Friday, April 26, 2019

Financial inclusion: Prospects and challenges

One of the prerequisites to achieve effective financial inclusion is creating an enabling policy and regulatory environment as well as improving the access of...
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Oman LNG repays its $2bn loan in advance

Demonstrating its financial robustness, Oman LNG has announced that it has successfully repaid its $2bn loan facility obligation ahead of schedule, signalling a positive...
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Eni Signs Offshore Exploration Deal With Ras Al Khaimah

Eni SpA has signed an exploration and production agreement with the emirate of Ras Al Khaimah, a further push by the Italian company into...
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Qatar Fund Buys Chunk of $5.6 Billion Manhattan Portfolio

(Bloomberg) -- Qatar is betting big on some prime retail on Fifth Avenue and Times Square. Vornado Realty Trust sold almost half of a $5.6 billion...
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Case Against Abraaj Widens With Third Arrest

(Bloomberg) -- A US criminal case against former executives at buyout fund Abraaj Group, which collapsed last year in the world’s biggest private-equity insolvency,...
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Abu Dhabi Lets Foreigners Own Land

(Bloomberg) -- Abu Dhabi will allow foreigners to own the land under their homes and offices for the first time as the emirate looks for...
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Fashion brand FBB forays into Oman market

fbb – India’s most preferred fashion destination by Future Group – has launched two standalone stores in the Sultanate this week. These two stores, a...
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Geely Auto Group Introduces New Design Studio

Geely introduces new design studio and appoints leading designer Wayne Burgess as Vice President of Geely Design UK Muscat, Oman: Geely Auto Group recently introduced...
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Reliance to Weigh Refinery Stake Sale to Aramco, Adnoc

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is considering selling as much as 25 percent of its refinery business in a deal that could...
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Emirates NBD CFO to Leave

Emirates NBD's Chief Financial Officer Surya Subramanian, who steered the bank through some of Dubai’s largest restructurings, is set to leave after almost nine...
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