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Oman debt capital market contracting amid prepayments: FitchThe Omani DCM market is in an early stage of development, and is the second-smallest amongst GCC countries, stated Fitch in its report. However, the government has taken initiatives to develop the market, including the Financial Services Authority’ More… |
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OQ Group posts robust $2.52bn in net profit for 2023OQ, Oman’s global integrated energy group, has posted a robust net profit of OMR970 million ($2.52 billion) for 2023 on the back of OMR13.7 billion in revenue and EBITDA of OMR1.975 billion. This outstanding performance reflects robust o More… |
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Dubai Aerospace Enterprise secures $750m ENBD loanDubai Aerospace Enterprise (DAE), the global aviation services company, said it has secured a five-year term loan worth AED2.75 billion ($750 million) from Emirates NBD Bank for general corporate purposes and to support the future financing needs of its business. More… |
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SC Ventures and NEXT176 to launch wealth platformSC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and NEXT176, the venture building and investment arm of Old Mutual, have joined forces to launch an inclusive financial wellness platform. With a shared vision to address More… |
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Investcorp plans key investment in $4.2bn JFK terminal 6 revampAbu Dhabi-based Investcorp Capital, an investor in private markets and provider of capital financing services in the alternative investments space, said it has reached an agreement to invest in the redevelopment of New York’s JFK International Airport’s Terminal 6 through its newly More… |
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Alnowaiser named Emaar, the Economic City's new CEOEmaar, the Economic City (EEC), the master developer of King Abdullah Economic City (KAEC), has appointed Abdulaziz Ibrahim Alnowaiser as its new CEO effective May 1. Announcing the board decision, today (April 3), EEC said Alnowaiser, an industry vetera More… |
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UAE and KSA PMIs down slightly but still strong in MarchThe Purchasing Managers’ Index (PMI) for UAE and Saudi Arabia dipped in March with the S&P Global for the UAE dipping to 56.9, from 57.1 in February and the Riyad Bank PMI survey for KSA at 57.0, down modestly from 57.2 in February. This is sti More… |
