Business

Dubai: Oman’s Salalah Methanol Co. has asked banks for a $720 million syndicated loan that the state-run petrochemical company would use for a new ammonia...

Houston: Oil prices will tumble to $40 a barrel if Opec doesn’t extend its pact later this year to cut output, according to one of the most prominent...

London: Credit Agricole, France’s third-largest bank by market value, is considering a sale of its 31 per cent stake in Saudi Arabian lender Banque Saudi...

Warsaw: German industrial production rebounded in January, reaffirming the country’s favourable economic outlook after factory orders slumped the most in...

Houston: Royal Dutch Shell is ramping its North American shale output earlier than planned to lock in quick returns from what has become one of its most...

Tokyo: Japan's economy grew more than earlier estimated in the fourth quarter as capital expenditure grew at its fastest in almost three years, welcome...

Abu Dhabi/Dubai/Riyadh: A partnership of US agribusiness giant Archer Daniels Midland (ADM) and Saudi foods group Almarai is among potential bidders for...

Washington: The US trade deficit jumped to a near five-year high in January as cell phones and rising oil prices helped to push up the import bill,...

Brasilia: Brazil's worst-ever recession unexpectedly intensified in the final quarter of 2016, data showed on Tuesday, frustrating hopes for signs of a...

Dubai: Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy prices and uses more...