Business

Muscat: Interest on loans or debt servicing costs for the Omani government is expected to shoot up by 194 per cent this year, mainly due to higher...

Muscat: A substantial fall in investment income of Oman government is expected this year, mainly due to a drop in yield and drawing on reserves in recent...

Muscat: National Bank of Oman has reported that its net profit declined by 7.2 per cent to OMR55.8 million in 2016, from OMR60.10 million in 2015. However,...

Muscat: Oman’s consumer inflation in December 2016 increased by 1.13 per cent compared with prices in the same month of 2015, according to the latest...

Muscat: HSBC Bank Oman reported that its net profit for 2016 soared by 31 per cent to OMR16.9 million, from OMR12.9 million in 2015. According to the...

Muscat: The total production of crude oil and condensates in December 2016 fell by 1.76 per cent to 30.85 million barrels, indicating an average daily...

London: Faster UK inflation is putting the Bank of England (BOE) on track for a rate hike. Eventually. That’s according to the latest Bloomberg News...

New York: Moody’s Investors Service agreed to pay almost $864 million to resolve a multi-year US investigation into credit ratings on subprime mortgage...

Beijing: BRICS countries are establishing themselves as an economic force, eminent Indian banker and New Development Bank (NDB) chief K V Kamath has said,...

New York: US bank stocks will stay in favour with investors as long as earnings reports in the coming week show an improving profit outlook while investors...