Business

Muscat: Oman Society of Contractors, the representative body of contacting firms, has suggested the concept of a bond-like instrument called IOU (I-Owe-You)...

Muscat: Payment delays of completed projects are still adversely affecting contracting companies, with a severe hit on the cash flow and liquidity of the...

Muscat: Oman’s central bank has asked commercial banks to strengthen its non-volatile sources of funding in line with Basel 3 norms in an attempt to avoid...

Muscat: Special Economic Zone Authority of Duqm (Sezad) and Duqm Smart Business Company signed a usufruct agreement to develop a smart office facility...

Muscat: Oman’s Muscat bourse will start ‘day trading’ with lower brokerage fee or cost of transaction from Sunday. In fact, day trading is buying and...

Muscat: Total direct premiums paid to insurance companies in 2015 amounted to OMR442 million, up by 11.5 per cent compared to 2014, with OMR396.52 million...

Cairo/Washingron: Egypt has won International Monetary Fund (IMF) approval for a three-year, $12 billion bailout programme aimed at reviving a struggling...

Muscat: His Majesty Sultan Qaboos bin Said has sent a cable of congratulations to President Jose Eduardo dos Santos of the Republic of Angola on the...

New Delhi: The European Union on Friday sought a fresh push by India to restart negotiations at the earliest for long-pending free trade agreement (FTA)...

London: Iran, which wants an exemption from Opec’s accord to cut production, told the group it raised output by the most since international sanctions...