News

  Beijing / Bloomberg There’s about to be a flight to quality in China’s bond market. Fourteen of 22 respondents in a Bloomberg survey of investors and analysts said they are most interested in buying securities issued by the government and policy banks in the next quarter, compared with just four of 19 in a similar poll three months ago. ...

  Seoul / AP Netflix plans to expand its Asian offerings to its subscribers around the world by tapping more creators in Asia. Netflix chiefs said on Thursday that the US streaming service company is looking at many projects throughout Asia, including original series by Asian creators. Netflix invested in South Korean filmmaker Bong Joon-ho’s upcoming movie “Okja,” its first Korean ...

  New Delhi / Bloomberg The bitter fight for market share between Indian ride-hailing startup Ola and San Francisco-based Uber Technologies Inc. is taking on nationalist overtones in a battle unfolding in an Indian court. Ola’s parent ANI Technologies Ltd told a court in Bangalore this week that it is an indigenous startup whose success can be attributed not just ...

  Tehran / Reuters Iran’s oil exports in July are set to fall from June levels as the country battles Saudi Arabia and Iraq for market share but are about 70 percent higher than a year ago, according to a source with knowledge of the country’s crude lifting plans. Exports will be about 2.14 million barrels per day (bpd) in ...

  RIYADH / Reuters Saudi Arabia’s L’azurde Company for Jewellery, which surged on its trading debut in Riyadh on Wednesday, plans to almost double the number of its branches in the MENA by 2018. Chief Executive Selim Chidiac told Reuters that market conditions in Saudi Arabia were very challenging as consumers have been hit by the slide in oil prices, ...

  Jeddah / Emirates Business The Kingdom of Saudi Arabia (KSA) has moved up the rankings to finish in the ‘Semi-Transparent’ category for the first time in the JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI). Strong advances over the past two years have seen Saudi Arabia (63rd) and Egypt (65th) move into the dynamic ‘Semi-Transparent’ ...

  Jeddah / TNS Young Saudis who recently joined the sale and maintenance of mobile phone market are raving about their experience and high financial returns, which they attribute to the decision to nationalize the sector and allow many young Saudis access to job opportunities and ownership of such shops. Seller Abdullah Ani, who works at a mobile shop, says ...

  Jordan / TNS Plans are in place to set up new stations to monitor air pollution in industrial areas in Jordan, officials at the Ministry of Environment said. The ministry will also enhance the performance of the 14 stations currently set up in Amman, Irbid and Zarqa, which are electronically linked to the ministry to test air pollution levels, ...

  TNS Women’s wages are higher than men in the private sector, according to figures released by the Saudi Arabian Monetary Agency (SAMA). Their monthly salary average is SR3,497 whereas for men it is SR2,417, while the gross average for both is SR2,417. However the percentage of average wage growth for men in 2015 was higher than women, increasing by ...

  Bloomberg The U.S., Canada and Mexico put climate change at the center of efforts to deepen the North American alliance, pledging to cut greenhouse gas emissions from the oil and gas sector, boost the development of clean power and build new cross-border transmission lines. President Barack Obama, Canadian Prime Minister Justin Trudeau and Mexico President Enrique Pena Nieto completed ...