Economy

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...

Muscat: Oman needs external financing to meet its deficit and to check sustained erosion in foreign assets, according to a leading financial institution....

Beijing: China's factory activity expanded faster than expected in February as domestic and export demand picked up, adding to signs that the global...

Muscat: An upward revision in corporate income tax and scrapping of tax concession for certain categories of corporate entities will help open up huge...

Tokyo: Japan’s industrial production fell for the first time in six months in January, raising questions about the sustainability of Japan’s...

Muscat: Oman is participating at one of the world’s largest annual food and hospitality events, Gulfood 2017, in Dubai, which started on Sunday. The...

Dubai: Oman aims to conduct a large US dollar bond sale this week that could exceed $2 billion, and also plans to issue dollar sukuk over the next few...

Dubai: Anwar Abdullah goes to work every day but he hasn’t been paid in five months. When prices for wheat, sugar and other staple foods spiked earlier...