Business

Sydney: Australia lived up to its "lucky country" nickname on Wednesday, posting the strongest annual economic expansion in nearly two years last...

Houston/Caracas: Opec member Venezuela has raised the prospect of declaring force majeure on contracts with major crude buyers amid plummeting output from...

Beijing: ZTE Corp has signed an agreement in principle that would lift a US Commerce Department ban on buying from US suppliers, allowing China's No. 2...

Sydney/Bangkok/Montreal: A growing shortage of airline pilots is putting the industry's recent growth at risk as planes sit idle, higher salaries cut...

Washington: Facebook Inc said on Tuesday it has data sharing partnerships with at least four Chinese companies including Huawei, the world's third...

Dubai/Riyadh: Saudi Basic Industries Corp (Sabic) is in talks with banks for a potential U.S. dollar-denominated bond, banking sources familiar with the...

Dubai: Abu Dhabi's crown prince said on Tuesday he had approved Dh50 billion ($13.61 billion) worth of measures to stimulate growth in the emirate and...

Dubai: The Jeddah-based Islamic Development Bank (IsDB) will move hundreds of its staff outside Saudi Arabia and play a lead role in designing investment...

Muscat: Oman’s central bank raised OMR40 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 91 days,...

Muscat: The government is establishing a dairy company by the end of this year that will help reduce the reliance on imported dairy products. “The farm...