Economy

Istanbul: Standard & Poor's said on Friday it had cut Turkey's sovereign credit rating deeper into "junk" territory, citing extreme lira...

Dubai: Saudi state oil giant Saudi Aramco remains committed to meeting future oil demand through continued investments, the kingdom's Energy Minister...

Caracas: Venezuela's president Nicolas Maduro announced on Friday a single exchange rate pegged to his socialist government’s petro cryptocurrency,...

New York/Boston: Several Tesla Inc shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if...

Muscat: Kuwait Financial Centre (Markaz) announced a revenue of KD8.77 million during the first half of 2018, an increase of 13.7 per cent on a year-on-year...

Cairo: Egypt's central bank left its main interest rates unchanged on Thursday, saying a second quarter of strong GDP growth and an expected decline in...

Muscat: Private deposits at commercial banks in the Sultanate as of the end of May 2018 rose by 1.5 per cent to OMR12.57 billion compared with OMR12.35...

London: Britain's inflation rate rose in July for the first time in 2018, keeping the squeeze on many households' budgets, but there were signs that...

Muscat: Contributing to Oman’s economic diversification efforts, Sohar Aluminium partnered with their latest downstream customer, Synergies Castings, the...

Muscat: The Public Establishment for Industrial Estates (PEIE) organised recently a training programme on creative thinking at Salalah Plaza Hotel in...