Business

Almaty: Kashagan, a vast oil field in the Caspian Sea, sent its first crude for export after about 16 years in development and more than $50 billion of...

Singapore: Singapore’s central bank signaled it will stick to its neutral currency policy for an extended period of time after the economy contracted the...

Helsinki: Ericsson had its credit rating cut by Moody’s Investors Service after the Swedish phone-network maker revealed this week that waning demand...

Berlin: Volkswagen posted its biggest monthly sales gain this year as a surge in China offset a drop in Brazil and eroding market share in Europe in a sign...

San Francisco: Hewlett-Packard (HP) plans to cut 3,000 to 4,000 jobs over the next three years to help bring costs in line with slumping demand in the...

Multi-agency meetings at top levels are ongoing to end the No Objection Certificate (NOC) for expat workers in the Sultanate. This continued to dominate...

Muscat: The Prince of Wales and The Duchess of Cornwall are to visit Oman as part of the three-nation tour of the Middle East on November 5. Prince Charles...

Muscat: Majority state-owned Oman Telecommunications Company (Omantel) on Thursday said that the group’s profit for the first nine months of 2016 grew by...

Dubai: Opec’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board...

Cairo: Egypt has received a $2 billion deposit from Saudi Arabia, an Egyptian central bank official said, bringing it closer to securing a $12 billion loan...