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BUSINESS
India plans stake sales in 28 state-run companies
NEW DELHI: India’s cabinet has given ‘in-principle’ approval for the sale of strategic stakes in 28 state-run…
Factbox: Saudi Aramco – the oil colossus
Saudi Aramco set a price range for its blockbuster listing that implies the oil giant is worth between $1.6…
Bangladesh flies in onion supplies as price hits record high
Bangladesh is urgently importing onions by air as the price of the essential ingredient in local dishes soared to…
Emirates announces $16 billion order for 50 Airbus A350 planes
DUBAI: Dubai state-owned airline Emirates said on Monday it had placed a firm order for 50 Airbus A350 jets worth…
Qantas urges rapper to withdraw accusation
MELBOURNE: Australia’s flagship airline, Qantas, said on Monday it stood ready to offer legal assistance to a…
Foreign investment jumps 239 percent
ISLAMABAD: Foreign investments in the country has witnessed a surge of 239 percent during four months of this…
UK jobs fall by most in over four years as election nears
LONDON: Britain’s employers cut the most jobs in over four years between July and Septemmber, according to official…
Alibaba says Singles’ Day sales hit 91.2 billion yuan in first hour
SHANGHAI: Chinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for its annual Singles’ Day…
Saudi Aramco’s record IPO starts Nov 17, prospectus says
RIYADH: Saudi Aramco’s much-anticipated initial public offering will begin on November 17, the company’s prospectus…
Moody’s cuts India’s outlook to ‘negative’
Moody’s Investors Service on Thursday cut India’s ratings outlook to “negative” from “stable”, citing increasing…
Pakistan-China FTA to be activated from December, announces Dawood
ISLAMABAD: Adviser to Prime Minister for Commerce, Abdul Razak Dawood, announced on Friday that China has given…
Honda first-half net profit slumps 19 pc, full-year forecast down
TOKYO: Japanese carmaker Honda said Friday its first-half net profit dropped 19 percent on negative currency…
Trump will not impose tariffs on EU cars: Juncker
MUNICH: The outgoing president of the European Commission Jean-Claude Juncker said Friday he believes the US will…
Americans have more debt, need family help to buy homes
WASHINGTON: Americans are waiting longer to buy their first homes, have more debt and more often need family help…
Pakistan to get IMF loan’s second tranche by end of this year
ISLAMABAD: International Monetary Fund’s (IMF) first assessment of Pakistan’s economic progress ends on a positive…
Japanese companies likely to spurn Saudi Aramco IPO
TOKYO: Japanese companies are unlikely to invest in Saudi Aramco’s blockbuster initial public offering (IPO)…
TAQA Reports AED13 Billion Revenues In Nine Month 2019
Abu Dhabi National Energy Company, TAQA, announced today its financial results and operational highlights for the…
Forbes lists Pakistan one of the best countries for social entrepreneurs
Forbes, a global media company focusing on business, investing and entrepreneurship has termed Pakistan’s…
Xi, Macron unite on climate after US withdraws from Paris pact
BEIJING: Chinese leader Xi Jinping and French President Emmanuel Macron declared on Wednesday that the Paris…
Xi pledges wider market access, free-trade deals
SHANGHAI: President Xi Jinping on Tuesday pledged to further open China’s economy, declaring the world must “knock…