Economy

Johannesburg: South African President Jacob Zuma pledged on Thursday to redistribute wealth in the economy to poor black people as part of a policy he calls...

Muscat: Majority of chief executive officers (CEOs) based in Oman are broadly confident about their prospects for growth in the coming 12 months, despite...

Tokyo: U.S. Commerce Secretary Wilbur Ross is expected to join Vice President Mike Pence for a bilateral economic dialogue in Tokyo next month, a Japanese...

Doha: Gulf countries are pressing for an early deal on free trade with Britain to secure preferential arrangements after Brexit, and could have a draft...

Sydney: Australia and China are expected to sign new bilateral agreements on Beef exports, energy and security during a four-day visit by Chinese Premier Li...

Dubai: Saudi Arabia has stopped beef and poultry imports from four Brazilian companies over concerns about food safety after accusations that individuals...

Athens: Greece is set to miss yet another deadline for unlocking bailout funds this week, edging closer to a repeat of the 2015 drama that pushed Europe’s...

Muscat: As many as half of the businesses said they have not started any preparation for the proposed introduction of value added tax (VAT) in the Gulf...

Singapore: Global natural disasters cost $520 billion of consumption loss annually, 60 percent larger than asset losses that are commonly reported, the...

Kuala Lumpur: Saudi Arabian Oil Co. bought half of a Malaysian oil refinery and petrochemical plant as it prepares for what may be the biggest ever initial...