• New Dubai airport seeks to be the world’s busiest

    DUBAI — Flights from the new Dubai airport will start in October with aviation officials saying that the goal is to make it the world’s busiest airport, News.com.au said on Thursday.

    Dubai World Central, about 60 kilometers southwest of the …

  • Best Buy stores to feature Samsung kiosks

    NEW YORK — Shares of Best Buy jumped on Thursday after it announced plans to create store-within-store kiosks for Samsung products — a vote of confidence from a major consumer electronics retailer that the brick-and-mortar format is still an important …

  • Egypt expects IMF loan agreement in two weeks

    CAIRO — Egypt’s planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund (IMF) on a $4.8 billion loan within two weeks, the state news agency MENA reported.

    Ashraf Al-Araby also said …

  • Spending cuts hit growth in rich nations, says OECD

    PARIS — Businesses cutting into their inventories and reduced government spending dragged down growth at the end of last year in industrialized countries, leading to a 0.1 percent contraction, the OECD said Thursday.

    Real gross domestic product (GDP) in the …

  • Bahrain key market for Saudi Arabian Airlines

    MANAMA – Bahrain is a high growth market for Saudi Arabian Airlines (Saudia) as air traffic between the two kingdoms continues to surge, the Saudi national carrier’s top official said.

    “Saudia operates daily flights to Bahrain, occupies 65 percent of …

  • Saudi non-oil sector’s rally ‘solid’

    JEDDAH – The Saudi Arabian non-oil producing private sector companies registered further solid improvement in overall business conditions, SABB/HSBC Saudi Arabia Purchasing Managers’ Index (PMI) for March 2013 released Wednesday showed.

    The seasonally adjusted headline PMI posted 58.9 in March, …

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