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  DUBAI / Reuters Saudi Arabia’s Almarai, the Gulf’s largest dairy company, reported a 10 percent rise in third-quarter net profit on Sunday, broadly meeting analysts’ forecasts with the help of cost controls it said would remain a priority. Saudi retailers will in coming quarters have to weather the impact of austerity measures imposed to curb a huge state budget ...

  Bloomberg Qatar’s royal family is considering increasing its stake in Deutsche Bank AG to as much as 25 percent, according to people with knowledge of the matter. Sheikh Hamad Bin Jassim Bin Jabr Al Thani, former Prime Minister of the Gulf State, and the former Emir of the country, Sheikh Hamad bin Khalifa Al Thani are exploring increasing their ...

  London / AFP The British government stepped back on Sunday from a plan to make employers list their foreign workers as it talks tough on immigration following the Brexit vote, after a backlash among business leaders. “We are not going to be asking companies to list or name or publish or identify their foreign workers,” Defence Secretary Michael Fallon ...

  Bloomberg U.K. Prime Minister Theresa May will begin a diplomatic offensive on Monday amid mounting international concern and domestic opposition to her so-called hard Brexit rhetoric for leaving the European Union. May will go to Denmark and the Netherlands for talks with other EU leaders as comments suggesting that her priority will be to curb immigration spurred concern of ...

  Bloomberg Merck & Co.’s cancer treatment Keytruda was almost twice as successful at shrinking lung cancer tumors than a standard chemotherapy regimen, a study of the drug in previously untreated patients found. In the 123-patient study, 55 percent of those on Keytruda plus two chemotherapy drugs saw their tumors get smaller, compared with 29 percent on just the chemotherapy ...

  Bloomberg Unlike many pension investors, Sweden’s 300 billion-krona ($34 billion) AP7 fund, can to a large extent stay away from the bond markets. It’s manager, Richard Grottheim, is remarkably positive. As political risk mounts in Europe and the U.S., and as central banks are greasing financial markets with ever more free cash, Grottheim says it will likely all work ...

  ABU DHABI / WAM HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs and his delegation, met with Pierre Gramegna, Luxembourg Finance Minister as part of a series of bilateral talks held in Washington, alongside the 34th annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG). Al Tayer and Gramegna discussed mutual ...

  DUBAI / WAM The Sheikh Zayed Housing Programme announced that it would build a 729-house project in the emirate of Ajman, the largest residential complex the programme has carried out since its inception in 1999. “The housing project is to be implemented based upon the leadership’s directives to provide houses to citizens, so as to enjoy social stability. The ...

  ABU DHABI / WAM A high level delegation from the United Arab Emirates (UAE), headed by Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, will take part in the World Energy Congress (WEC 2016), which will open in Istanbul on Sunday. The UAE delegation will have representatives from the Ministry of Energy, Abu Dhabi Water and Electricity ...

  GENEVA / WAM The Ministry of Economy has recently signed a strategic new Memorandum of Understanding (MoU) with the Korean Intellectual Property Office (KIPO) to further promote and protect intellectual property in the UAE. The MoU was signed by Mohammed Ahmed Bin Abdul Aziz Al Shehhi, Undersecretary for Economic Affairs and Choi Donggyou, Commissioner, KIPO on the sidelines of ...