Business

London: BP Plc said it will need a crude price of about $40 a barrel in 2021 to cover spending and dividends, down from $60 this year, as Chief Executive...

Muscat: Oman needs external financing to meet its deficit and to check sustained erosion in foreign assets, according to a leading financial institution....

Dubai: Annual growth in Saudi Arabian bank lending slowed in January to its lowest level in nearly seven years, official data showed on Tuesday, a sign of...

Beijing: China's factory activity expanded faster than expected in February as domestic and export demand picked up, adding to signs that the global...

New York: Toshiba Corp. is sending letters soliciting offers for its memory chip business this week and seeking bids that value it at about 1.5 trillion yen...

Muscat: His Majesty Sultan Qaboos bin Said has sent a cable of congratulations to President Mladen Ivanic, Chairman of the Presidency of Bosnia and...

London: Nissan Motor Co. could face a 500 million-pound ($620 million) hit to profit should the U.K. fall back on World Trade Organisation rules after two...

Muscat: Oman’s 27th edition of COMEX Expo will take place for the first time at the Oman Convention and Exhibition Center on March 28 until April 1,...

London: Opec has cut its oil output for a second month in February, a Reuters survey found on Tuesday, allowing the exporter group to boost already strong...

London/Dubai: Citigroup Inc. is in advanced discussions for a banking license in Saudi Arabia, returning after a more than 10-year absence from the Kingdom,...