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Business News > Mint Authors > Andrew Torchia

Andrew Torchia

ARTICLES BY ANDREW TORCHIA

Saudi Arabia crown prince Mohammed bin Salman presides over a meeting of the Council of Economic and Development Affairs in Riyadh, on Tuesday. Photo: Reuters

Saudi Arabia makes further anti-graft arrests, say reports

2 min read . 08 Nov 2017

The consortium comprising Shanghai Electric and Saudi Arabia’s ACWA Power bid to supply electricity to Dubai for 7.3 US cents per kilowatt hour.

Dubai awards $3.9 bln solar energy contract to Shanghai Electric, ACWA Power

1 min read . 16 Sep 2017

Saudi Arabia plans to sell about 5% of Aramco, to raise money for reinvestment in non-oil industries. Photo: Reuters

Saudi Arabia assures investors that reforms, Aramco IPO on track

2 min read . 09 Sep 2017

The diplomatic boycott of Qatar by Saudi Arabia-led Gulf countries also appears to be causing Qatari banks to rein in their business abroad. Photo: Reuters

Qatar deposited $6.9 billion in banks in July to offset Gulf crisis outflows

2 min read . 22 Aug 2017

July’s sharp rise was partly due to the timing of the Islamic holy month of Ramzan. Photo: Bloomberg.

Dubai airport passenger traffic hits record 7.62 million in July

1 min read . 05 Sep 2016

Foreign minister Sushma Swaraj on Saturday said over 10,000 Indians in Saudia Arabia and Kuwait were facing a ‘food crisis’ because of economic hardships, while appealing to an estimated 3 millions Indians living in Saudi Arabia for help.

Govt says to bring back workers facing ‘food crisis’ in Saudi Arabia

1 min read . 31 Jul 2016

Last December, to curb an annual budget deficit of nearly $100 billion caused by slumping oil revenues, the Saudi government announced cuts in spending and energy subsidies. Photo: Reuters

Saudi Arabia’s Q1 economic growth slowest in three years

2 min read . 03 Jul 2016

Smoke billows from the Address Downtown Hotel in Dubai on January 1, 2016, in the aftermath of a huge fire that engulfed several floors of the building. Photo: Reuters

Dubai blaze raises questions over Gulf skyscraper design

2 min read . 02 Jan 2016

A file photo Saudi women shopping at a mall in Riyadh, Saudi Arabia. The kingdom has announced a projected budget deficit in 2016 of $87 billion, as lower oil prices cut into the government’s main source of revenue. Photo: AP

Saudi Arabia plans spending cuts, reforms to shrink huge budget deficit

2 min read . 29 Dec 2015

3D printing, which uses a printer to make three-dimensional objects from a digital design, is taking off in manufacturing industries around the world but has so far been used little in construction. Photo: Reuters

Dubai plans world’s first 3D printed office building

1 min read . 30 Jun 2015

Dubai International Financial Centre has boomed since it was set up as a financial free zone in 2004, becoming the Middle East’s main banking hub.

Dubai creates new fund class to lure asset managers

2 min read . 19 Aug 2014

IMF said the total debt of the Dubai government and its GREs had risen $13 billion to $142 billion between March 2012 and April 201. Photo: AFP (AFP)

IMF warns Dubai on debt, surging property prices

3 min read . 30 Jul 2013