Bloomberg Saudi Arabia’s main stock index dropped for a third day, finishing below a mark it has held since December, as the coronavirus reduces demand for oil. The Tadawul index fell 1.3%, the most among major gauges in the Middle East and below its 100-day moving average for the first time this year. State oil producer Saudi Aramco retreated as …

DUBAI / WAM Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded a five percent increase in revenue to AED4.673 billion, compared to AED4.446 billion in 2018. The company revealed in a statement that overall net profit in 2019 amounted to AED2.286 billion, similar to net profit for 2018 of AED2.230 billion. Revenue grew by four …

Bloomberg Lockheed Martin Corp and Raytheon Co. are among more than 70 international aviation companies withdrawing from Asia’s largest aerospace and defense conference in Singapore as concerns mount over the new coronavirus outbreak. Organiser Experia Events said the airshow which starts on February 11 will continue as planned, and companies that had pulled out represent less than 8% of participants. …