Economy

New Delhi: Brent crude oil prices surged above $120 per barrel on Thursday after US President Donald Trump said the naval blockade of the Strait of Hormuz...

New Delhi: The US Federal Reserve kept interest rates unchanged in the range of 3.5 per cent to 3.75 per cent at its latest policy meeting, even as four...

Mumbai: The domestic stock markets opened under heavy selling pressure on Thursday as Brent crude oil futures surged above $120 per barrel, denting investor...

Singapore: The dominance of OPEC in the global oil market is gradually weakening, and the current supply disruption linked to the Strait of Hormuz could...

Muscat: The Sultanate of Oman on Wednesday took part in the 75th meeting of the Committee of Undersecretaries of Ministries of Finance in GCC states.In the...

Ibra: Nama Water Services is continuing the implementation of a package of projects aimed at consolidating the water supply system and expanding service...

Muscat: Acting in coordination with the Tax Authority, the Ministry of Finance on Wednesday launched a Tax Grievance System, which aims to facilitate the...

Mumbai: The impact of the United Arab Emirates (UAE) exiting Opec on global oil prices will depend on when supply through the Strait of Hormuz normalises,...

New Delhi: Surging gold prices and heightened geopolitical uncertainty are driving a shift in global gold demand from jewellery to investment, even as...

Fujairah: Four decades ago, the Strait of Hormuz revealed its deadly vulnerability to the global oil market. During the 1980 to 1988 Iran-Iraq war, both...