Economy
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Saudi National Bank appoints al-Ghamdi as chairman
Saudi National Bank Chief Executive Saeed Mohammed al-Ghamdi has been appointed as the bank’s chairman after the resignation of Abdul…
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Qatari Sheikh Jassim submits new bid for Man United: UK media
Qatari Sheikh Jassim bin Hamad Al Thani has submitted a new bid to buy Manchester United, according to UK media…
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UBS seeks dealmaking revival in Middle East with Credit Suisse takeover
UBS Group AG may use its takeover of Credit Suisse Group AG as an opportunity to rebuild its investment banking…
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Saudi Aramco signs MoU with Samsung on localizing 5G tech
Saudi energy giant Aramco signed an agreement with Korean tech behemoth Samsung to localize 5G technology in the Kingdom. The state-run Saudi…
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Pakistani professionals struggle with higher costs as economy on edge of collapse
Naureen Ahsan earns more than twice the average wage in Pakistan, but the school administrator says she has no choice…
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Credit Suisse, UBS among banks in DOJ Russia-sanctions probe
Credit Suisse Group AG and UBS Group AG are among banks under scrutiny in a US Justice Department probe into…
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Credit Suisse buyout was for financial stability: Bank chief
The UBS takeover of stricken bank Credit Suisse was orchestrated in order to preserve financial stability not only in Switzerland but around…
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Boeing gets $1 bln Japan Airlines order for 737 21 of its Max jets
Boeing Co. secured a win in Japan with an order from the nation’s flag carrier for 21 of its 737…
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US nominee for World Bank, Ajay Banga, in native India to meet with PM Modi
The US nominee to lead the World Bank, former Mastercard CEO Ajay Banga, returns to his native India on Thursday,…
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Gulf nations follow US Fed’s quarter-point hike to maintain pegs
Central banks in the Arab Gulf including in Saudi Arabia and Qatar followed the US Federal Reserve’s 25 basis-point rate…
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