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
Business & Management
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
Dubai?s DAMAC Properties plans IPO
Dubai-based real estate developer DAMAC Properties has planned to raise US$500mn through an initial public offering on the London Stock Exchange before the end of this year