Business


Consumer spending in US drops in July

by Agencies
A sustained labour market upswing is needed to lift earnings and help boost outlays at retailers such as Ross Stores. Photo - Bloomberg file
Household purchases fell 0.1 per cent after increasing 0.4 per cent in June, Commerce Department figures showed on Friday in Washington

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India’s GDP rises by 5.7 per cent, beats estimates
Modi is banking on growth to cut budget deficit to a seven-year low, after keeping subsidies largely unchanged and faces the task of rejuvenating Asia’s third-largest economy

Opec crude output increases in August
Opec production rose by 891,000 barrels a day to 31.033 million, according to the survey of oil companies, producers and analysts

Malaysia Airlines to slash 6,000 jobs in survival bid
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Pakistan stocks soar
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State-owned company agreed with its creditor committee to repay in 2022, four years later than previously agreed on
Book highlights Oman’s oil and gas extraction techniques
The fourth edition of ‘The Oil & Gas Year’ presents the Sultanate’s in-depth look at the country’s success in enhanced oil recovery and the development of the Khazzan field
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One of Oman’s leading engineering, procurement and construction contractor won a contract from Daelim-Petrofac Srip (Joint Venture) to develop a project in Sohar
Oman floats tender to select consultant for road project
Oman’s Ministry of Transport and Communications floated a tender to select consultant for supervising the Ibri-Yanqul dualisation project
Malaysia Airlines staff brace for job cuts
In the government restructuring, up to a quarter of the employees may be axed
Indian stocks’ dream run continues
Sensex on Wednesday jumped over 117 points to settle at new closing peak of 26,560,while Indian currency dropped marginally
Oman stocks inch higher
Bank Muscat was the most active in terms of volume as well as turnover. Majan Glass was the top gainer, while Galfar Engineering lost the most

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