Economy

Houston/Punto Fijo: Venezuela's state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil...

Muscat: Omantel, the first and leading provider of integrated telecommunications services in the Sultanate, has recently signed a memorandum of...

Dubai/Hong Kong: Saudi Aramco and Malaysia's Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint...

Muscat: Sony reported a record first-quarter operating income ending June 30, 2018, with a 24 per cent year-on-year increase to US$1.78 billion (¥195...

Muscat: Petroleum Development Oman (PDO) on Tuesday held its inaugural In–Country Value (ICV) awards event to celebrate businesses and organisations which...

Muscat: The Organising Committee of the Omani Products Exhibition (Opex) met recently to discuss the latest preparation updates for the upcoming OPEX 2018,...

Istanbul: Turkey's lira slipped in and out of negative territory on Tuesday, staying close to the previous day's record low as concerns deepened...

Beirut: Lebanon's pound is stable and the central bank has the means to defend its stability, central bank governor Riad Salameh said on Monday, urging...

Houston (Texas): Mattress Firm Inc, the largest US mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly...

Mexico City: Mexico's economy minister Ildefonso Guajardo said on Monday the country has put forward a proposal to update the North American Free Trade...