Monday, June 24, 2019

Abu Dhabi Wealth Fund Executive Joins Etihad Aviation as CFO

(Bloomberg) -- Etihad Aviation Group appointed former Abu Dhabi Investment Authority executive, Andrew Macfarlane, its chief financial officer as the state-owned carrier pushes ahead...
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Rolls-Royce Awards $6.5 Billion Engine-Repair Deal to Sanad Aerotech

(Bloomberg) -- Rolls-Royce Holdings Plc awarded a unit of Abu Dhabi sovereign wealth fund Mubadala Investment Co., Sanad Aerotech, a $6.5 billion contract to...
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Top 10 Most Expensive Locations for Expats

(Bloomberg) -- Higher inflation and a strengthening currency have seen Hong Kong rocket into the fourth most expensive location in the world for expats,...
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3 Upcoming Construction Projects in Oman to Watch Out For

Oman has undoubtedly experienced a few tough years in the construction and infrastructure sector. As cited in the Deloitte GCC Powers of Construction 2018...
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Enjoy 5% Cashback when using eFloos at Carrefour

In line with their commitment to provide customers with more value, Omantel – the first and leading integrated telecommunication services provider in the Sultanate...
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Blown-Up Oil Tanker’s Insurer Says Iran Likely Attacker

(Bloomberg) -- Iranian forces were likely responsible for the attacks that occurred Thursday on two tankers in the Gulf of Oman, according to a...
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UAE Wealth Fund Boosts Telecom Operator Du Holding With $630 Million...

The United Arab Emirates’ sovereign wealth fund boosted its stake in Dubai-based telecom operator Du, snapping up a stake valued at about $630 million. The...
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Steers and Debonairs Pizza to debut at OOMCO’s service stations

Oman Oil Marketing Company (OOMCO) has signed an agreement with Famous Brands, Africa’s largest branded food services franchisor, to bring two of its most...
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Petrofac-PDO 10-year Framework Contract Surpasses US $450 million

In 2017, UK-based engineering mammoth, Petrofac signed a long-term Framework Agreement with Petroleum Development Oman (PDO). The agreement was 10-year long with an additional...
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Omantel Honours 3rd Batch Graduates of “Mehnati” Program

Omantel, the first and leading telecom operator in the Sultanate, recently completed the training of another 20 young trainees as part of "Mehnati" program...
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