The Dubai Department of Tourism and Commerce Marketing (DTCM) the principal entity tasked with delivering Dubai’s tourism vision of attracting 20 million visitors by 2020, has announced the launch of a new GCC trade marketing and communications strategy to further reinforce Dubai’s positioning and offering to GCC guests.
With the Middle East, and in particular the GCC, emerging as major international air travel hub, aviation security will be a key point of interest at Intersec 2016, the world’s leading trade fair for security, safety, and fire protection.
A prolonged period of oversupply will keep oil prices lower for longer and continue to pressure issuers in the oil and gas industry in 2016, particularly those in the exploration & production (E&P) and drilling and oilfield services sectors (OFS), says Moody’s Investors Service.
National Bank of Oman (“NBO”) announced that it has been named the ‘Bank of the Year – Oman’ at The Banker’s 16th Annual Bank of the Year Awards. The prestigious accolade was presented to NBO at a ceremony held recently in London.
Oman’s crude oil production rose 3.05 per cent or by 995,708 barrels per day to 29.87 million barrels in November.
Electricity production in Oman rose to more than 25.4 thousand gigawatts (GW), reflecting a 12.1 per cent increase, as of the end of September 2015, compared with 2014.
While lower oil prices will negatively affect Qatar’s (Aa2 stable) government revenues, large financial assets provide a sizeable buffer, says Moody’s Investors Service in a report published today.
Oman’s trade balance during the first seven months of 2015 registered a surplus of OMR1,581.3 million, despite the decline of 31.7 per cent in exports during the period.