Business

Muscat: Shares on the Muscat bourse edged down on listless trading. The MSM 30 Index was relatively stable and closed at 5,385.21 points, down 0.03 per...

Muscat: Meethaq—the pioneer of Islamic banking in Oman from Bank Muscat—has evoked a strong response to its Sukuk programme. The maiden OMR25 million...

Dubai: Saudi Arabia will impose a special tax on tobacco and sugary drinks on June 10, as part of a series of steps towards closing a budget deficit caused...

Dubai: Saudi Arabian lender Alawwal Bank, 40 per cent owned by Royal Bank of Scotland (RBS), has picked JPMorgan to advise it on a proposed merger with...

Larnaca: Iraq may look at hedging part of its crude oil production, the head of the Opec member's oil marketer Somo said, as a way to protect government...

Tokyo: Asian stocks handed back earlier modest gains and drifted lower on Monday, running short of incentives to push past two-year highs with many key...

Beijing: Standard & Poor's (S&P’s) is likely to follow its regular ratings review schedule for China, and does not see any basis at this point for an...

Muscat: A number of general aims and objectives for education in the Sultanate are included in the Education Philosophy approved by His Majesty Sultan...

Muscat: Oman’s Special Economic Zone Authority at Duqm (Sezad) plans to invest $1 billion per year for developing infrastructure at the free zone and...

Muscat: The majority shareholders of Oman Hotels and Tourism Company plan to buyback the company’s shares from minority shareholders who own 50,000 shares...