Economy

Riyadh: Saudi Arabia is considering using IOUs (I-owe-you) to pay outstanding bills with contractors and conserve cash, according to people briefed on the...

Dubai: Iraq’s possible loan accord with the International Monetary Fund (IMF) may unlock at least $15 billion in aid this year and next, central bank...

Volkswagen AG’s namesake car brand slumped to a loss in the fourth quarter as the emissions-cheating scandal tarnished its reputation and added costs to...

Muscat: The non-oil sector’s contribution to the economy grew by 4.7 per cent to reach OMR14.1 billion at the end of the three-month period ended...

Cairo: Egypt's war on black market currency traders is not going to plan. One month after a devaluation that was supposed to ease an acute dollar...

Athens: Greece and its international lenders have made progress in negotiations on economic reforms, a Greek government official said on Thursday, but a...

Muscat: Oman's Producer Price Index (PPI)-based inflation eased by 23.3 per cent in the fourth quarter of 2015 compared to the same quarter of 2014,...

Muscat: A tender of Government Treasury Bills, issue number 443 was held at the Central Bank of Oman (CBO) this week. The total value of the allotted...

Beijing: China's leaders sound more confident that the world's second-largest economy has arrested a slide in growth to quarter-century lows, but...

Washington: World financial leaders sounded a sour note on the global economy on Thursday, pointing to Britain's possible exit from the European Union...