By Samuel Kutty - MUSCAT — A’saffa Foods, in its bid to become a major food producer in the region, is setting out on major expansion plans. The company is increasing its poultry production by about 24 per cent with a capital expenditure of RO 4 million. The expanded facility is expected to begin co

By A Staff Reporter - MUSCAT — Three exciting new Omantel products were launched at two one-day interactive workshops at the Grand Hyatt Muscat recently. Hosted by leading digital marketing experts, Infocomm, the workshops were attended by a select group of guests from Oman’s leading companies. The

Majees Technical Services Oman LLC, the leading security solutions provider in Oman, is supporting the forthcoming Safety & Security Exhibition Conference — a focused exhibition showcasing safety, security and fire protection products and services. The event will take place at Oman International Exh

LONDON — British fashion group French Connection posted its second profit warning in less than three months, blaming poor trading in the key Christmas period. Shares in the firm fell up to 7 per cent after it said it now expected a year to January 31 pretax profit of about £4.7 million ($7.4 million

MONTERREY — Mexico's Cemex, the world's third largest cement maker, posted a loss of $146 million in the fourth quarter of 2011, a company spokesman said. But Jorge Perez said that "losses have substantially reduced," comparing the figure with a $574 million loss during the same period the previous

ATHENS — Greece's government made another push yesterday to hammer out a deal with foreign lenders on a 130 billion euro bailout before turning to the trickier task of convincing wary political leaders to back the additional painful reforms involved. On the brink of bankruptcy, Athens must wrap up

NEW DELHI — Telenor says it expects India to protect its "lawful investment" after an Indian court scrapped mobile permits held by the Norwegian giant and other firms on grounds the licensing process was rigged. Telenor entered India's growing telecom market in 2009, paying $1.1 billion for a majori

NEW YORK — Nasdaq OMX Group Inc's core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft trading environment. Stock market volumes declined from the elevated levels of the prior quarter as volatility

BUDAPEST — Hungary is seeking an international credit line of 15 to 20 billion euros ($20 to $26.3 billion), the secretary of state heading the prime minister's office, Mihaly Varga (pictured), was quoted yesterday as saying. Hungary is seeking back-up from the International Monetary Fund and the E

WASHINGTON — US businesses shifted into hiring gear in January, creating jobs at the fastest clip in nine months, official data showed amid signs the recovery from deep recession is gaining traction. The Labor Department's keenly awaited jobs report blew past expectations, providing a welcome shot o