Tag: economy
Aramco Showcases Major Recovery Post Oil-Attack Within A Month
(Bloomberg) -- Saudi Aramco showed it has made significant progress in restoring damaged oil infrastructure to normal operation just a month after a devastating...
Global Finance Chiefs Head to IMF, World Bank Amid Slowdown Concerns
(Bloomberg) The guardians of the world economy head to Washington this week under the cloud of a slowing world economy.
The annual meetings of the...
World’s Biggest IPO Tests Saudis’ Faith in Their Crown Prince
(Bloomberg) Nawaf Abdel-Aziz has never put any money into the stock market before, but he says buying shares in the world’s most profitable company...
SMBC Nikko Securities chosen to be Aramco’s bookrunner for IPO: Sources
SMBC Nikko Securities will be the bookrunner for Saudi Aramco’s much-hyped initial public offering (IPO), according to sources quoted by press sources. SMBC Nikko...
Oman not looking for aid packages from Gulf nations: CBO’s Amri
The Sultanate of Oman is not in talks with any of its Gulf neighbours for an aid package, despite a large fiscal deficit, which...
OPEC+ meeting: Oman oil minister Rumhi sceptical about oil outlook
His Excellency Mohammed bin Hamad al Rumhi, Oman’s Minister of Oil and Gas, today said that though no deeper oil output cuts were discussed...
Oman to witness an annual food consumption growth of 4.6% until 2023
The GCC Food Industry Report, published by Alpen Capital (ME) Limited – an investment banking advisory firm – forecasts steady growth for the food...
US-China trade war: Middle East air freight volumes see sharp decline
An International Air Transport Association (IATA) data report shows that the global air freight market contracted by 3.2% in July this year, compared to...
Oman Housing Bank issues more than OMR26.8mn worth of loans in H1 2019
Oman Housing Bank (OHB) has said that the total number of approved loans, supported by the government, reached 630 loans during the first half...
Saudi Aramco mulling two-stage IPO, might choose Tokyo for phase two
The state-owned Saudi Aramco might be considering a two-stage initial public offering (IPO) with a domestic debut and a subsequent international listing possibly in...
