Business

Muscat: Oman Telecommunications Company (Omantel), the Sultanate’s premier telecoms provider, on Saturday announced the formation of a dedicated division...

Muscat: Oman’s government plans to build two major independent water desalination plants—one each in Muscat and the North Batinah region—to meet...

Muscat: The value of foreign direct investment (FDI) at the end of the second quarter 2015 stood at about OMR6.7 billion, the Ministry of Commerce and...

Cairo: A few years ago, Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean...

New York: The rotation to cyclical sectors of the S&P 500 and away from defensive stocks could continue next week if Federal Reserve chair Janet Yellen...

San Francisco: As Lyft was gauging interest from prospective acquirers, executives from Uber Technologies told investors in the past few weeks that the...

New York: Target is ending all business with Welspun India, one of the world’s biggest textile manufacturers, after saying the supplier was sending it...

Ankara: Turkey kept its investment grade credit ranking at Fitch Ratings, while the outlook was cut to negative from stable, as a failed coup attempt last...

Muscat: His Majesty Sultan Qaboos bin Said has sent a cable of greetings to Dr. Janos Ader, President of Hungary on his country’s National Day. In his...

London: Even if Opec strikes a deal with Russia next month in Algiers to freeze oil production, success will mean a lot less than when they tried and failed...