Business Blog

Malaysia's CIMB Group Holdings Bhd and two smaller domestic lenders have agreed to create the country's biggest banking group, in a deal that financial sources say will value the merged entity at around USD 22 billion.

A former Chinese mining firm executive on the run from insider trading charges in Australia has been extradited from Hong Kong.

With a significant rise in the number of other GCC citizens spending their holidays in Qatar, calls have been made to establish more mid-range hotels in the country to attract more tourists.

Makkah Gov. Prince Mishaal bin Abdullah has commended the services being extended by the Haji and Mutamir Gift Organization (HMGO) to the guests of God during the Haj season.

All Umrah companies now need to provide the government with a SR2 million bank-guaranteed check if they want to operate in the Kingdom.

Danish toymaker Lego will not renew a promotional contract with Royal Dutch Shell following pressure from environmental group Greenpeace.