DUBAI: Members of the Organization of the Petroleum Exporting Countries (OPEC) should have unity among themselves, Iran’s Oil Minister Bijan Zanganeh was quoted as saying on Monday, adding that Tehran backed cooperation with non-OPEC oil exporter states.“Without unity among members of OPEC, it is meaningless to plan cooperation between OPEC and non-OPEC countries,” Zanganeh said…
BEIJING: China promised on Sunday to allow more foreign ownership of gas pipelines, call centers and some other businesses in the latest of a series of market-opening measures. The Communist Party has announced a series of tariff cuts and market-opening steps over the past 18 months aimed at making its state-dominated economy more productive. The…
OSAKA: The Group of 20 summit in Osaka ended on Saturday with lofty language from powerful world leaders, but it was eclipsed by US President Donald Trump, who agreed to restart trade talks with China and extended a surprise invitation for North Korea’s leader to meet him Sunday. Despite the focus on Trump, the summit’s…
OSAKA: The Group of 20 summit in Osaka ended on Saturday with lofty language from powerful world leaders, but it was eclipsed by US President Donald Trump, who agreed to restart trade talks with China and extended a surprise invitation for North Korea’s leader to meet him Sunday. Despite the focus on Trump, the summit’s…
OSAKA: The Group of 20 summit in Osaka ended on Saturday with lofty language from powerful world leaders, but it was eclipsed by US President Donald Trump, who agreed to restart trade talks with China and extended a surprise invitation for North Korea’s leader to meet him Sunday. Despite the focus on Trump, the summit’s…
OSAKA: US President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce on Saturday, as Washington vowed to hold off on further tariffs and declared trade negotiations with China “back on track.”The cease-fire that halts damaging trade frictions came in a hotly anticipated meeting between the leaders of the world’s top…
OSAKA: US President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce on Saturday, as Washington vowed to hold off on further tariffs and declared trade negotiations with China “back on track.”The cease-fire that halts damaging trade frictions came in a hotly anticipated meeting between the leaders of the world’s top…
OSAKA: US President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce on Saturday, as Washington vowed to hold off on further tariffs and declared trade negotiations with China “back on track.”The cease-fire that halts damaging trade frictions came in a hotly anticipated meeting between the leaders of the world’s top…
LONDON: Oil prices could stall as a slowing global economy squeezes demand and US crude floods the market, despite an expected extension by OPEC and its allies of their output-cutting pact next week, a Reuters monthly poll showed on Friday. The survey of 42 economists and analysts forecast Brent crude would average $67.59 a barrel…
LONDON: Oil prices could stall as a slowing global economy squeezes demand and US crude floods the market, despite an expected extension by OPEC and its allies of their output-cutting pact next week, a Reuters monthly poll showed on Friday. The survey of 42 economists and analysts forecast Brent crude would average $67.59 a barrel…
LONDON: British health and beauty retailer Boots said it plans to close about 200 stores, mainly local pharmacies, over the next 18 months.A raft of British store groups including Marks & Spencer and Debenhams, have announced plans to close shops as they struggle with subdued consumer spending, rising labor costs and business property taxes, and…
FRANKFURT: Ford said it will have cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and record-level investments to build low emission cars.The challenge of investing in electric, hybrid and autonomous…
RIYADH: Saudi Arabia said it was committed to ensuring world markets are supplied with oil after Crown Prince Mohammed bin Salman visited South Korea. The Kingdom also confirmed its commitment to compensating for shortages that may occur as a result of any supply disruptions from other sources. In a joint communique issued by Saudi Arabia…
SHENZHEN, China: Chinese tech giant Huawei warned Thursday a US senator’s proposal to block the company from pursuing damages in patent courts would be a “catastrophe for global innovation.”The proposal comes amid mounting US action against Huawei, the biggest maker of switching gear for phone carriers, amid tension over Beijing’s technology ambitions. The company has…
MANAMA: IMF chief Christine Lagarde said Wednesday that major economic growth was possible in the Palestinian territories if all sides showed urgency, as she took part in a US-led conference boycotted by the Palestinian leadership.The International Monetary Fund has been warning of severe deterioration in the Palestinian economy, with tax revenue blocked in a dispute…
MANAMA: IMF chief Christine Lagarde said Wednesday that major economic growth was possible in the Palestinian territories if all sides showed urgency, as she took part in a US-led conference boycotted by the Palestinian leadership.The International Monetary Fund has been warning of severe deterioration in the Palestinian economy, with tax revenue blocked in a dispute…
TRIPOLI: When inflation began eating into her state-paid salary Libyan architect and assistant professor Seham Saleh started selling drawings over the Internet to help pay the bills.She joins a growing number of Libyan women launching start-ups in the conservative Arab country, where many still think a woman’s place is in the home but where the…
SEOUL: Saudi Aramco can meet the oil needs of customers using its spare capacity despite developments in the Gulf that are a cause for concern, the head of the state-run energy giant said on Tuesday. Attacks in May and June on oil tankers near the Strait of Hormuz, the entrance to the Gulf, has raised…
TRIPOLI: When inflation began eating into her state-paid salary Libyan architect and assistant professor Seham Saleh started selling drawings over the Internet to help pay the bills.She joins a growing number of Libyan women launching start-ups in the conservative Arab country, where many still think a woman’s place is in the home but where the…
Saudi Aramco concerned over Gulf attacks, has capacity to meet demand: CEOSEOUL: Saudi Aramco is concerned at recent actions in the Gulf but can meet its customers’ needs thanks to its experience and the availability of additional spare capacity, its chief executive said on Tuesday.“What’s happening in the Gulf is definitely a concern,” Amin Nasser,…
