Economy

Muscat: Assarain Concrete Products (Duqm) (ACPD), part of the reputed Assarain Group, has signed a 25-year-long usufruct (land) renewable lease agreement...

Ankara: Iranian Oil Minister Bijan Zanganeh said some members of oil producer group Opec were acting in accordance with US policies, Iran's Khaneye...

Dubai: Saudi Arabia is moving ahead with economic reforms and growth in its non-oil economy will pick up this year despite any delay to a planned sale of...

San Francisco: Tesla CEO Elon Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion deal to take his US electric...

Genoa: Italy mourned the victims of the collapse of a motorway bridge in the northern city of Genoa with a state funeral on Saturday, as rescue workers kept...

London: Swept along by super-easy money, investors have debated for years how world markets will react when this central bank largesse inevitably ends. Now...

Istanbul: Standard & Poor's said on Friday it had cut Turkey's sovereign credit rating deeper into "junk" territory, citing extreme lira...

Dubai: Saudi state oil giant Saudi Aramco remains committed to meeting future oil demand through continued investments, the kingdom's Energy Minister...

Caracas: Venezuela's president Nicolas Maduro announced on Friday a single exchange rate pegged to his socialist government’s petro cryptocurrency,...

New York/Boston: Several Tesla Inc shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if...