Tag: Middle East
Standard Chartered Announces Key Appointments in Middle East
Standard Chartered has appointed Boutros Klink as the CEO, Middle East, excluding the UAE. In his expanded role, he will have oversight over all GCC &...
A Haven for Money in the Middle East, Dubai Is Losing Its Shine
Ever since the first gleaming towers sprang out of the desert, Dubai has gotten used to rapid change. It’s no stranger to boom-and-bust. What’s...
Reliance Said to Plan Expanding World’s Largest Refinery Complex
Billionaire Mukesh Ambani-owned Reliance Industries Ltd. is considering a plan to boost its oil-refining capacity by about half, people with knowledge of the matter...
GCC economies to grow by 2.4 percent in 2018
IMF says GCC economies to recover strongly in 2019
Overall energy price recovery would spur GCC economies to grow by 2.4 percent in 2018 and...
BP To Expand Mideast Presence With $2.8bn Investment
Oil major BP aims to spend $1.8 billion in Egypt next year and $1bn annually in Abu Dhabi as it looks to expand its...
Dubai Holding Said to Buy Stake in Zara’s Middle East Operator
Dubai Holding LLC, the investment firm owned by the emirate’s ruler, agreed to acquire a minority stake in the operator of Zara clothing and...
TPO inaugurates training centre of excellence, Oman
Petrofac and its partner Takatuf Oman, the human capital solutions provider wholly owned by Oman Oil Company (OOC), today inaugurated their state-of-the-art institute designed...
Petronas buys 10% stake in Oman’s Al Khazzan field
Malaysia’s Petroliam Nasional Berhad (Petronas) said its subsidiary would buy a 10% stake in Oman’s Al Khazzan gas field, following a bidding exercise held...
Toys R Us launches new Middle East e-commerce platform
Toys"R"Us, Inc. today announced that it has entered into an agreement with Mirakl, the leading global marketplace solutions provider, to support the creation of a new...
Uber launches new security measures in Middle East
Uber’s new Safety Toolkit designed to improve driver and passenger security represents a ‘step change’ for the ride-hailing app, according to Sachin Kansal, global...