Bloomberg National Commercial Bank (NCB), Saudi Arabia’s biggest lender, started initial talks with Riyad Bank for a merger — a deal that would create the Gulf’s third-biggest lender with $182 billion in assets. Talks may not result in a transaction, National Commercial Bank said in a statement. The lender said it has coordinated the move with the central bank and ...

Bloomberg China announced another round of tariff cuts, lowering import taxes on more than 700 goods from January 1 as part of its efforts to open up the economy and lower costs for domestic consumers. There will also be cuts to some export tariffs, and temporary import tariff rates will be as low as zero for some goods, the Ministry ...

SHARJAH / WAM Sharjah airport has received the inaugural flight of Pegasus Airline, arriving from Sabiha Airport in Istanbul. Pegasus Airline introduced its new daily service on Sharjah-Istanbul route in response to the increasing demand for travel to and from Sharjah due to the regional and global importance of Sharjah Airport as a passenger hub. The route will provide passengers ...