Tag: economy

Saudi Arabia is working on a new law permitting foreigners to buy property according to a report by Saudi Gazette. Abdullah Alhammad, CEO of...

The Sultanate of Oman’s production of crude oil and condensates during February 2023 stood at 29.7 million barrels, or a daily average of 1.06...

Luxembourg: A session of talks was held here today between the Sultanate of Oman and the Grand Duchy of Luxembourg. The talks touched on means...

Muscat: His Majesty Sultan Haitham bin Tarik presided over a meeting of the Council of Ministers at Al Barakah Palace today. During the meeting, His...

Muscat: The revenues of 3-5 star hotels in Oman increased by 91.7% by the end of November 2022 to stand at RO 161,262,000, according...

Muscat: His Majesty Sultan Haitham bin Tarik and King Abdullah II Ibn Al Hussein of the Hashemite Kingdom of Jordan, have reiterated their keenness...

Muscat: Al Maha Ceramics SAOG (“Al Maha”) has announced the acquisition of a 45% stake in Al Hael Ceramics Company LLC (Al Hael”). Al...

Saudi Arabia's consumer price index rose 2.7% in July from a year earlier, government data showed on Monday, increasing from a 2.3% pace in...

Khalid Ramis Al Rawas is the new CEO of Raysut Cement Company. Following the resignation of Joey Ghose, Khalid Ramis Al Rawas has been...

Is inflation always harmful to an economy – and to what extent does raising interest rates curb inflation? Sibasish Mohapatra deep dives into the...