Economy

Muscat: The ongoing COVID-19 pandemic is likely to affect the final implementation date of VAT, which may have been much earlier in 2021, according to a tax...

Muscat: Oman’s central bank raised OMR47 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 91...

Muscat: A total of 10,564 residential properties across the country were allotted by the end of August 2020, compared to 17,833 plots in the same period of...

Muscat: A cooperation programme has been signed between Ministry of Higher Education, Research and Innovation and Public Establishment for Industrial...

Singapore: Normalisation from Covid-19 economic disruption is expected to take longer in India, Japan, Australia and most of southeast Asia, according to a...

Rome: Italy imported more from China than from any other non-European Union (EU) countries in 2019, showed the annual "Blue Book" released by...

Washington: New orders for US durable goods surged in July as business investment has begun to recover, the US government said on Wednesday. New orders for...

Brussels: Europe formally and dramatically entered into recession on Friday, with the latest data released by the European Union showing that the 19-member...

Brussels: The eurozone's economy took an unprecedented hit due to coronavirus pandemic, with the bloc's GDP contracting by 12.1 per cent in the...

Washington: The US economy saw the sharpest contraction in decades between April and June as the country grappled with the fallout of COVID-19 lockdowns,...