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- Oman's central bank issues treasury bills worth OMR8mn
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02/09/2025 03:52 AST
The Pakistan government has approved the transfer of management of Islamabad International Airport to the UAE.
Senator Muhammad Ishaq Dar, deputy prime minister and foreign minister of Pakistan, chaired a meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) to deliberate transfer of operations of Islamabad airport to the UAE.
The meeting was attended by Tariq Bajwa, minister of petroleum and advisor on privatisation, special assistant to the prime minister, as well as federal secretaries and senior officials from relevant ministries.
The committee decided to finalise arrangements with the UAE government through a G2G (government-to-government) model for the transfer of operations of Islamabad International Airport under a framework agreement.
A negotiation committee will be headed by the prime minister's advisor on privatisation and will include representatives from the ministries of defence, finance, law and justice, and privatisation.
The privatisation of the Islamabad airport is aimed at attracting foreign investment in the South Asian country and enhancing its operational efficiency.
Opened in 2018, the capital's airport experienced many operational and financial difficulties. The takeover by the UAE, which is home to some of the world's largest airports, will enhance the Islamabad International Airport's efficiency and operational performance.
Khaleej Times
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02/09/2025
Oman's central bank raised OMR8 million by way of allotting treasury bills on Monday. The value of the allotted treasury bills are for a maturity period of 91 days. The average accepted price reached
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Saudi Arabia is set to see lifestyle retail space in Riyadh and Jeddah expand by almost 600,000 sq. meters to 1.31 million sq. meters by 2027, reinforcing its global shopping destination ambitions.
Trade Arabia
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