Business

Muscat: His Majesty Sultan Qaboos bin Said has received a cable of thanks from Emperor Akihito of Japan in reply to His Majesty's congratulatory cable...

Paris: Airbus Group’s earnings fell 3.6 per cent last year as a late surge in aircraft deliveries failed to offset costs from ramping up output of the...

Dubai: Saudi Arabian Oil Co., gearing up for what may be the world’s biggest initial public offering, is considering offering discounted shares to the...

Rio de Janeiro: Vale is downsizing its divestment plans this year as commodity prices recover, focusing on unloading less-important operations while...

Shanghai: China home prices increased last month in the fewest cities in a year, signalling property curbs to deflate a potential housing bubble are taking...

Istanbul: Banks rejected a Saudi Telecom plan to resolve a dispute over a missed payment on a $4.75 billion loan at a Turkish unit, prolonging a five-month...

Sao Paulo: A battle is brewing in Brazil for the second time in less than a year over the government’s decision to import robusta coffee beans. Brazil is...

New York: Opec and Russia will need to prolong their six-month deal to cut oil output if they plan to trim the global inventory glut that has kept a lid on...

Dubai: Consumer price deflation hit Saudi Arabia in January for the first time in over a decade, official data showed on Tuesday, but plans for increased...

Dubai: Saudi Arabia has sent a request for proposals (RFP) to banks for a planned US dollar sukuk, or Islamic bond, two sources familiar with the matter...