Category: Business

Oil prices fell in early Asian trading on Monday as market sentiment was weighed by fears about weak demand in China, world’s top oil importer.

Brent crude futures dropped 13 cents, or 0.2 percent, to USD79.55 a barrel. West Texas Intermediate crude …

BEIJING: China’s central bank conducted 52.1 billion yuan (US$7.3 billion) of seven-day reverse repos at an interest rate of 1.7 percent Monday.

Xinhua News Agency quoted a statement from the People’s Bank of China as saying that the move aims to kee…

The US dollar declined broadly on Monday and slipped sharply against the yen in particular as investors bet on a dovish tone emerging in the Federal Reserve’s July policy meeting minutes.

The minutes, due on Wednesday, and Powell’s speech on Friday a…

The inflation rate in Oman upped 1.5 percent in July 2024, compared to the same month in 2023 (base year 2018).

The Consumer Price Index (CPI) released Monday showed that the prices of food and beverages increased by 4.5 percent, various goods and se…

More than half of the US’s biggest companies see artificial intelligence (AI) as a potential risk to their businesses, Financial Times cited a new survey of corporate filings that highlights how the emerging technology could bring about sweeping indus…

The first Global Logistics Forum 2024 is set to be held in Saudi Arabia during the period Oct.12 to 14.

Hosted by Riyadh, the forum aims to enhance global cooperation and back joint efforts to advance the logistical services, in addition to bolsterin…

KUWAIT, The Central Bank of Kuwait (CBK) announced on Monday the issuance of bonds and related tawarruq at a value of KD 240 million (about USD 792 million).

In a statement to KUNA, the CBK said that the securities bear a 4.375 percent rate with a t…

Japanese stocks fell at the end of the first trading session of the week, with mining, export and retail companies underperforming as the yen appreciated against the dollar, and after official data indicated weak capital spending for domestic companie…