Category: ECONOMY

Moody’s downgrades Oman power & water procurement to A3 from A1

Moody’s Investors Service, (“Moody’s”) today downgraded the long-term domestic and foreign currency issuer ratings of Oman Power & Water Procur. Co. (S.A.O.C.) (OPWP) to A3 from A1 and placed the ratings on review for further downgrade. Moody’s also placed six other Omani Government Related Issuers on review for downgrade. A complete set of companies (“the issuers”) and rating actions is listed below.

Are you ready for a stronger dollar?

After a particularly rough start to the year, markets have re-assessed the policy outlook, even as February saw a bit of calming from China. Indeed, we also had a change to the baseline Fed call, where there are now 2 rate hikes expected this year instead of an original expectation of 3.

Indian Budget 2016 Highlights: India unveils pro-poor budget

Finance Minister Arun Jaitley will present his third budget for the Narendra Modi government. Jaitley faces a tough task of balancing the needs of farm sector as well as the industry as he seeks to garner resources to boost public spending for higher growth amid global economic upheaval.

Oman’s success with green economy bright: Reem Mohammad al-Najdawi

Officials and economists expressed their confidence in the success of the Sultanate in its efforts to shift towards green economy and achieve the goals of the 17 Sustainable Development Plan 2030, adopted on September 25th, 2015 at the United Nations (UN) Summit held in New York. Reem Mohammad al-Najdawi, Head of Food and Environmental Policies […]

Leaders urge strong action to reconfigure the Arab region and its global space

Beirut Institute Summit distinguished Co-chair His Royal Highness Prince Turki Al Faisal, Beirut Institute Founder and Executive Chairman Raghida Dergham, and knowledge partner A.T. Kearney and its Global Business Policy Council, today made public the policy recommendations that emerged from Beirut Institute Summit in Abu Dhabi in October 2015 entitled ‘Reconfiguring the Arab region and its global space beyond political economy and security threats’.