Business

Muscat: The Capital Market Authority (CMA) has initiated disciplinary action against the Al Madina Takaful Insurance Company for violating some provisions...

Muscat: Oman plans to start work on a state-of-the-art refinery with a capacity to refine 230,000 barrels per day of crude oil towards the end of the year,...

Muscat: A tender of government treasury bills was held at the Central Bank of Oman (CBO) this week. The results of issue are as follows: The total value of...

Muscat: Positive sentiment in banking stocks continued to drive the MSM30 Index, which closed at 5,623.41 points, up by 0.48 per cent. The MSM Sharia Index...

Muscat: His Majesty Sultan Qaboos bin Said has sent a cable of condolences to His Highness Sheikh Sabah Al Ahmed Al Jabir Al Sabah, Emir of Kuwait on the...

London: Nine years after the beginning of a 45-billion-pound ($56 billion) bailout by the British government, Royal Bank of Scotland (RBS) is emerging from...

London: British luxury brand Burberry has agreed to licence its fragrances and cosmetics business to Coty for $162 million, plus a $63 million payment for...

Washington: An index of manufacturing activity retreated from a 2-1/2-year high in March amid modest declines in new orders and production, but a surge in...

Berlin: Germany wants to use its presidency of the Group of 20 major economies to promote fast Internet for all, agree common technical standards and...

Beijing: China's ambitious strategy to export its high-speed railway technology, including to India, was facing various obstacles as its aim of boosting...