Economy

Muscat: As part of expanding its electricity network and raising its efficiency, Majan Electricity Company, a part of Nama Group, has launched a project for...

Paris: The European Union will respond to any US move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest...

Washington: President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 per cent tariff on all US imports of European...

Muscat: Subscription for 57th issue of government development bonds (GDBs) will close on Monday. The Central Bank of Oman (CBO) had issued a statement on...

Muscat: The Public Authority for Investment Promotion and Export Development (Ithraa) will organise its second economic evening for 2018 on Tuesday at the...

New Delhi: India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran, fearing foreign channels to pay Tehran might choke...

Muscat: Foreign Direct Investment (FDI) in the Sultanate rose by 15 per cent, to OMR9.34 billion in 2017, from OMR8.09 billion in the fourth quarter in...

Beirut: Lebanon requires "an immediate and substantial" fiscal adjustment to improve the sustainability of public debt that stood at more than 150...

Hong Kong: Chinese smartphone maker Xiaomi Corp said on Saturday there is no time frame for a mainland share offering, casting doubt on Beijing's...

Washington: ZTE Corp and the US government are still working on an escrow agreement that must be completed and funded with $400 million before a ban on the...