Business

Muscat: Oman was able to reduce its expenditure in oil and gas sector to the tune of $1.5 billion in 2016, compared to its original budgeted expenditure....

Muscat: Removing the fuel subsidy early last year has resulted in a marked decline in demand for both petrol (gasoline) and diesel as the culture of...

Muscat: Oman plans to produce an average of one million barrels of crude oil per day this year, despite a production cut of 45,000 barrels a day agreed with...

Muscat: Better trading activity lifted the MSM30 Index to 5,770.06 points, a gain of 0.33 per cent. The MSM Sharia Index ended at 857.99 points, up by 0.07...

Muscat: A memorandum of understanding (MoU) for exchanging information and mutual cooperation was signed by the monetary authority of Brunei and the Capital...

Seoul: Samsung Electronics indicated on Monday that its latest flagship Galaxy S smartphone could be delayed as it pledged to enhance product safety...

Tokyo: Japan is threatening to take India to the World Trade Organisation (WTO) over restrictions that nearly halved its steel exports to the South Asian...

Istanbul: Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. A few days ago...

Hong Kong: Foxconn Technology Group is considering building a US display-making facility for upwards of $7 billion, a major investment for Apple’s main...

London: Opec and other oil-producing countries are scaling back their crude output as promised under last month’s historic agreement, putting global...