Thursday, April 25, 2024

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Saudi Arabia to allow foreigners to own property: Saudi Gazette report

Saudi Arabia is working on a new law permitting foreigners to buy property according to a report by Saudi Gazette. Abdullah Alhammad, CEO of...
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Oman’s crude oil, condensates production reaches 29.7mn barrels

The Sultanate of Oman’s production of crude oil and condensates during February 2023 stood at 29.7 million barrels, or a daily average of 1.06...
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Oman and Luxembourg Discuss Economic Cooperation

Luxembourg: A session of talks was held here today between the Sultanate of Oman and the Grand Duchy of Luxembourg. The talks touched on means...
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His Majesty Chairs Council of Ministers Meeting

Muscat: His Majesty Sultan Haitham bin Tarik presided over a meeting of the Council of Ministers at Al Barakah Palace today. During the meeting, His...
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Hotels In Oman Witness Rise In Tourist Influx

Muscat: The revenues of 3-5 star hotels in Oman increased by 91.7% by the end of November 2022 to stand at RO 161,262,000, according...
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Oman and Jordan Explore Bilateral Investment Opportunities In Various Sectors

Muscat: His Majesty Sultan Haitham bin Tarik and King Abdullah II Ibn Al Hussein of the Hashemite Kingdom of Jordan, have reiterated their keenness...
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Al Maha Acquires 45% Stake in Al Hael Ceramics Company LLC

Muscat: Al Maha Ceramics SAOG (“Al Maha”) has announced the acquisition of a 45% stake in Al Hael Ceramics Company LLC (Al Hael”). Al...
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Saudi Inflation Rises to 2.7% In July on Higher Food Prices

Saudi Arabia's consumer price index rose 2.7% in July from a year earlier, government data showed on Monday, increasing from a 2.3% pace in...
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Khalid Ramis Al Rawas Appointed As The CEO Of Raysut Cement Company

Khalid Ramis Al Rawas is the new CEO of Raysut Cement Company. Following the resignation of Joey Ghose, Khalid Ramis Al Rawas has been...
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Is Raising Interest Rates The Only Way To Sustainably Combat Inflation?

Is inflation always harmful to an economy – and to what extent does raising interest rates curb inflation? Sibasish Mohapatra deep dives into the...
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