Category Archives: Top Markets

Oman’s economy is ‘over the worst’ says leading economist

Related Articles DUBAI: Oman’s economy is set to receive a ‘much-needed’ boost from additional revenue due to the rise in prices of oil barrels, according to the country’s investment fund chief economist, Fabio Scacciavillani.“The most difficult phase for the economy ...

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China to step up cryptocurrency crackdown

Related Articles BEIJING: China is preparing for a new crackdown on cryptocurrency, planning to stamp out remaining trading in the country, according to state media.China will gradually clean up over-the-counter trading platforms, peer-to-peer networks where large exchanges occur and firms ...

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Oman ramps up gas production

Related Articles LONDON: Oman will be among the countries in the Gulf region expressing the most relief about recovering oil and gas prices. The Sultanate is more vulnerable to price shocks than others in the GCC as it holds less ...

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Autonomous cars loom, but the Detroit auto show goes on

Related Articles DETROIT: The North American International Auto Show in Detroit opened to the press this week with one big question hanging in the air: How will autonomous vehicles change the industry?The answer is still unclear. In the meantime, automakers ...

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High public sector pay no cure for Mideast unemployment: IMF

Related Articles LONDON: High wages in state-supported sectors in the Middle East, offering jobs aplenty to work-hungry citizens fail to tackle growing unemployment as population levels rise, and do not provide better public services, according to an IMF paper. Public ...

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Saudi Arabia’s ACWA powers on with IPO plan

Saudi Arabia’s ACWA powers on with IPO plan

Related Articles ABU DHABI: Saudi Arabia-based ACWA Power, the power and desalination plant producer, could go public within the next two years, according to its CEO and President Paddy Padmanathan.ACWA, which has garnered a reputation for building renewable energy projects ...

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Qantas changes website to recognize Chinese territories

Related Articles SYDNEY: Australia’s Qantas has changed its website classification of Taiwan and Hong Kong from separate countries to Chinese territories after Chinese regulators scolded several foreign firms over similar listings.The airline said Tuesday it was amending an “oversight,” following ...

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