global technology fund formed by SoftBank Group Corp. and Saudi Arabia, according to people...

Dubai: Saudi Arabia is repaying debts to contractors after long delays that squeezed company finances and hurt investor sentiment, according to three people...

Cairo: Egypt has received a $2 billion deposit from Saudi Arabia, an Egyptian central bank official said, bringing it closer to securing a $12 billion loan...