Business

London: Glencore and Qatar’s sovereign wealth fund (SWF) are using 2.8 billion euros ($3 billion) in equity and $7.8 billion in financing from a bank...

London: Saudi Arabia signalled it’s ready to cut oil production more than expected, a surprise announcement made minutes after Russia and several...

Muscat: Oman Chamber of Commerce member, Ahmed Al Hooti, said that the rising oil prices should not make us complacent. “Even if the oil prices rise, it...

Muscat: The Sultanate will celebrate today the anniversary of the Armed Forces Day, which falls on December 11, every year. The Sultan’s Armed Forces...

Muscat: His Majesty Sultan Qaboos bin Said has sent a cable of greetings to President Roch Marc Kabore of the Republic of Burkina Faso on his country’s...

Muscat: A ministerial decision on the standard specifications for Omani traditional dress has been issued. Dr. Ali bin Masaud Al Sunaidi, Minister of...

Muscat: Oman must not become complacent in times of recovering oil prices and instead actively pursue its diversification process, says an advisor at the...

Muscat: Oman’s stock market watchdog Capital Market Authority (CMA) has released a draft securities law, which is aimed at protecting the larger interest...

London/Vienna: Russia and several other non-Opec nations pledged to curb oil production next year by more than 600,000 barrels a day at a meeting in Vienna...

Muscat: An extraordinary general meeting of the Port Services Corporation (PSC) has unanimously decided to liquidate the company with effect from January 1,...