Economy

Algiers: Algeria has hired US law firm Curtis, Mallet-Prevost, Colt & Mosle LLP and other consultancies to help with a new energy law aimed at attracting...

Muscat: The construction of a scaffolding unit by Triangle Engineering has been completed in Sohar and is set to manufacture 960 tonnes of scaffolding...

Dhahran: Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources said, as it...

Muscat: Nama Group has commenced preparations to launch Tranche 3 of Lamar Project (funding programme) by floating an open tender. This is limited to...

Muscat: A shareholders' agreement has been signed for the development of a Building Material Market Project in Duqm. The agreement has been signed by...

Berlin: Investor morale in the euro zone deteriorated for the fifth month in a row in June to its lowest level since October 2016, hit by concerns about an...

Muscat: Oman’s central bank has announced issue of government development bonds to the tune of OMR100 million. The issue, which will have a maturity of...

Dubai: Economies in the Middle East ended 2017 on a high note, with a strong final quarter in 2017, despite some short-term weaknesses surfacing in early...

Muscat: The GCC stock market lost momentum, amidst concerns of overvaluations among blue-chip companies that nudged investors into profit booking, according...

Muscat: Kanoo Shipping, one of the largest regional shipping agencies in the Middle East, has announced an agreement to acquire Wallem South Africa, a...