Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Rafal to develop 4 hotels in Riyadh, Tilal Khuzam units accessible from $1,867 monthly: CEO
- Nasdaq tumbles on renewed angst over AI building boom
- Kuwait Airways, Sri Lankan Airlines strengthen codeshare agreement to expand travel
- Bahrain All Share Index, Islamic Index close higher
- Trump vows economic boom, blames Biden in address to nation
- Landmark India-Oman economic pact set to transform bilateral trade
- Ajman Bank launches digital extension scheme to boost smart services
- Tecom Group launches Dh615 million Innovation Hub Phase 4 in Dubai Internet City
- Global M&A deals hit $4.8bn on strong tech and AI deals
- Kuwait to award $3.9bn EPC contract for Al Kabeer Port Phase I
07/05/2025 01:11 AST
The Oman Investment Authority signed a preliminary agreement with Algeria's Finance Ministry to establish an investment fund worth 115 million Omani riyals ($298.79 million).
The fund, announced by the sultanate's sovereign wealth fund, will focus on mining, food security and pharmaceutical industries, according to a statement by the OIA.
The agreement was signed on the sidelines of an official visit by Oman's Sultan Haitham bin Tariq Al-Said to the North African country.
Several agreements were signed during the visit, including a term sheet between Algeria's state oil and gas firm Sonatrach and Oman's oil and gas drilling services firm Abraj Energy Services to evaluate setting up a joint venture for oil services.
The term sheet outlines the technical, legal and economic and commercial conditions to evaluate establishing an oil services joint venture company in Algeria between the two companies, Sonatrach said in a statement on Monday.
The joint venture will focus on drilling, well services and management of integrated projects in the Algerian market, according to the statement.
Reuters
| Ticker | Price | Volume |
|---|
19/12/2025
Rafal Real Estate Development Co, a Saudi developer, plans to advance its expansion strategy, with investments in Riyadh reaching about SR6.5 billion ($1.73 billion) by 2025.
The company aim
Arab News
19/12/2025
The Saudi government's Absher digital services platform generates more than SR20 billion ($5.3 billion) in annual economic impact, highlighting the scale of savings created by the Kingdom's transitio
Arab News
19/12/2025
India and Oman have formally entered into a Comprehensive Economic Partnership Agreement (CEPA), marking a historic milestone in their strategic and economic relations. Signed under the guidance of P
Muscat Daily
19/12/2025
Work will soon start on the Mubarak Al Kabeer Port development in Kuwait following the approval from the State Audit Bureau allocating funds worth KD1.2 billion ($3.9 billion) to carry out engineerin
Trade Arabia
19/12/2025
The total value of Bahrain's non-oil exports (national origin) increased to BD317 million ($836 million) over the last year's figures of BD316 million ($833 million), according to a report by Informa
Trade Arabia
Financial Information Co.
Saudi Arabia