APL Logistics announced the setting up APL Logistics Oman, a new joint venture company with Arab Global Logistics in Oman. APL Logistics Oman will spearhead efforts to develop Oman as a regional logistics hub to serve local and international customers in the Middle-East and East Africa, according to a press release. APL Logistics is the […]
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Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa region, today announced it will increase its investment in Oman by OMR 515 million by 2020, reaffirming its long-standing commitment to the Sultanate.
According to Reuters report International Energy Agency (IEA) chief Fatih Birol has said that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern.
Persistently low oil prices continue to pressure the funding environment for banks across the Gulf Cooperation Council (GCC) countries, says Moody’s Investors Service in a report published today.
According to a recent report published in a news agency, Oman will encourage households to generate electricity with solar panels and feed it into the national grid, Qais al-Zakwani, executive director of the Authority for Electricity Regulation, said.
The Indian government unveiled a fire-fighting budget on Monday. Finance Minister Arun Jaitley’s third budget marked a strategic shift by addressing rural distress in a country of 1.3 billion, where two-fifths of families rely on farming and are reeling from two years of drought.
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.
The 2016 budget aims to stimulate economic growth and spending on high-priority socio-economic and development projects, while continuing to provide support and a positive environment for growth and investment in the private sector.
The Committee in charge of studying and fixing the sale price of oil products in the Sultanate on Monday held a meeting and approved a number of procedures including the new pricing for oil products (regular, super and diesel).
On Saturday, Oman government announced its state Budget for the year 2016. The total revenue of the country was down by 4 cent estimated at OMR8.6 billion.