China, the world's biggest agricultural products consumer, has swooped in to import copious amounts of corn and soy products from the United States and elsewhere this week, taking advantage of the slu
Volvo AB and Scania AB, two of Europe’s biggest commercial-vehicle manufacturers, reported a surge in first-quarter profit as heavy-truck demand rebounds.
Louvre Hotels, owned by US investment group Starwood Capital, said on Wednesday it planned to open 80 new hotels in 2011, mostly in Europe and Asia.
Ahli Bank of Oman posted a 4 million-rial first-quarter profit compared with 3.15m rials in the year-ago period, according to a statement to the Muscat bourse today.
Iraqi inflation slowed to 5 per cent in March from 5.9 per cent in the previous month, the Central Organisation for Statistics and Information Technology reported on its website today.
Qatar’s fourth-quarter budget surplus equaled 9.3 per cent of gross domestic product, the Central Bank said today on its website. The surplus fell from 16.4 perc ent in the third quarter, it said.
Lebanese group Byblos Bank posted a 23 per cent rise in first-quarter net profit to $38.6 million.
Maersk Oil Qatar will resume production in its fire-hit platform in Al-Shaheen oil field in the next 24 hours, company officials said on Wednesday.
Italian fashion house Prada, which is planning an initial public offering, has signed a joint venture deal to distribute its brands in the Middle East, Prada and its partner said on Wednesday.
UAE markets end higher after a bout of strong first-quarter earnings boost investor sentiment and as traders continue to buy into the bourses' possible inclusion in the MSCI index.
