Over the past decade, many countries in the region have announced ambitious plans to increase their refining capacity. If implemented, these projects could turn the region into a leading hub for exports of refined products, competing not only in the crude market, but also in the more specialized products markets.
With the number of registered delegates rising, the CSR Oman Summit 2015 is on track to be a landmark event. Designed to champion corporate social sustainability, youth empowerment and entrepreneurship, the event continues to receive growing support, demonstrating the importance of the summit for the Sultanate, especially with this year’s agenda focusing on Small and Medium Enterprises (SME).
ADIPEC (Abu Dhabi International Petroleum Exhibition and Conference) has announced the nominees for the prestigious ADIPEC Awards 2015. These awards honour achievement and accomplishment in the oil and gas industry. A total of 501 entries were received from over 240 companies, across 32 countries.
Bank Muscat, the flagship financial institution in the Sultanate, posted a net profit of RO 136.2 million for the nine months ended 30 September 2015 compared to RO 126.7 million reported during the same period in 2014, an increase of 7.5 per cent.
The Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has selected London-based Elysian Systems Ltd as the technology provider for its new commodity auction business.
India’s Minister of Finance Mr. Arun Jaitley, will be launching the inaugural Arab India Economic Forum 2015 scheduled to be held on 16-17 November at Burj Al Arab, Dubai, UAE.
In line with its commitment to corporate social responsibility and supporting local community development efforts, Shell Oman Marketing Company signed an agreement with Dar Al Atta Association to sponsor the Big Give Competition that is scheduled to be launched later this month.
Ooredoo has opened a vibrant new franchise store in Rustaq, with its long-term partner and store operator Enhance, a WJ Towell company. This new franchise, Ooredoo’s 11th concept store, was inaugurated by Sheikh Mahmood Abdullah Al Saidi, Deputy Wali of Al Rustaq, alongside members of Ooredoo’s management team.
A decade of oil driven abundance looks to be fading for the Middle East with the first of what we expect to be a new cycle of rising budget deficits emerging in our forecasts for 2016 in Algeria, Saudi Arabia and Oman, says Simon Williams, chief economist, Central and Eastern Europe, Middle East and Africa, […]