The European Bank for Reconstruction and Development (EBRD) has planned to invest up to US$1.1bn in some Middle East and North African (MENA) countries next year, to help bolster regional stability and spur growth
Business & Management
Oman hires New Zealand consultancy firm for continental shelf extension
The Omani government has appointed New Zealand-based GNS Science as consultant and supervisor for the extension of the outer limits of the sultanate?s continental shelf
Oman Chlorine affiliate to set up new plant in Abu Dhabi
Oman Chlorine has announced that its joint-venture company Union Chlorine plans to set up a US$70mn chemical plant in Abu Dhabi
Dubai DED introduces new licensing rule for business owners
The Department of Economic Development (DED) in Dubai has introduced a new rule giving permission to business owners in the emirate to operate across the industrial, commercial and professional services sectors with a single licence
AkzoNobel to buy 50 per cent stake in Sadolin Paints Oman
Netherlands-based paints manufacturer AkzoNobel has signed a joint venture agreement with Oman?s Omar Zawawi Establishment (Omzest) to acquire a 50 per cent stake in its Sadolin Paints business