Wednesday 27 May 2015
 
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Orpic borrows $910m from local, Gulf banks

State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) has taken out a RO350 million ($910 million), ten-year loan from local and regional banks, part of which will be used to fund expansion projects, the company said on Friday.

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Opex to promote Omani products in Jeddah

Omani Products Exhibition (Opex 2015) is set to kick-off in Saudi Arabia as part of a campaign to promote locally manufacture products abroad. The exhibition, which will run from May 18 to 21 at the Jeddah Centre for Forums and Ev

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Opex to promote Omani products in Jeddah

Omani Products Exhibition (Opex 2015) is set to kick-off in Saudi Arabia as part of a campaign to promote locally manufacture products abroad. The exhibition, which will run from May 18 to 21 at the Jeddah Centre for Forums and Ev

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Saudi cbank ‘would welcome insurance mergers’

Saudi Arabia's central bank would welcome mergers among local insurance companies as long as they were positive for all parties, central bank governor Fahad Al-Mubarak said on Thursday. A number of Saudi insurance firms have b

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Abu Dhabi encourages growth of local tourism entrepreneurs

Abu Dhabi’s tourism industry is being encouraged to consider wider engagement with local entrepreneurs to boost the value of the emirate’s tourism value chain. This is part of a new initiative introduced by Abu Dhabi Tourism

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Saudi mulls business visas without local sponsorship

Saudi Arabia’s Ministry of Foreign Affairs has been urged to consider issuing business visas to genuine businessmen without insisting on certificated of local sponsorship to visit the kingdom, according to a report. The Shur

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UAE set to lead in pharmaceutical industry

Global pharmaceutical companies are beginning to transfer knowledge to local manufacturing partners in the UAE, encouraged by supportive government policies and a strong regulatory framework. This is helping the Emirates’ to

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Kuwaiti fund to resume selling stakes in local firms

The Kuwait Investment Authority (KIA) has decided to resume selling stakes in major local companies to the public, planning to offer its stake in Kuwait Investment Co in the first half of next year, state news agency Kuna reported.

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Kazakh meat set for Bahrain’s local markets

Kazakh mutton could soon be set to appear in Bahrain's meat markets if a fact-finding mission sent to the central Asian country gives the trade its blessing. At present, the majority of Bahrain's live sheep imports come fr

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Eton Institute unveils Ramadan App

UAE-based Eton Institute has launched the Ramadan App, which is a mobile application filled with relevant information to guide both local and expat communities through the holy month.  

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