2020-01-06 10:25:00
OIL & GAS OMAN'S INVESTMENT $30 BLN
MEOG - Foreign direct investments (FDI) into Oman jumped to $30.26bn (RO11.65bn) in Q2 2019, up 13.3% from the same period in 2018, when it got $26.7bn (RO10.29bn) in FDI, according to the National Centre for Statistics and Information. Investment into manufacturing reached $4.15bn (RO1.6bn) in Q2 2019, according to Oman News Agency.
Upstream activity accounted for more than half of the FDI volume in Q2 2019, at $17.14bn (RO6.6bn). The UK brought in $14.67bn (RO5.65bn) of investments into the sultanate, followed by the UAE with $2.96bn (RO1.14bn), the US with $2.32bn (RO897mn), Kuwait with $2.16bn (RO831.3mn), and China with $1.26bn (RO 486.2mn).
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Earlier:
2019, December, 20, 10:05:00
UAE RENEWABLE INVESTMENT: $12 BLN
Dr. Nawal Al Hosany, Permanent Representative of the UAE to the International Renewable Energy Agency, IRENA, has said that the UAE’s contributions to the renewable energy sector have made it a model to follow, with investments worth US$12 billion covering 49 renewable energy projects across 25 countries, producing some 4GW of energy supplies to communities.
2019, December, 18, 12:25:00
ARAMCO'S INVESTMENT FOR HYUNDAI $1.2 BLN
Saudi Arabian Oil Company (Saudi Aramco) has completed, through its subsidiary Aramco Overseas Company B.V. (AOC), the acquisition of 17% of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately US$1.2 Billion. The completion follows receipt of all necessary regulatory consents and approvals.
2019, December, 16, 13:25:00
UAE, EGYPT RELATIONS
Commenting on the strategic cooperation between ECI and ECGE, Massimo Falcioni, CEO of ECI, said, "Taking into account the very strong non-oil trade relations between Egypt and the United Arab Emirates, this agreement will pave the way for the identification and development of more business opportunities. ECI’s partnership with ECGC will not only reinforce the existing partnership between the two countries but will also boost the regional and global competitiveness of local businesses."
2019, December, 4, 11:35:00
UAE, SUDAN INVESTMENTS
Al Mazrouei led a UAE economic delegation comprised of government and private sectors' officials in a two-day visit to Sudan where they explored paths of cementing bilateral relations in areas of trade, investment, energy, mining, electricity, infrastructure and agriculture.
