Business Blog

MP Faisal Al-Duwaisan has presented a bill consisting of 11 articles for organizing the house rental sector by fixing rents of residential units based on location and punishing house owners who increase the rents of their residential units illegally.

Former Bayern Munich manager Felix Magath has purchased around a 1% stake in Rangers International Football Club.

Drinks giant Coca-Cola is set to cut up to 1,800 jobs worldwide as it continues cost-cutting efforts.

Turkey's Bank Asya has signed a deal to sell its 40% stake in Tamweel Africa Holding to the Islamic Corporation for the Development of the Private Sector (ICD) for 31.8 million euro (USD 37.7 million), Bank Asya said.

Sharp 3.3% year-on-year decline in December fuels deflation fears in world’s second-biggest economy

The inflation rate in China remained near a five-year low in December, edging up to 1.5% from 1.4% the month before, official figures show.