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Saudi Hollandi Q3 net profit rises 6.8pcSaudi Hollandi Bank, Saudi Arabia's oldest lender, reported a 6.8 per cent rise in third-quarter net profit on Thursday that narrowly missed analyst forecasts. The lender made a profit of SR493 million ($13 More… |
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US productivity rises in Q2, but trend still softUS non-farm productivity rebounded in the second quarter, but a weak underlying trend suggested inflation could pick up more quickly than economists have anticipated. Productivity increased at a 1.3 per cent annual rate in the Apr More… |
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Oil prices rise on China stocks rebound, Greek deal hopesOil prices rose on Friday on hopes that the Greek debt crisis could be resolved and as Chinese stocks rebounded, but analysts said bigger jumps were unlikely as global crude production remained high. Greece has tabled a cash-for-r More… |
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Gold retreats from 4-week high as dollar rises, oil slidesGold retreated from an earlier four-week high on Tuesday, losing momentum as lacklustre euro zone data hurt the euro versus the dollar, though fears over global growth limited losses. Deepening worries over the health of the globa More… |
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UAE inflation hits 11.1pc on commodity costsThe UAE’s inflation hit 11.1 per cent in 2007 mainly due to the steep hike in the prices of goods and services, a minister said citing a research conducted by the Ministry of Economy's consumer price index (CPI) division. The figure More… |
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Saudi Q4 inflation jumps over 6pcConsumer prices in the Saudi capital, Riyadh, and four other cities topped 6 percent in the fourth quarter, growing faster than the average of 16 cities, as food, rent and utility costs surged, official data showed. Saudi Arabia's dollar p More… |
