Shinhan Bank opens office in DIFC

Dubai International Financial Centre (DIFC) on Tuesday welcomed one of South Korea’s leading banks, Shinhan Bank, to its diverse portfolio of clients. The launch of Shinhan Bank’s Dubai office, which

Expo to help Dubai to grow faster than China by 2020

Dubai’s rate of economic growth will exceed China’s in 2020, as the Expo lifts tourism and business activity in the emirate. The prediction from the Dubai Department of Economic Development

Oman to boost position as premier destination

The Oman Ministry of Tourism has recently showcased the Sultanate’s wide range of tourism attractions and rich cultural offerings through an interactive event held at the Jeddah Hilton. The event

Paint maker Jotun opens new warehouse, sales office in Salalah

Jotun, one of Oman’s top paint manufacturers, has opened a new warehouse and sales office in Salalah on Samharam Street, Awqat Industrial Area, as part of its ambitious expansion plans.

Oman’s exports grow despite low oil prices

here are risks associated with the decline in oil prices but this has not much hindered exports from Oman and export credit schemes, said the acting general manager of the

Kuwait gears up for Cityscape launch

THE second edition of Cityscape Kuwait, a premier real estate investment and development event, opens its doors tomorrow to more than 70 exhibitors from countries across the region such as

Kuwait stocks slipped Monday finishing on a negative note. The bourse fell 8.2 points to 5,783.69 points mainly on subdued buying in select counters. Most market sector indices recorded negative

Egypt signs $600mn loan deal with European Investment Bank for power plant

Egypt signed on Sunday a $600 million loan deal with the European Investment Bank (EIB) to finance a new power plant in Beheira governorate, reported Al-Ahram daily. The loan is

Ministers of Investment, Industry launch second Egypt Automotive summit

The second annual Egypt Automotive summit kicks off Tuesday under the auspices of Minister of Investment Ashraf Salman, Minister of Industry and Trade Tarek Qabil, and head of the Suez

India, Egypt in talks over investments in oil sector

The Egyptian government has announced that a group of Indian businessmen will be studying the feasibility of new investments in the Egyptian petroleum sector, reports alarabiya.net. Sanjay Bhattacharyya, ambassador of