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BUSINESS

BUSINESS latest

Renaissance Services acquires Socat as part of new growth strategy
April 14th, 2026 - 11:21 GMT

Renaissance Services acquires Socat as part of new growth strategy

Renaissance Services , Oman’s leading integrated facilities management (IFM) and accommodation solutions company, has announced the completion of its acquisition of Socat LLC, the Omani arm of the French multinational Sodexo, as part of a strategic growth initiative. The acquisition further consolidates Renaissance’s market leadership and expands its service capabilities across the Sultanate. Socat’s client base includes commercial and institutional facilities, and this strategic acquisition enhances Renaissance’s operational footprint and adds new value-based facility management (FM) capabilities to the Company’s portfolio. Speaking on the occasion, Samir J Fancy, Chairman of ...
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What do banks do with $476.5 billion? (File photo)
April 23rd, 2017 - 04:57 GMT

Are they too rich or am I too poor? Total assets of top UAE banks hit $476.5B

Workplace rules are different from anywhere else. A playful comment on a friend’s appearance may be acceptable in a social setting. At work, it could risk a sexual harassment charge. (Pexels)
April 23rd, 2017 - 04:40 GMT

Beware of mixing work and fun in the office

Instagram has confirmed that it has already started testing offline features and most of them are now in place in the Android app. (Pexels)
April 23rd, 2017 - 04:18 GMT

Instagram: Like, comment and unfollow even if OFFLINE

Bebe lost $13 million in the first half of its fiscal year. (Shutterstock)
April 23rd, 2017 - 03:59 GMT

Bebe is closing down: Fashion brand to close all stores, focus on online sales

The new plant is expected to contribute to solving the problem of transmission bottlenecks in Al-Baqair and Soba industrial zones. (File photo)
April 23rd, 2017 - 03:43 GMT

Sudan gets $200M loan from Arab Fund to build new power plant

The current balance of trade is not in Lebanon’s favor. (Shutterstock)
April 23rd, 2017 - 03:15 GMT

Lebanon struggles to reduce its trade deficit with Russia

A fresco at Quseir Amra desert castle near the capital Amman. (Pixabay)
April 23rd, 2017 - 02:34 GMT

Jordan’s revenues from tourism up 14 percent: Central Bank of Jordan

The gold mine is owned by the Saudi Arabian Mining Company (Maaden) and will be joining other operating gold mines owned by the company. (Shutterstock)
April 23rd, 2017 - 01:43 GMT

Saudi Arabia launches biggest gold mine with 180,000 ounces annual capacity

The French will go to the polls today to pick their new president. (AFP/ Joël Saget)
April 23rd, 2017 - 12:38 GMT

France's next president will have to fix its 'ailing' economy

King Salman has sacked key officials, including the head of the army embroiled in Yemen's conflict. He's also scrapped cuts made last year to state employees' pay, prompted by oil revenue falls. (AFP/ File)
April 23rd, 2017 - 12:01 GMT

Saudi King Salman fires top officials, restores perks to state employees

Johan Buse, Chief Commercial Officer
April 23rd, 2017 - 11:33 GMT

Ooredoo to expand Superfast Fibre Coverage to three additional areas in Muscat Governorate

Bank Nizwa - new Head of Shari'a compliance
April 23rd, 2017 - 11:15 GMT

Bank Nizwa appoints Dr Mansour Alqudah as Head of Shari’a compliance

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