Riyadh: Saudi Arabia started the year with a quarterly budget surplus for the first time since the 2014 collapse in oil prices. The biggest Arab economy posted a surplus of 27.8 billion riyals (Dh27.2 billion or $7.4 billion) in the first quarter, helped by an increase in non-oil revenue as well as income from crude […]
London: Finance minister Philip Hammond missed his target for bringing down Britain’s budget deficit in the 2018/19 financial year, data showed on Wednesday, even as the shortfall fell to its lowest in 17 years. Opening the way for a possible relaxation of Hammond’s tight grip on spending, borrowing in the 12 months to the end […]
New York: Microsoft Corp. analysts expect strong third-quarter results from the company on Wednesday as its cloud-computing division continues to see rapid growth. It was to report third-quarter results after the market closes on Wednesday, and analysts are expecting a strong print, helped in particular by its cloud-computing division, which continues to see rapid growth. […]
Beijing As global leaders gather in Beijing this week for Chinese President Xi Jinping’s second Belt and Road forum, here are some numbers that illustrate where the ambitious initiative is six years after its conception. Eight more top politicians will attend the forum this year than the first one in 2017, bringing the total to […]
Dubai: The UAE is continuing to appraise countries for potential visa-on-arrival agreements ahead of Expo 2020 Dubai next year, Dubai’s tourism chief said on Wednesday. Essam Kazim, the CEO of Dubai Tourism, said that the UAE was still pushing for new countries to be added to visa exemptions. His remarks came ahead of next week’s […]
She was last seen having breakfast before a bomb ripped through the hotel she was staying in.
Dubai: The world’s biggest oil exporter see no need to take immediate action in the crude market, though it will respond to the requirements of buyers affected by the end of US waivers on imports from Iran, Saudi Energy Minister Khalid Al Falih said. Oil producers will exercise some market management after June, when the […]
Juno and Lorraine were staying in the Cinnamon Grand Hotel.
Detroit: Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian underpinnings. Ford will become a minority partner in Rivian, which is based outside of Detroit and recently rolled out a new electric pickup truck and […]
Ford Motor said Wednesday it was investing $500 million in Rivian as part of a strategic partnership with the startup More…