Monday, June 24, 2019

Saudi Arabian Energy Minister Al-Falih Set to Cancel Davos Trip

Saudi Energy Minister Khalid Al-Falih is unlikely to attend the World Economic Forum in Davos, the latest high-ranking official to plan on skipping this...
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UAE Private Companies Cut Jobs at Fastest Pace in a Decade

Companies in the United Arab Emirates’ non-oil private sector cut jobs at the fastest pace in almost a decade as lower crude prices and...
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Abu Dhabi Said to Weigh Merger to Create Top Mideast Lender

(Bloomberg) -- Abu Dhabi is considering combining Abu Dhabi Islamic Bank with First Abu Dhabi Bank to create the Middle East’s largest lender, according to...
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Dubai’s Long-Awaited Stats Showed Weakest Economy Since 2010

(Bloomberg) -- Investors got their first chance in months to size up how Dubai’s economy has fared during a downturn in its bellwether property sector...
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Energy innovation gains momentum in Oman

Initiatives are in place to establish Oman as a centre for energy technologies and innovation in the region. SparkLabs Energy’s inaugural Demo Day recently showcased...
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Saudi Said to Weigh More Bank Mergers as NCB Announces Talks

Saudi Arabia is exploring potential mergers to boost its financial services industry after the combination of Saudi British Bank and Alawwal Bank, according to...
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Technology to drive Sultanate’s downstream industry

Key leaders from the oil and gas sector, including Oman Oil Marketing Company’s CEO David Kalife, came together to discuss and find solutions to...
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Saudi Aramco Is the Most Profitable Company on Earth by Far

Saudi Aramco was the world’s most profitable company in 2018, easily surpassing U.S. behemoths including Apple Inc. and Exxon Mobil Corp., according to an...
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Nobody Knows How Dubai’s Economy’s Been Doing Lately

In Dubai, the focus is often too much on the economy of tomorrow rather than that of the recent past. Even as it constructs the...
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M&A Bankers in Demand in Mideast Merger Boom as Oil Drives...

It’s a good time to be an M&A banker in the Middle East. Just one month into the year, five banks are merging: a three-way...
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