Business

Muscat: Bank interest rates have shown a substantial yearly increase, in view of the tight liquidity situation within the financial system. According to the...

Muscat: Amid improved trading activity, the MSM30 Index gained 0.29 per cent to close at 5,750.91 points. The MSM Sharia Index ended at 857.38 points, up...

Muscat: Saudi Arabia’s budget deficit is set to narrow in 2017, as a result of higher oil prices and diversification measures increasing non-oil revenues,...

Muscat: Petroleum Development Oman (PDO) is installing thousands of solar panels in its car parks to provide power for its headquarters in Muscat. The...

Muscat: Galfar Engineering and Contracting, the Sultanate’s leading contracting firm, reported a consolidated net loss of OMR5.78 million for 2016,...

New York: Around the world, people are demanding change. Recent electoral outcomes – perhaps most notably, the Brexit vote in the United Kingdom and the...

Washington: Trump administration this week will begin laying groundwork for a trade deal between the US and the UK that would take effect after Britain...

Muscat: Contractors will no longer be required to show proof of capital to work in Oman, according to a new ministerial decision issued by the Ministry of...

Manila: Philippines Finance Secretary Carlos Dominguez will meet with key Chinese officials in a two-day visit to discuss details for $15 billion worth of...

Vienna: Opec and Russia said they are ahead of schedule implementing their historic agreement to curb oil output and boost prices. Saudi Arabia, Algeria and...