Saudi Arabia's General Authority of Civil Aviation (GACA) plans to launch a new airline - Al-Maha Airways - in July as part of its big expansion strategy, said a report.
The GACA also aims to convert all regional airports in t
Boursa Kuwait has officially assumed responsibility for the management of the Kuwait Stock Exchange’s (KSE) operations, it announced today.
The hand-over follows the implementation of a detailed operational plan and strategic road
Kuwaiti Finance Minister Anas Al-Saleh told a press conference on Monday that the country would seek to privatise some state-owned projects, including airports, ports and some facilities of the Kuwait Petroleum Corporation (KPC).
Bahraini MPs want to fully privatise some of the country’s biggest companies in which the government has a stake, pumping billions of dinars into public sector coffers. Parliament yesterday (January 26) proposed an initial 30 per cent ca
Oman will privatise three state-owned companies next year, Finance Minister Darwish al-Balushi told Reuters on Thursday, declining to give further details.
Gulf governments are expected to consider privatising state assets as they
A proposal to privatise Bahrain’s national carrier Gulf Air is now under review by the kingdom’s parliament.
Five MPs submitted a plan yesterday (April 22) to float Bahrain's national carrier on the stock exchange
Oman plans to release in January a list of state companies which it aims to privatise, Minister for Financial Affairs Darwish Al-Balushi was quoted as saying by state news agency ONA.
"We are a few months away from the announ
Iraq is looking to gradually privatise its oil refineries and to attract investment in new plants around the country to meet the fast rising domestic demand for fuel, its deputy oil minister said on Tuesday.
Baghdad, which is boosting its
Bahrain plans to privatise national carrier Gulf Air as soon as possible encouraged by positive results in its restructuring, a senior government official said in remarks published on Sunday.
The loss-making carrier could return to profit
Iran plans to privatise 47 firms in its energy sector worth $90 billion and set up a holding company for these assets which it will list on four international exchanges, a National Iranian Oil Company (NIOC) executive said.
The plan would