Latest Business News in Oman | Financial & Industry News in Oman

Sharara is Libya’s largest field, accounting for about a quarter of the country’s production. - Reuters file picture for illustrative purpose only

Libya’s Sharara oil field gradually shutting down

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Libya's Sharara oilfield, which has been producing 270,000 barrels a d

Suspect eggs have been destroyed at farms in the Netherlands

Belgium says it knew about contaminated eggs in June

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Belgium has admitted it knew in June that eggs from Dutch farms might be contaminated wit

US economy creates 209,000 jobs in July

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The US economy saw strong jobs growth in July, helped by a wave of hiring in the hospitality indu

Eurozone economic growth gathering pace

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The eurozone notched up growth of 0.6% in the second quarter of the year, official Eurostat figur

British Gas will increase electricity prices by 12.5% from 15 September, its owner Centrica has said, in a move that will affect 3.1 million customers.

British Gas to raise electricity prices

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British Gas will increase electricity prices by 12.5% from 15 September, its owner Centri

Eurozone unemployment rate falls to 9.1%

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The unemployment rate in the eurozone has fallen to its lowest since February 2009, according to

Chinese men walk by a global chain store selling household items in Beijing, Monday, July 31, 2017. (AP Photo/Andy Wong)

China factory growth eases in July as export demand slips

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Chinese factory activity eased in July as export demand weakened while momentum in service indust

Air France-KLM is buying 31% of Virgin Atlantic

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Air France-KLM is taking a 31% stake, worth £220m, in Virgin Atlantic as part of a four-way

Airbus cuts superjumbo A380 production again

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Deliveries of the double-decker will now fall from 15 this year to 12 in 2018 and eight in 2019,

Jeff Bezos: Amazon founder is world's new richest man

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A 2.5% rise in Amazon shares on Thursday means Mr Bezos's wealth has now eclipsed the Microso

Facebook flush with advertising money

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Facebook revenues and profits soared in the most recent quarter, as advertising dollars poured in

US Navy vessel opens fire on Iranian ship in Persian Gulf as war tensions mount

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A US Navy patrol boat has fired shots near an Iranian ship during a tense encounter in the Persia

Brexit: IMF downgrades UK's economic growth forecast following weaker-than-expected performance

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The International Monetary Fund (IMF) has slashed its growth forecast