Thursday, August 22, 2019

Logistics giant Panalpina sets up office in Oman

Panalpina, an international freight forwarding and logistics company based in Switzerland, is soon planning to set foot in Oman with its office opening in...
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Islamic finance to expand rapidly in CIS countries in next five...

Islamic finance is set to expand rapidly in Commonwealth of Independent States (CIS) countries in the next five years from a very low base,...
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Hilton, Alshaya Group ink deal to develop 70 hotels across MEA

Hilton and Kuwait-based Alshaya Group have signed an exclusive master development agreement to launch and develop 70 Hampton by Hilton hotels in nine countries...
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Saudi-Malaysian refinery CDU has begun to restart, says Petronas

Pengerang Refining and Petrochemical (PrefChem), a joint venture between Malaysia’s state oil firm Petronas and the Saudi Arabian Oil Company (Saudi Aramco), has begun...
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Dubai’s DED adds 53 new business activities to key sectors during...

Dubai's Department of Economic Development has added 53 new business activities across a number of important sectors during the first half of 2019, according...
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UAE-based IBC Group to acquire 10,000 holiday homes in Dubai

IBC Group, an UAE-based investment company, is planning to acquire 10,000 holiday homes in Dubai, according to an announcement made by the company yesterday.The...
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ADNEC contributes AED 2.3bn to Abu Dhabi’s Economy in H1 2019

Abu Dhabi National Exhibitions Company (ADNEC) and Al Ain Convention centre (AACC) have together contributed AED2.3bn to Abu Dhabi’s economy in the first half...
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Fujairah’s refined oil product stocks see eight-week high

Fujairah’s refined oil product stockpiles saw an eight-week high with a 10% jump to 21.253 million barrels in the week to Aug 12, Fujairah...
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ahlibank’s total assets up by 11.8% in Q2; net profit for...

In its financial statements for the second quarter (ending June. 30, 2019) ahlibank has recorded a noteworthy growth surge of 11.8% in its total...
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Sohar International rights issue oversubscribed; Tier 1 capital raised by OMR40m

Sohar International recently announced the successful closure of its rights issue with an oversubscription. This raises its Tier 1 capital by OMR 40m.In spite...
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