Business & Management
UAE’s ANC Holding to acquire stake in Dhofar Fisheries
UAE-based diversified group ANC Holding has announced that it will acquire a 39.2 per cent interest in Oman’s Dhofar Fisheries and Food Industries
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EBRD to invest US$1.1bn in MENA region in 2014
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
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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
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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
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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
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