Business

Muscat: Oman Power and Water Procurement Company (OPWP) plans to build a 22 million imperial gallons per day (100,000 cubic meters per day)-capacity...

Muscat: Galfar Engineering and Contracting Company, the Sultanate’s largest contracting firm, said the group’s net profit for the first half of 2017...

Khobar, (Saudi Arabia): State oil firm Saudi Aramco said the first phase of a new Energy Industrial City in Saudi Arabia will be completed in 2021. Last...

Muscat: Oman’s economy is expected to witness a slowdown in 2017, but the country is well placed to deal with the challenges posed by the economic...

Muscat: Oman Telecommunications Company (Omantel), the Sultanate’s biggest telecom service provider, said its group net profit stood at OMR40.8 million...

Muscat: Bank Nizwa, the Sultanate’s first and leading Islamic bank, reported a net profit of OMR1.3 million for the first half of 2017, against a loss of...

Frankfurt: The European Central Bank (ECB) is keen to keep its asset purchases open-ended rather than setting a potentially distant date on which...

London: Barclays is talking with Irish regulators about extending its activities in Dublin in preparation for when Britain leaves the European Union, the...

New York: Citigroup reported a quarterly profit that beat analysts' estimates as trading revenue held up better than the company's forecast and...

New York: Analysts pressed Wells Fargo executives about the bank's expenses on Friday after it failed to meet revenue expectations and indicated that...