Pakistan, India eye investments from Saudi Arabia as crown prince set to visit two countries

New Delhi/Islamabad: Saudi Arabia’s Crown Prince Mohammad Bin Salman is expected to announce investments in energy and infrastructure during a visit to India and Pakistan in coming days. The prince, known as MBS, is also expected to visit China, Malaysia and Indonesia during a tour that will be his first through the region since the […]

IMF sees no credit crunch in Oman, advises speedy fiscal reforms

DUBAI: Oman is not facing a credit crunch but the Gulf Arab oil producer should speed up implementation of fiscal reforms like the introduction of a value-added tax (VAT), an IMF official said. In December, rating agency Fitch downgraded Oman — among the hardest hit in the region by the drop in oil prices — […]