Business Archive
  • »Tunisia sees losses of $515 million for tourism this year after attack

    Tue 30 June / Jun 2015. 10:25 AM
    TUNIS - Tunisia expects to lose at least $515 million this year, or about a quarter of its estimated annual tourism earnings, following last Friday's attack on a beach hotel that killed 39 people, mostly British holidaymakers.

    The attack by...
  • »Greece shuts banks after talks break down

    Mon 29 June / Jun 2015. 09:01 AM
    Greece moved to check the growing strains on its crippled financial system on Sunday, closing its banks and imposing capital controls that brought the prospect of being forced out of the euro into plain sight.
  • »Eurozone leaders echo hopes for Greek deal

    Tue 23 June / Jun 2015. 09:09 AM
    Eurozone leaders have echoed hopes that a deal can be struck within days to stop Greece defaulting on its debt.
  • »Greece and creditors fail in 'last attempt' to reach deal

    Mon 15 June / Jun 2015. 08:03 AM
    Talks on ending a deadlock between Greece and its international creditors broke up in failure on Sunday, with European leaders venting their frustration as Athens stumbled closer toward a debt default that threatens its future in the euro.
  • »Oil prices slip on dollar rally, ample supply

    Tue 19 May / May 2015. 05:58 PM
    Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen.
  • »Loans, deposit growth underpin profit at Jordan's Arab Bank

    Wed 6 May / May 2015. 08:31 AM
    Arab Bank Group, Jordan's largest lender, posted a small rise in first-quarter net profit to $217.2 million on Wednesday, helped by a rise in loans and customer deposits.
  • »Fed's Yellen says met firm at heart of leak probes

    Tue 5 May / May 2015. 11:58 AM
    U.S. Federal Reserve Chair Janet Yellen met with a research firm that later published confidential information from the central bank, she said on Monday.
  • »Warren Buffett denies that Berkshire Hathaway 'too big to fail'

    Sun 3 May / May 2015. 01:11 PM
    Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight.
  • »U.S. economy nearly stalls in first-quarter as weather, lower energy prices bite

    Wed 29 April / Apr 2015. 05:30 PM
    U.S. economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending, but there are signs activity is picking up.
  • »Oil prices hold steady as Yemen bombing continues

    Thu 23 April / Apr 2015. 10:42 AM
    Oil prices held steady on Thursday as renewed fighting in Yemen countered worries over rising U.S. crude inventories due to still-robust shale production.
  • »Big Bike Show 2015

    Thu 9 April / Apr 2015. 02:43 PM
    Ideal Vision for Marketing and exhibitions, had organized a motorcycle exhibition which was the first of its kind in Jordan. The Exhibition was under the patronage of his Excellency Ala’ Al- Bataynah, in contribution with Jordan Traffic...
  • »Shell challenges Exxon dominance with 47-billion-pound bid for BG

    Wed 8 April / Apr 2015. 05:10 PM
    Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70.2 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. ExxonMobil after a plunge in prices.
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