Business

Muscat: HSBC Bank Oman reported that its net profit for 2016 soared by 31 per cent to OMR16.9 million, from OMR12.9 million in 2015. According to the...

Muscat: The total production of crude oil and condensates in December 2016 fell by 1.76 per cent to 30.85 million barrels, indicating an average daily...

London: Faster UK inflation is putting the Bank of England (BOE) on track for a rate hike. Eventually. That’s according to the latest Bloomberg News...

New York: Moody’s Investors Service agreed to pay almost $864 million to resolve a multi-year US investigation into credit ratings on subprime mortgage...

Beijing: BRICS countries are establishing themselves as an economic force, eminent Indian banker and New Development Bank (NDB) chief K V Kamath has said,...

New York: US bank stocks will stay in favour with investors as long as earnings reports in the coming week show an improving profit outlook while investors...

Los Angeles: Sony Entertainment Chief Executive Michael Lynton will step down to become chairman of messaging app owner Snap Inc, a move that puts an...

Lahore: Nawaz Sharif, Prime Minister of the Islamic Republic of Pakistan, received on Thursday Dr Yahya bin Mahfoudh al Mantheri, Chairman of the State...

Muscat: President Mamnoon Hussain of Pakistan received at the Presidential Palace in Islamabad Dr Yahya bin Mahfoudh al Mantheri, Chairman of the State...

Moscow: Russia needs to improve its investment climate, diversify its oil-dependent economy and boost productivity growth if it wants to catch up with the...