July 31, 2013
Oman Cement Co posted a 3.1 per cent growth in net profit for the first half of 2013 to RO9.3mn against a net profit of RO9mn in the same period last year.
The construction sector is currently facing a range of obstacles, including increased prices of industrial fuel, higher taxes and high foreign exchange costs.
July 30, 2013
The Saudi Arabian government awarded $22.5 billion (Dh82.6 billion) in contracts to three foreign-led consortia on Sunday for the design and construction of the first metro rail system in the capital, Riyadh.
South Sudan has been losing an estimated $200 million a year in illegal gold mining, according to an official from the ministry of petroleum and mining.
The new Egyptian government will press ahead with a smart card program for distributing fuel products that its predecessor had started before it was ousted by the military.
Jordan Chamber of Commerce President Nael Kabariti and Pakistan’s Ambassador Ahsan Azhar Hayat on Monday discussed ways to develop commercial and economic relations between the two countries.
The GCC contracting industry is witnessing strong growth, which is projected to increase further in the years to come, according to a research report.
The Lebanese banking sector could see profits drop by up to 20 percent over the next year if the political stalemate in the country persists, the head of the Association of Banks in Lebanon warned.
The total sales revenue of Oman's three oil marketing companies grew by just 3.1 per cent to RO510mn in the first six months of 2013 against RO494.3mn in the corresponding period last year.
July 29, 2013
Oman is set to see $65 billion worth of turnkey projects awarded between now and 2017, doubling the combined value of projects awarded in the Sultanate in the last five years.
Minister of Petroleum and Mineral Resources Sherif Ismail announced an agreement to import 1m barrels of crude oil monthly from Libya that will be refined in Egypt laboratories
Mobile phone distributors and importers said Sunday that mobile imports dropped from $10 million per week to $1 million following the government’s increase of taxes imposed on cellular phones.
Jordan and the World Bank on Sunday signed a $150 million loan agreement to assist the Kingdom with the economic burdens put upon it by hosting hundreds of thousands of Syrian refugees.
Saudi Arabia’s agriculture and food sectors are expected to sustain a combined annual growth of 18.5 percent, driven by a rising population and strong consumer spending.
Qatar Tourism Authority announced that the tourism sector has realized a strong growth during the second quarter of this year compared to the corresponding period of the previous year.