Business

Muscat: A section of Oman’s corporate sector is preparing the groundwork for creating systems and procedures to levy a value added tax (VAT) after the...

Frankfurt: Lufthansa is offering to pay 200 million euros ($239 million) to buy its insolvent smaller rival Air Berlin and is prepared to pay up to 100...

Berlin: Carmaker BMW plans to build its new 8 series model at its plant in the southern German town of Dingolfing from 2018, strengthening the site’s role...

Muscat: Oman’s market regulator Capital Market Authority (CMA) will host the 11th Middle East Healthcare Insurance Conference between September 26-27,...

Muscat: A land lease agreement was signed by an Indian company with Sohar Freezone to build a $300 million cotton yarn plant within the free zone area. The...

London: Germany’s Volkswagen (VW) is moving to secure long-term supplies of cobalt, a vital component of rechargeable batteries, as the group accelerates...

Ottawa: Talks to update the North American Free Trade Agreement (NAFTA) intensified on Saturday although US negotiators looked set to once again withhold...

Rome: Italy on Saturday raised its forecasts for economic growth this year and next and said it would cut the budget deficit by less than previously...

Muscat: Strategies to raise the contribution of renewable energy sector to 10 per cent of the total electricity production of the Sultanate by 2030 were...

Muscat: A smart recovery in crude oil prices has resulted in a surge in the Oman government’s net oil revenues, which soared by 43 per cent to OMR2,564.7...