Tuesday, August 20, 2019

Foreign Capital Investment Law to come into force from January 2020

Oman’s Ministry of Commerce and Industry is all set to implement the Foreign Capital Investment Law from January next year. This new law, which was...
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Bugatti Channels Early ’90s Supercar Swag in New $8.9 Million Auto

(Bloomberg) -- On Friday in Monterey, Calif., Bugatti unveiled the yang to its yin: The Centodieci, an all-white coupe, complements Bugatti’s $12.5 million, jet-black La Voiture Noire.As with many luxury...
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Windmills and Batteries to Attract Billions in the Green Energy Revolution

(Bloomberg Markets) -- The renewable energy transition promises to reduce carbon emissions, but it’s happening at different speeds around the world.Read on for some key...
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Tourism Is Overwhelming the World’s Top Destinations

(Bloomberg Opinion) -- In 1953, mountaineers Tenzing Norgay and Edmund Hillary made the first confirmed summiting of Mount Everest, the world’s highest peak. Recently, Everest...
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Deflation Takes Hold in Abu Dhabi with Housing Pressuring Most

(Bloomberg) -- Deflation is becoming entrenched in the United Arab Emirates’ capital, Abu Dhabi.Consumer prices in oil-rich Abu Dhabi declined for a second consecutive month,...
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This airline route is a billion-dollar one, says airline data firm...

British Airway’s London Heathrow- New York JFK service is the only route which has managed to break the ‘billion-dollar barrier’, earning revenues of over...
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Dhofar Wind Farm marks a major milestone, starts generating electricity

Dhofar Wind Farm has achieved a major milestone by producing its first kilowatt hour of electricity after the project’s first wind turbine was connected...
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Bank of Sharjah Is Said to Plan Dollar Bond Sale to...

(Bloomberg) -- Bank of Sharjah PJSC plans to issue dollar-denominated bonds later this year to help the United Arab Emirates lender repay existing debt, people...
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Major Gulf markets open higher after Eid holidays

Most major Gulf markets traded in the positive today after returning from the Eid break, according to a Reuters report. Saudi Arabia and Oman...
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Saudi Aramco Springs No Surprises at Gentle First Results Call

(Bloomberg) -- Saudi Aramco’s senior executives can breathe a collective sigh of relief after the company’s first-ever earnings call with investors. The half-hour event was...
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