Business

Muscat: A land lease agreement was signed by an Indian company with Sohar Freezone to build a $300 million cotton yarn plant within the free zone area. The...

London: Germany’s Volkswagen (VW) is moving to secure long-term supplies of cobalt, a vital component of rechargeable batteries, as the group accelerates...

Ottawa: Talks to update the North American Free Trade Agreement (NAFTA) intensified on Saturday although US negotiators looked set to once again withhold...

Rome: Italy on Saturday raised its forecasts for economic growth this year and next and said it would cut the budget deficit by less than previously...

Muscat: Strategies to raise the contribution of renewable energy sector to 10 per cent of the total electricity production of the Sultanate by 2030 were...

Muscat: A smart recovery in crude oil prices has resulted in a surge in the Oman government’s net oil revenues, which soared by 43 per cent to OMR2,564.7...

Zurich: US central banker John Williams said on Friday he does not expect any market turbulence as the Fed gets under way with reducing the huge balance...

Beijing: China's attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P...

London: Ratings agency Moody's downgraded Britain's credit rating by a further notch on Friday, saying the government's plans to fix the public...

Vienna: Opec and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether...