Business

Muscat: Oman government is working on a plan to build a large modern automated container terminal at Sohar Port, which will have a capacity to handle five...

Muscat: Oman’s banking sector, including Islamic banks, has achieved a robust 11.41 per cent (or OMR2,221.1 million) year-on-year growth in credit...

Muscat: Share values on the Muscat Securities Market (MSM) plunged on weak third quarter results and risk aversion by investor community. The MSM 30 index,...

Dubai: Emirates NBD reported third-quarter profit that missed analysts’ estimates as the United Arab Emirates’ biggest bank was hurt by bad loan...

Muscat: His Majesty Sultan Qaboos bin Said received a written message from President Pierre Nkurunziza of the Republic of Burundi. The message was received...

Muscat: His Majesty Sultan Qaboos bin Said has sent a cable of congratulations to President Ilham Heydar Aliyev of the Republic of Azerbaijan on the...

Muscat: Occidental of Oman (Oxy Oman) signed two additional support agreements with two Omani Small and Medium Enterprises (SMEs). A total of 44 applicants...

Tehran: Iran, Opec’s third-biggest member, plans to boost its oil output to a level of 4 million barrels a day this year, potentially complicating the...

Riyadh: Saudi Arabia has work to do to ease pressure in the kingdom’s banking system. The interest rate banks charge one another for loans rose by the...

Muscat: Gulf Cooperation Council (GCC) sovereigns’ financing needs in 2015-2019 could total $560 billion, says S&P Global Ratings, as the consequences of...