Business

Riyadh: A devaluation of Saudi Arabia's currency could cause such political instability that Riyadh has little choice but to stick to its promise to use...

Cairo: Egypt’s currency dealers have requested the central bank ease restrictions they say will lessen a dollar shortage gripping the country that’s...

Osaka/Taipei: Taiwan's Foxconn is aiming to finalise a deal to acquire Japan's Sharp by the end of the month, after the two firms reached a...

New Delhi: India's domestic air passenger traffic grew by a whopping 20.2 per cent in 2015 over the previous year, helped by higher economic growth and...

Tokyo: Toshiba dropped to a 36-year low in Tokyo after widening its annual loss forecast to a record 710 billion yen ($6 billion) as the Japanese industrial...

London: The Bank of England (BoE) cut its growth forecasts on Thursday and the only policymaker who had been pushing for a rate hike reversed his position,...

Shanghai: Yum Brands, the home of KFC and Pizza Hut, is falling behind rival McDonald's as the pair battle to revive flagging sales in China — a...

London: ArcelorMittal plans to raise $3 billion from investors and sell a $1 billion stake in Spanish auto-parts maker Gestamp as the world’s largest...

Tokyo: Toyota Motor raised its profit forecast after surging sales of RAV4 sport utility vehicles and Lexus luxury models, putting it on track to become the...

With Royal Oman Police clarifying the rules on No Objection Certificate (NOC), it continued to dominate the news agenda this week in Oman. 1) Weeks of...