IMF projects 2.9 per cent non-oil GDP growth for Saudi Arabia

Dubai: Real non-oil growth of Saudi Arabia is expected to strengthen to 2.9 per cent in 2019 as government spending and confidence increase, but real GDP growth is projected to slow to 1.9 per cent as real oil growth slows to 0.7 per cent, according to Executive Board of the International Monetary Fund (IMF). The […]

Mukesh Ambani keeps salary at Rs150 million

New Delhi: Richest Indian Mukesh Ambani has kept his annual salary from his flagship firm Reliance Industries capped at Rs150 million for the eleventh year on the trot. Ambani has kept salary, perquisites, allowances and commission together at Rs150 million (Dh7.99 million) since 2008-09, forgoing over Rs240 million per annum. This is at a time […]

China seeks India’s help in fighting protectionism

Beijing: China has said it values India’s concerns on the bilateral trade imbalance and is willing to discuss new approaches to address the issue and asked New Delhi to join Beijing in its fight against “unilateralism and protectionism” amid a bruising trade war with the US. India for long has been pressing China to open […]