Riyadh / AFP Their heads bowed, young Saudi men concentrate on exam papers in a workshop filled with industrial machines that will help them earn a living. The students at the Higher Institute for Plastics Fabrication (HIPF) learn to manufacture plastic bags, pipes, bottles and other products, skills they immediately put to work in what the government says is a ...

  Bloomberg The Reserve Bank of India is bracing for a fight on proposed changes to the global regulatory framework that would hit the country’s lenders with higher capital charges for the mountain of government debt on their books. Tighter rules would bite India’s banks, already struggling with surging bad loans and higher provisions. With nearly 30 percent of their ...

  Bloomberg Indian oil producers Oil and Natural Gas Corp and Oil India Ltd gained as the government was said to have allowed refiners to raise the price of kerosene each month for 10 months, reducing the burden of subsidies. ONGC rose as much as 6 percent to 241.55 rupees, the highest on an intraday basis in six months, and ...