ECONOMY
Economy

Adidas plans to sell loss-making Reebok business within months, says report

Thursday, 22 October 2020

German sportswear company Adidas is planning to sell its Reebok division, Germany’s manager magazin ......

Weak demand hits Oman’s $2 bln bond sale amid US political headwinds

Thursday, 22 October 2020

Oman’s new $2 billion bond disappointed on Thursday, with demand hit by worries about the country’s ......

UK’s Sunak more financial help for coronavirus-hit businesses

Thursday, 22 October 2020

British finance minister Rishi Sunak was forced to offer more financial help on Thursday to ......

In bid to cut down emissions, Poland to seek EU state aid to build nuclear plant

Thursday, 22 October 2020

Poland will ask the European Commission to approve state aid for the construction of a nuclear power ......

Oman discusses plans for replacing expats with locals in government firms

Wednesday, 21 October 2020

Oman’s labor minister discussed plans for replacing foreign workers with Omani workers in government ......

UAE-Israel relations take off with aviation deal, includes 28 weekly Tel Aviv flights

Wednesday, 21 October 2020

UAE-Israel relations are taking off with the signing of an air transportation agreement that allows ......

For violating US sanctions on Iran, Warren Buffett firm to pay $4.1M fine

Wednesday, 21 October 2020

Warren Buffett’s company has agreed to pay a $4.1 million fine because one of its subsidiaries ......

Coronavirus: UK inflation rises as ‘Eat Out to Help Out’ scheme ends

Wednesday, 21 October 2020

British inflation rose to 0.5 percent in September, official data showed Wednesday, as the UK ......

Coronavirus: COVID-19 speeds up human vs machine standoff over work, says study

Wednesday, 21 October 2020

As automation and online work gain ground, organizers of the annual Davos forum are projecting ......

EU’s chief negotiator Barnier warns ‘little time left’ as Brexit stalemate drags on

Tuesday, 20 October 2020

The EU’s chief negotiator Michel Barnier urged Britain on Tuesday to use the little time that ......

Booming share prices and new stock listings lead to creation of many new billionaires

Tuesday, 20 October 2020

China is minting new billionaires at a record pace despite an economy bruised by the coronavirus ......

As it plans to issue bonds, Oman needs to convince investors about fiscal reforms

Tuesday, 20 October 2020

Oman’s return to the international bond market this week will be a test of its ability to convince ......

Saudi Arabia’s property market resilient, outlook positive despite coronavirus: JLL

Tuesday, 20 October 2020

Saudi Arabia’s residential property market is expected to maintain its momentum despite ......

Abu Dhabi’s Etihad Airways plans transition Islamic bonds

Tuesday, 20 October 2020

Etihad Airways, wholly owned by the Abu Dhabi government, is planning to sell US dollar-denominated ......

Dubai’s Union Properties will restructure debt amid real estate dip

Tuesday, 20 October 2020

Union Properties PJSC is restructuring debt and trimming costs to weather a slump in Dubai’s real ......

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