Sticking to 2021 timeline on Aramco IPO, Saudi oil minister says

Abu Dhabi: Saudi Energy minister Khalid Al Falih said on Sunday the Kingdom is sticking to its 2021 timeline for Saudi Aramco’s initial public offering (IPO). He was speaking to reporters on the sidelines of Atlantic Council Global Energy Forum in Abu Dhabi. During a speech at the event, Al Falih had said Aramco is […]

More UAE consumers upbeat about finances, economy; confidence levels up 54%

Dubai: UAE residents are now more likely to open their wallets, as they are becoming upbeat about the state of their finances and the general economic outlook this year. According to a confidence tracker that surveyed at least 1,200 people in the country, the number of consumers who are positive about their financial prospects went up by […]

India’s trade deficit narrows, flat exports a concern

NEW DELHI: India’s trade deficit narrowed to $13.08 billion (Dh48 billion) in December, the lowest in 10 months, on a fall in gold imports but exports remained flat, deepening concerns for Prime Minister Narendra Modi who wants to accelerate growth ahead of elections. Modi, who had promised to boost exports by easing administrative rules and […]