Business

Tehran: Bank Muscat and two other foreign banks are opening up representative offices in Iran as the country seeks to boost investment after reaching an...

Dubai: Dubai hired HSBC to help raise $3 billion to finance the expansion of its airports. Dubai International Airport and Al Maktoum International Airport...

Muscat: Foreign selling pressured the MSM30 Index, which ended at 5,477.70 points, down by 0.07 per cent. The MSM Sharia Index remained unchanged at 841.07...

Muscat: His Majesty Sultan Qaboos Bin Said has sent a cable of congratulations to President General Michel Aoun of the Lebanese Republic on the occasion of...

Cairo: Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Factories...

London: Royal Dutch Shell said third-quarter profit rose 17 per cent after its acquisition of BG Group boosted oil production, helping to counter a slump in...

Muscat: Majority state-owned Petroleum Development Oman (PDO) has signed a $200 million pipe supply contract with an Omani factory as part of its in-country...

Muscat: Oman Telecommunications Company (Omantel) is interconnecting two sub-sea cable systems to deliver ultra-low latency networking between Asia and...

Muscat: Oman UAE Exchange is in the process of offering real time bank account credit facility to any bank in India, Bangladesh and Pakistan. Currently the...

London: BP reported a 49 per cent decline in third-quarter earnings after crude prices fell and refining margins shrank. Profit adjusted for one-time items...