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Central Bank of Oman Assets Reach 7.8 Billion Rials at End of June
The Central Bank of Oman’s assets rose to 7.8 billion Omani rials at the end of June, compared with around 7.3 billion in June 2014, an increase of 7.4…
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Greece Moves toward Approving Its Agreement with Creditors
Athens moved yesterday toward approving a new loan agreement with creditor countries, submitting its text to the Greek parliament while setting aside…
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US Trade Deficit Widens as Food and Car Imports Grow
The US trade deficit widened more than expected in June as stronger domestic demand in the second quarter and a higher dollar boosted food and car imports.…
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Athens and Brussels Optimistic about Bailout Talks
Greece and its four lenders held bailout talks, with both sides expressing optimism about progress. Negotiations on an €86 billion ($94.5 billion) aid…
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Iran Offers $167 Billion in Energy Project Opportunities
Iran’s energy projects market offers regional and international companies opportunities worth up to $167 billion as Tehran prepares for international…
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Oil Falls on Concerns about Rising Supply
Oil prices fell yesterday as concern over a global supply glut intensified after OPEC Secretary General Abdullah Al-Badri indicated that the organization…
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India Faces Concern over Rising Consumer Prices
Recent developments suggested that India’s economy was in good shape with a positive outlook. Real GDP grew by an unusually strong 7.5 percent year on year,…
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OECD Lowers Its Global Growth Forecast
The Organization for Economic Cooperation and Development cut its forecast for global growth this year. It nevertheless expected lower oil prices to help…
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Oil Prices Rise on Strong Demand
Crude oil prices rose today, supported by strong demand, after falling in early trading on expectations that the Organization of the Petroleum Exporting…
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Amazon to Hire 6,000 People in the United States
US online retail giant Amazon announced that it would hire 6,000 full-time employees in the United States to meet strong demand, particularly in…