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Corporate News 28 Nov 2018 | 12:39 AM

China will retaliate 'in proportion' to any US sanction over Muslim Uighurs

WASHINGTON: China will retaliate "in proportion" if the United States sanctions its top official in the restive region of Xinjiang over alleged human rights abuses, China's ambassador to the United States said on Tuesday, adding that Beijing's policies in the region are to "re-educate" terrorists.

Business 12 Nov 2018 | 1:01 PM

In OPEC heartland, billions are spent to boost oil capacity

DUBAI: OPEC members may be weighing oil production cuts again, worried that a slowing global economy will undermine prices, but in the group’s Middle East heartland producers are spending billions to add output capacity for the long term.

Investment 25 Oct 2018 | 12:13 AM Premium

Trump’s big bet on Saudis now poses a bigger dilemma

The killing of Jamal Khashoggi complicates president’s hope to reap rewards from stronger ties

Business 13 Sep 2018 | 12:00 AM

Tech firms face hefty fines under new EU terror rules

They have to quickly remove bad propaganda from their sites

Business 24 Dec 2017 | 1:41 PM

Iraq's Oil Ministry invites bids for new Kirkuk export pipeline

BAGHDAD: Iraq has given foreign energy companies a month to signal their interest in building a new export pipeline from the Kirkuk oilfields in the north of the country.

Business 18 Oct 2017 | 7:08 AM

Iraqi oil minister asks BP to develop Kirkuk oilfields, oil ministry says

BAGHDAD:Iraqi Oil Minister Jabar al-Luaibi has asked BP ''to quickly make plans to develop the Kirkuk oifields,'' an oil ministry statement said on Wednesday.

Corporate News 28 Aug 2017 | 3:14 AM

Braving security fears, Chinese seek 'Silk Road' riches in Pakistan

LAHORE, Pakistan/SHANGHAI (Reuters) - Zhang Yang, a businessman from Chongqing in southwest China, is searching online forums for fellow stout-hearted entrepreneurs willing to cast aside security concerns and join him on a scouting mission to Pakistan.

Economy 13 Jul 2017 | 11:10 PM

Malaysia shelves US$2bil plan to buy new fighter jets

KUALA LUMPUR: Malaysia has put on hold a $2 billion (£1.5 billion) plan to replace its ageing fleet of combat aircraft, looking instead to upgrade its aerial surveillance capabilities to confront the growing threat of militancy inspired by the Islamic State group, a source with knowledge of the matter said.

Business 17 May 2017 | 3:03 PM

Wall Street skids amid Trump turmoil

NEW YORK: US stocks were sharply lower on Wednesday after reports of a leaked memo by former FBI chief James Comey caused alarm on Capitol Hill, raising questions about whether President Donald Trump tried to interfere with a federal investigation.

Economy 17 May 2017 | 2:51 AM

US stock futures, US$ fall in early Asian trade Wednesday

TOKYO: U.S. share futures and the dollar slipped in early Asian trade on Wednesday after reports that President Donald Trump asked then-FBI Director James Comey to end a probe into his former security adviser