The global economy started the second half of the year on shaky ground with China's factory sector activity contracting in July at the fastest pace in 15 months and euro zone manufacturing weaker than expected, although US activity picked up
Etisalat Group, the leading telecoms operator in the region, reported revenues of Dh9.88 billion ($2.68 billion) for the second quarter of 2013, representing an increase of 20 per cent in comparison to the same period of last year.
World oil demand will grow more quickly in the rest of 2013 than during the first half due to economic recovery and higher seasonal consumption, Opec said on Tuesday.
The Organisation of the Petroleum Exporting Countries (Opec) in
Petrochemicals group Saudi Basic Industries Corp (Sabic) plans to issue a SR3 ($ 0.8) dividend per share for the second half of 2011, the firm said in a bourse statement on Sunday.
"Sabic board of directors, at its meeting held Saturday ev
Diyar Al Muharraq, one of the biggest mixed-use residential urban developments in Bahrain, recently held a Ramadan Ghabga night for members of Bahrain’s national and international media.
The representation of journalists, and other members
Major solar power companies warned of an uncertain outlook for the industry, faced with oversupply and falling prices as governments in key markets withdraw incentive schemes and Asian competitors circle.
SolarWorld, Germany's No.2 solar c
Mobile phone maker Sony Ericsson forecast an upturn in the second half, as it posted a first quarterly loss since 2009 due to a parts shortage stemming from the March 11 earthquake and tsunami in Japan.
Chief executive Bert Nordberg said y