Economy

Seoul: South Korean financial authorities on Monday said they are inspecting six local banks that offer virtual currency accounts to institutions, amid...

Muscat: The recent growth in oil prices is expected to reduce deficit substantially this year, according to economists and market analysts. Oman government...

Beijing: China’s foreign exchange reserves rose to their highest in more than a year in December, blowing past economists’ estimates, as tight...

Philadelphia: The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can...

Riyadh: A package of handouts to Saudi Arabian citizens to compensate them for cost of living increases will cost the government about SR50 billion ($13.3...

New York: US fund managers are ramping up efforts to tap into the fever surrounding digital assets, and the latest planned bitcoin products could deliver...

Cairo/Dubai: Encouraged by Egypt's economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly...

Muscat: Oman’s market regulator Capital Market Authority (CMA) has stipulated a minimum capital of OMR20 million for establishing a real estate investment...

Muscat: The number of patent applications submitted by individuals and companies in the Sultanate in 2017 stood at 391 compared to 369 in 2016. The patent...

London: British new car sales recorded their biggest drop since 2009 last year, falling 5.7 per cent due to uncertainty over potential new diesel charges...