After weathering the recent dip in the Middle East’s construction and equipment sector, Chinese manufacturers have settled on a path of slow and stable expansion in the regionThe Middle East market may not be what it was two years ago, but that is not deterring the big-ticket Chinese equipment maker

Lloyds Banking Group says it has set aside another £1bn for personal protection insurance claims (PPI), £700m more than it was planning to.It said the extra provision would cover "reactive claims" of about 9,000 per week through to August 2019.It has also set aside £540m to cover packaged bank accou

Profits at Alphabet, the parent company of search giant Google, have been hit by the record fine imposed by the European Commission last month.The firm said it saw strong growth in the second quarter, with revenues of about $26bn (£19bn), up 21% compared to the same period in 2016.But profits for th

JINAN, April 7 -- China's Shandong Gold Mining will pay 960 million U.S. dollars to Barrick Gold Corp. for a 50 percent stake in its Veladero gold mine in Argentina.The agreement was inked Thursday in Jinan, capital of Shandong Province in east China.This is the first cooperation between the two min

SAN FRANCISCO, April 21 -- A power outage Friday morning left about 90,000 utility customers without electricity in the northern part of San Francisco, a city on the U.S. West Coast.The San Francisco Fire Department notified that it received multiple emergency calls that 20 elevators were stuck with

Echoing the Belt and Road Forum for International Cooperation which was held on May 14-15 in Beijing, in South China's Shenzhen, the 13th China (Shenzhen) International Cultural Industry Fair (ICIF) was hosted on May 11-15.This year, ICIF has attracted 2,302 exhibitors, including 117 overseas ones f

Earlier this year, global design consultancy firm Arcadis issued its Global Construction Disputes Report. The report has generated discussion in the region, noting that the Middle East now heads the list for the average value of disputes ($82m), swapping places with Asia ($67m). While in this articl

Iran plans Monday to sign a formal contract with Total SA and China National Petroleum Corp. to develop its share of the world’s biggest natural-gas field – the first investment in the country by an international energy company since sanctions were eased last year.Total and CNPC signed a “heads of a