Business

Muscat: His Majesty Sultan Qaboos bin Said has sent a cable of congratulations to President Gurbanguly Berdimuhamedow of Turkmenistan on being re-elected as...

Dubai: Saudi Arabia told Opec that it cut oil production by the most in more than eight years, going beyond its obligations under a deal to balance world...

Muscat: United Nations Secretary General António Guterres and his accompanying delegation arrived on a one-day visit to the Sultanate. The United Nations...

Tokyo: Toshiba says it expects to book a 712.5 billion yen ($6.3 billion) writedown in its nuclear power business, citing cost overruns at a US unit and...

Frankfurt: German growth accelerated less than anticipated in the fourth quarter as strong fundamentals in Europe’s largest economy were countered by...

Dubai: Tesla is expanding to the United Arab Emirates (UAE), making a move to sell its pricey electric cars in one of the world’s largest oil-producing...

Brussels/Berlin: Germany on Monday backed Greece to stay in the euro zone and Brussels dispatched a senior official to Athens to persuade reluctant Greeks...

Beijing: China's producer price inflation picked up more than expected in January to near six-year highs as prices of steel and other raw materials...

Singapore: Singapore forecasts slower growth in tourist arrivals this year, citing global economic and political uncertainties and stiffer competition from...

Geneva: Credit Suisse Group posted a fourth-quarter loss of 2.35 billion francs ($2.34 billion) after taking a charge to settle a US investigation into the...