Economy

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...

Berlin: The German economy is set for modest growth in the second quarter after industrial output edged up and job vacancies hit a record high, underlining...

Moscow: Russia's largest oil producer Rosneft said on Tuesday its second-quarter net profit more than tripled to 228 billion roubles ($3.6 billion) on...

Ismailia (Egypt): Egypt's Suez Canal revenues rose to $493.3 million in July, a Reuters calculation showed on Monday. Suez Canal Authority Chief Mohab...