America’s saving surprise
CAMBRIDGE: The household saving rate in the United States has tripled in the past three years. Why? And what does it mean for the US economy and the rest of…
Rebuilding euro governance
COPENHAGEN: Europe’s sovereign-debt problems have prompted a search for more effective approaches to economic governance in the European Union, particularly in the euro area. Having mounted exceptional efforts, first to…
Texas ed board adopts resolution limiting Islam
The Texas State Board of Education adopted a resolution Friday that seeks to curtail references to Islam in Texas textbooks, as social conservative board members warned of what they describe…
British film ‘Neds’ wins top prize at San Sebastian festival
A coming-of-age tale set in 1970s Glasgow, “Neds,” by Scottish actor and director Peter Mullan, won top honors on Saturday at the San Sebastian film festival in northern Spain. The…
Kuwait oil minister says OPEC will not change output quota
NEW DELHI: OPEC will not change its output quota at its next meeting on Oct. 14 in Vienna, Kuwaiti Oil Minister Sheikh Ahmad al-Abdullah al-Sabah said on Saturday on arriving…
Aldar expects to swing to profit in Q3, Q4, says report
DUBAI: Aldar Properties, Abu Dhabi's largest developer by market value, expects to swing to profit in the third and fourth quarters due to project deliveries, an executive was reported as…
Could Northern Iraq become a Popular Tourist Destination?
Ever since Kurds established their own semi-autonomous region in Northern Iraq following the US-led invasion in 2003, the Kurdish leader has been promoting the region as a tourist hot spot,…
UAE sees BlackBerry issue solved before deadline
ABU DHABI: The United Arab Emirates is "very optimistic" about reaching an agreement in a dispute with BlackBerry maker Research In Motion before an official deadline, a top Abu Dhabi…
Saudi energy demand rising too fast, says central bank
RIYADH: Saudi Arabia needs to tame growth in its domestic oil and gas consumption, which are too big for both its population growth and the size of its economy, the…
Saudi king, British defence minister in security talks
JEDDAH: British defence minister Liam Fox and Saudi King Abdullah discussed Saturday key regional stress points including Iran and Afghanistan, a British official said. "The defence secretary discussed issues including…
