UK Firm Driver Group Achieves $3.4m Contract In Oman
Oman's Public Authority for Electricity and Water (PAEW) has awarded UK-based construction firm Driver Group two…
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Oman
Lenovo Scoops ‘Middle East’s PC Retail Vendor of the Year’ Award
Lenovo was awarded three key accolades at the Middle East Retail Academy (MERA) 2012 Awards, including the highly…
Iran To Open Biggest Gas Refinery Next Year
Managing director of the National Iranian Offshore Oil Company (NIOOC) says the biggest gas refinery in the Gulf…
Bankmuscat Boss Calls For Shariah Compliant Mgt Tools
AbdulRazak Ali Issa, the chief executive of has said Islamic lenders and windows are set to face the need for…
Qatar’s Qinvest May Acquire Majority of New Bank With EFG-Hermes
EFG-Hermes Holding SAE (HRHO.CA) said Qatar’s QInvest LLC may hold a majority stake in a planned investment…
GCC Foreign Assets To Reach $1.9trn
Net foreign assets held by Gulf states are forecast to soar to $1.9 trillion in 2012 as a result of high oil…
Arab Ports reactivate Egyptian Tourism
Safaga port received on Thursday two ships which have 700 tourists from different nationalities. Major General Atef…
Tsunami Warning Issued Amid 8.7-Magnitude Quakes Indonesia’s Aceh
Tremors from earthquake off Aceh province reportedly felt in Singapore, Thailand, Malaysia and India. Indonesian…
Oman to increase Oil Production This Year: Al Rumhy
Oman is set to increase its oil production from 855,000 barrels per day (bpd) to 915,000 bpd this year, the…
Samih Sawiris Loans ODH 75 Million Swiss Francs
Orascom Development Holding AG (ODHN), -the hotel and construction company- will get a direct loan of 75 million…