Business

Muscat: Following regional cues, the MSM30 Index dropped 0.22 per cent to finish at 5,617.68 points. The MSM Sharia Index closed at 843.70 points, down 0.32...

Cairo: Egypt is targeting $9 billion in foreign financing in the 2017-18 fiscal year, Deputy Finance Minister Ahmed Kouchouk told Reuters on Wednesday. The...

Dallas: FedEx said investments to expand its ground-delivery business are finally poised to pay off, while a major expansion in Europe will produce greater...

Zurich: UBS Group is extending charges on cash holdings to more of its customers, becoming the latest bank to pass on the euro region’s negative interest...

Shanghai: Airbnb is showing China some love. The US home-sharing giant is adopting the name "Aibiying” in China, one that translates as "welcome...

London: Dublin is the best destination in the European Union for London-based bankers forced to move after Brexit, according to an index of 15 cities...

Zurich: French luxury handbag maker Hermes International reported a 10 per cent increase in full-year profit, helped by European tourism shifting towards...

Berlin: Germany should send a new message to the European Union that investment is more important than austerity, Foreign Minister Sigmar Gabriel said in a...

Abuja: Nigeria's central bank kept the main interest rate at 14 per cent as expected on Tuesday and pledged to close the gap between the official and...

London: Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities — Tokyo and Osaka —...