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Casino grows in Middle East with Qatar hypermarket deal

Casino has signed a franchise deal with the Al Meera Consumer Goods Company to develop Geant hypermarkets in Qatar and Oman as part of the French retailer's bid to boost its presence in fast-growing regions.

December 15, 2011 3:33
 

Oman to subsidise food staples to offset inflation

Oman's government has approved plans to subsidise food staples to offset inflation, a government official at the Gulf sultanate's trade ministry said on Tuesday.

December 14, 2011 10:59
 

Oman stress-tests banks to limit Euro crisis impact

Oman has started implementing stress tests in its banking sector to limit the impact of the euro zone crisis and a feared global recession, a senior central bank official said on Sunday.

December 11, 2011 6:20
 

Oman to raze protest roundabout

Oman will raze a roundabout that became a hub for protesters earlier this year in the city of Sohar, where two people were killed during unrest in the Gulf Arab sultanate, al-Shabiba newspaper reported on Monday.

December 6, 2011 11:45
 

Friendi eyes IPO Saudi licence

Dubai group Friendi plans an initial public offering within two years, the mobile virtual network operator's chief executive told Reuters on Monday.

December 6, 2011 10:17
 
Arab Spring a boon to Oman tourism

Arab Spring a boon to Oman tourism

Tour operators are registering a record number of visitors to Oman during the holiday season as the Sultanate becomes an alternative vacation destination.

December 4, 2011 5:08
 

Oman plans $3.1B deficit in 2012 draft budget

Oman set its 2012 draft budget with a deficit of 1.2 billion rials ($3.1 billion) and expenditures of 10 billion rials, higher than planned for 2011, a finance ministry official said on Wednesday.

November 23, 2011 10:49
 

Gulf banks safe from Euro woes – Oman central bank gov

Gulf states should be largely unaffected by the euro zone debt crisis as their banks have minimal exposure to the bloc's debt, the head of Oman's central bank said on Friday, though he warned that they would not be immune to a broader global slowdown.

November 19, 2011 1:32
 

UAE’s Etihad Rail to Award phase 3 contracts by Q3 2012

Etihad Rail, the developer of a railway network in the United Arab Emirates, will launch the second phase of its $11 billion project in a "few weeks" with contracts to be awarded by the third quarter next year, its chief executive said on Tuesday.

November 16, 2011 2:03
 

Omantel Q3 Net Profit rises 25 percent

Q3 net profit 28 mln rials vs 22.4 mln rials a year ago; Q3 revenue 109.9 mln mln rials vs 97.4 mln rials

November 13, 2011 11:07
 
Is this the end of Middle East monarchy?

Is this the end of Middle East monarchy?

It’s a matter of time before every citizens in Middle East rally for constitutional reform. How close we are to this change may not be up to the rulers.

November 9, 2011 1:01
 

Oman may issue sukuk

Oman may in future consider issuing Islamic bonds or sukuk, the country's central bank head Hamood Sangour al-Zadjali said on Monday.

October 31, 2011 10:47
 

Oman telco Nawras to reduce capital spend and costs

Capital expenditure to fall from 2012 as network built out; Q3 net profit 13.5 mln rials vs 12.5 mln rials a year ago; Subscriber numbers fall 3.6 pct year-on-year

October 27, 2011 2:04
 

Abu Dhabi housing inflation slows to 1 percent

Abu Dhabi September CPI 1 percent year-on-year versus 1.6 percent year-on-year in August; Food prices edge up, housing and transport costs ease; Dubai inflation 0.6 percent year-on-year up to Q3 2011

October 15, 2011 4:17
 

Abu Dhabi housing inflation slows to 1 percent

Abu Dhabi September CPI 1 percent year-on-year versus 1.6 percent year-on-year in August; Food prices edge up, housing and transport costs ease; Dubai inflation 0.6 percent year-on-year up to Q3 2011

October 15, 2011 4:16
 
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