Business

Khobar, (Saudi Arabia): State oil firm Saudi Aramco said the first phase of a new Energy Industrial City in Saudi Arabia will be completed in 2021. Last...

Muscat: Oman’s economy is expected to witness a slowdown in 2017, but the country is well placed to deal with the challenges posed by the economic...

Muscat: Oman Telecommunications Company (Omantel), the Sultanate’s biggest telecom service provider, said its group net profit stood at OMR40.8 million...

Muscat: Bank Nizwa, the Sultanate’s first and leading Islamic bank, reported a net profit of OMR1.3 million for the first half of 2017, against a loss of...

Frankfurt: The European Central Bank (ECB) is keen to keep its asset purchases open-ended rather than setting a potentially distant date on which...

London: Barclays is talking with Irish regulators about extending its activities in Dublin in preparation for when Britain leaves the European Union, the...

New York: Citigroup reported a quarterly profit that beat analysts' estimates as trading revenue held up better than the company's forecast and...

New York: Analysts pressed Wells Fargo executives about the bank's expenses on Friday after it failed to meet revenue expectations and indicated that...

Washington/New York : The top Democrat on the US House of Representatives' antitrust subcommittee has voiced concerns about Amazon.com's $13.7...

New York: JPMorgan Chase reported a better-than-expected quarterly profit on Friday due to strong loan growth and higher interest rates, but said net...