Business

Tunis: The IMF urged Tunisia on Friday to raise energy prices and the retirement age to help curb the budget deficit and said any further public wage hikes...

London: OPEC and its allies appear to have accomplished their mission of reducing global oil stocks to desired levels, the International Energy Agency said...

Dubai/London: Qatar raised $12 billion in a bond issue on Thursday, the largest placement by an emerging market sovereign this year, marking a successful...

London: Sovereign wealth fund (SWF) assets jumped 13 per cent year-on-year to $7.45 trillion in March 2018 helped by a strong performance in global equity...

Dubai: Iraq has postponed its oil and gas bidding round for 11 new blocks to April 25, a senior Iraqi oil official said. Iraq had originally planned to...

Dubai: Saudi Arabia has largely covered its hard currency funding needs for 2018 by completing this week's $11 billion international bond issue, the...

Muscat: The value of announced merger and acquisition (M&A) transactions with any Middle Eastern & North African (Mena) involvement reached $13.9 billion...

Cairo: Egypt is targeting a primary surplus of 2 per cent of GDP in its 2018-19 fiscal year budget, the finance ministry said on Friday, as it looks to...

Muscat: LG Electronics (LG) opened the doors to its new Software Upgrade Centre in South Korea, the first such facility aimed at providing customers...

Barcelona: The Barcelona-based Fox Economic said in a report it published recently that the Omani economy has witnessed a remarkable economic transformation...