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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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Saudi Arabia has announced that no income tax will be imposed on Saudi citizens under the economic reforms being introduced in the oil-rich kingdom. (AFP/Fayez Nureldine)
April 10th, 2017 - 12:04 GMT

Saudi Arabia announces tax-free income for Saudi citizens

Oman Oil Company headquarter building in Muscat, Oman. (Shutterstock)
April 10th, 2017 - 11:46 GMT

Oman mulls short-term job contracts for Omanis, expats

DAMAC Towers by Paramount Hotels & Resorts
April 10th, 2017 - 11:13 GMT

DAMAC Towers by Paramount Hotels & Resorts over 85% complete

du and Uber surprise customers with a 20% discount
April 10th, 2017 - 10:57 GMT

du and Uber surprise customers with a 20% discount

Sony is planning new product launches and a new business strategy that will help it gain market share in the company’s focus categories, namely TV, digital imaging and audio products. (Pexels)
April 10th, 2017 - 10:56 GMT

Sony eyes 20 percent Middle East growth in 2017

That short walk during summer can become a tiring experience for UAE residents. (Pexels)
April 10th, 2017 - 10:30 GMT

An expat’s guide to prepare for the hot UAE summer

Feras Al Shaikh, Consumer Sales Director at Ooredoo
April 10th, 2017 - 10:14 GMT

Ooredoo brings Fast 8 ahead of the World Premiere for Shababiah Customers

Palestinians work at the office of Red Crow, a startup that monitors security developments and sends real-time alerts to clients. (AFP/Abbas Momani)
April 10th, 2017 - 10:12 GMT

Middle East’s startups raise over $1.4B funds: Report

Ericsson
April 10th, 2017 - 10:01 GMT

SaskTel selects Ericsson for next gen TV

Women are more likely to ignore security concerns than men, according to the survey. (Pexels)
April 10th, 2017 - 09:55 GMT

Women are the ‘daredevils’ of the digital age: Survey

UAE-based DP World wants to increase the capacity of Sokhna port in Egypt. (AFP/File)
April 10th, 2017 - 09:37 GMT

Dubai's DP World has big plans for Egyptian port

LPG cylinders
April 10th, 2017 - 09:35 GMT

ADNOC Distribution announces reduction of retail price of unsubsidised LPG for month of April

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