Hankook Tire Co Ltd stepped up by striking a deal with luxury car maker Daimler AG to supply tires for its new Mercedes-Benz S-Class and E-Class sedans.

The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.

The mining industry would suffer further degrowth without changes in policy and structure. Many experts have called out to the government that the mining and quarrying industry would most likely suffer more as it contracts by 2.

The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.

Many Gulf markets registered losses as the region prepares for the possible military action to punish the Syrian chemical attack on civilians.

The boards of Verizon and Vodafone would vote over the weekend on the proposed USD130 billion buyout.

President Xi Jinping's anti-corruption drive tries another senior official of graft. The Chinese government's investigation on corruption has now turned to the head of its state assets regulator in what has been called 'serious discipline violations'.

After a three year prohibition on share trading, Warba Bank shares are now available for trading in the stock market.

The latest purchase made by Coca-Cola in Mexico was recently announced after an acquisition spree across three continents was undertaken.

Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.