Business

Kuwait City: Kuwait is sticking with plans to add half a million barrels a day of oil-production capacity as it prepares for the eventual expiration of the...

Muscat: A new customs duty of 0.5 per cent on bank notes imported by exchange houses and banks was withdrawn by the government within four days of...

Muscat: Oman reported a year-on-year producer price deflation of 4.9 per cent in the fourth quarter of 2016, even as logging a quarterly inflation of 5.5...

Muscat: Total number of commercial and industrial applications received in the Governorate of South Al Batinah amounted to 20,207 between January 1 and...

Muscat: Low level of oil prices during the past couple of years brought to the fore several challenges to the Omani economy, impacting overall economic...

Bad Neuenahr: Yousuf bin Alawi bin Abdullah, Minister Responsible for Foreign Affairs took part in the meeting of the Quadrilateral Committee on Yemen,...

Muscat: Bank Nizwa, Oman’s first Islamic Bank, has announced the appointment of Khalid Al Kayed as its new chief executive officer. Al Kayed, in his new...

New York: Fannie Mae said it earned $5 billion in the fourth quarter, doubling its profits from a year earlier with a big boost from gains on derivatives...

Montreal: Air Canada dropped the most in seven months after the country’s largest airline said rising fuel costs would cause a key profit measure to fall...

New York: Bank of America Corp. awarded Chief Executive Officer Brian T. Moynihan $20 million for his work last year, raising his compensation 25 per...