Business

Seoul: LG Electronics on Thursday said continued losses in its mobile unit limited growth in second-quarter profit to 13.6 per cent, as the firm prepares to...

Hong Kong: China's Huawei Technologies forecast smartphone shipments of 140 million-150 million this year, a sharp slowdown in annual growth as the...

San Francisco: A steeper-than-expected drop in quarterly profit rattled some Amazon.com investors, but Wall Street analysts remained largely bullish about...

New York: A flood of Snap shares held back since the Snapchat owner's initial public offering could start to trade freely next week, pressuring a stock...

Muscat: Bank Sohar said it is convening an extraordinary meeting for seeking shareholders’ approval for OMR100 million private placement of perpetual...

Muscat: As part of its value to put safety and the environment first, Oman Oil Refineries and Petroleum Industries Company’s (Orpic) Liwa Plastics...

Muscat: BankDhofar plans to float a rights issue worth OMR40 million to enhance the bank’s equity capital (tier I). The decision was taken by the board at...

Muscat: A 44 million imperial gallons per day (MIGD)-capacity desalination project in Qurayyat will start operation in the fourth quarter of this year. The...

Muscat: Bank Sohar continues to invest in the capacities and growth of its top management, with the recent appointment of a new Head of Investment—Gigi...

Muscat: Most Omani banks have completed their half-yearly reporting obligations. It is now advised that banks should focus on the looming deadline of...