Deepa Rajan
Saudi Aramco asks banks to bid in what could be world’s largest IPO
In what could be the world’s biggest IPO, Saudi Aramco has formally asked major banks to bid for potential roles in its planned initial...
Logistics giant Panalpina sets up office in Oman
Panalpina, an international freight forwarding and logistics company based in Switzerland, is soon planning to set foot in Oman with its office opening in...
Islamic finance to expand rapidly in CIS countries in next five years
Islamic finance is set to expand rapidly in Commonwealth of Independent States (CIS) countries in the next five years from a very low base,...
Omani crude oil production reaches 30.091mn barrels in July
The total production of crude oil and condensate was at 30.091 million barrels in July with a daily average output of 970, 682 barrels,...
UAE’s Federal Tax Authority rolls out new electronic system for excise registration
UAE’s Federal Tax Authority (FTA) has introduced a new electronic system for registering excise goods as part of its plans to further improve excise...
Raysut Industrial City received 32 investment applications during first half of 2019
Raysut Industrial City received a total of 32 investment applications of commercial, industrial, and service activities during the first half of this year, according...
Foreign Capital Investment Law to come into force from January 2020
Oman’s Ministry of Commerce and Industry is all set to implement the Foreign Capital Investment Law from January next year. This new law, which was...
Hilton, Alshaya Group ink deal to develop 70 hotels across MEA
Hilton and Kuwait-based Alshaya Group have signed an exclusive master development agreement to launch and develop 70 Hampton by Hilton hotels in nine countries...
Saudi-Malaysian refinery CDU has begun to restart, says Petronas
Pengerang Refining and Petrochemical (PrefChem), a joint venture between Malaysia’s state oil firm Petronas and the Saudi Arabian Oil Company (Saudi Aramco), has begun...
Dubai’s DED adds 53 new business activities to key sectors during first half
Dubai's Department of Economic Development has added 53 new business activities across a number of important sectors during the first half of 2019, according...