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- Saudi Arabia launches BAE Systems Arabian Industries to localize defense manufacturing
- Bahrain All Share Index, Islamic Index close lower
- Oman inflation contained despite global trade shocks
- Burgan Bank sponsors 'Bonds, Loans & Sukuk Middle East Conference' in Dubai
- NBK receives 4 prestigious awards from Euromoney Awards for Excellence in 2025
- Gulf Bank offers 14 tips to customers for travel season
- First LNG train from Qatar's North Field expansion to come online in mid-2026: Al-Kaabi
- GE Vernova announces $14.2bn initiatives to support Saudi energy transition
- Saudi Arabia Ranks Second in G20 for ICT Regulatory Progress
- Oman signs several agreements with Islamic Development Bank Group
22/05/2025 04:58 AST
The Sultanate of Oman today signed several agreements with the Islamic Development Bank (IsDB) Group to the tune ofOMR243 million to contribute to financing climate-resilient flood protection dam projects and their associated components.
The signing took place on the sidelines of the 50th Annual Meeting of the Islamic Development Bank Group's Board of Governors held in Algeria.
The agreements were signed by Sultan Salem Al Habsi, Minister of Finance, and Dr. Mohammed Sulaiman Al Jasser, Chairman of the Islamic Development Bank Group.
Al Habsi also signed a framework memorandum aimed at achieving strategic cooperation between the two parties and enhancing economic integration with the Islamic Development Bank Group and member states. The memorandum covers several areas of cooperation, including infrastructure development, supporting the private sector, and other fields such as roads, electricity, water, sanitation, tourism, manufacturing industries and industrial zones, in addition to human and institutional capacity building.
Times of Oman
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22/05/2025
Defense manufacturing is set to advance in Saudi Arabia with the launch of BAE Systems Arabian Industries, a new entity aimed at accelerating localization and strengthening the Kingdom's military ind
Arab News
22/05/2025
Inflationary pressures in Oman and across the GCC region remained contained during the first quarter of 2025, highlighting a broader regional trend of price stability amid global trade tensions.
Muscat Daily
22/05/2025
Qatar will more than double LNG production from current 77mn tonnes to 160mn including production from Golden Pass project in Texas, which will come online later this year, says Minister of State for
Gulf Times
22/05/2025
GE Vernova has announced initiatives worth up to $14.2 billion to accelerate Saudi Arabia's energy transition with US technology and expertise.
The initiatives were announced in the presenc
Trade Arabia
22/05/2025
Saudi Arabia has secured second place among G20 countries in the UN International Telecommunication Union's 2024 ICT Regulatory Tracker, marking a significant milestone in the Kingdom's efforts to mo
Asharq Al Awsat
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