Business

Muscat: State-owned Public Authority for Electricity and Water (PAEW) is continuing with its project to privatise the Muscat Electricity Distribution...

Muscat: Amid subdued trading activity, the MSM30 Index retreated 0.07 per cent to close at 5,892.80 points. The MSM Sharia Index closed at 893.65 points, up...

Munich: The auto industry’s self-driving revolution has spurred the biggest two years of car-supplier takeovers in a decade, with more coming as parts...

Dubai: Abu Dhabi National Energy Company, the government-controlled utility known as Taqa, reported a wider loss in the second-quarter as lower oil and...

Muscat: His Majesty Sultan Qaboos bin Said has sent a cable of congratulations to President Idriss Deby of the Republic of Chad on the occasion of his...

Muscat: Coastguard from the Royal Oman Police rescued an Asian boat which broke down in Omani waters. The Coastguards in Musandam offered assistance to a...

Muscat: Oman’s nominal GDP decreased by 14.1 per cent mainly due to the sizeable drop of 38.2 percent in the petroleum sector, despite the moderate growth...

Hong Kong: Oil declined for a second day as weekly United States industry data showed crude stockpiles expanded and Saudi Arabia was said to have raised...

Cairo: Egypt’s parliament approved jail terms of up to 10 years for breaking foreign-exchange regulations, as it fights a black market that authorities...

Oslo: Yara International agreed to buy Tata Chemicals’ Babrala urea plant and distribution business in Uttar Pradesh, India, for $400 million, expanding...