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The Saudi General Authority for Small and Medium Enterprises has signed a deal with King Abdullah Economic City (KAEC), the largest privately-funded new city in the world, to set up a SR75 million ($20 million) capital fund, reported local news agency SPA.
As per the agreement, the capital fund will be used to help fund entrepreneurs and owners of SMEs operating in KAEC in addition to generating more jobs at those facilities, it added.
New investment models will encourage optimal development in the oil and gas sector, Majid Jafar, CEO of Crescent Petroleum told OPEC ministers and industry leaders at the OPEC Seminar in Vienna last
UAE-listed companies, including some of the country’s biggest banks, have been asked to declare their exposure to embattled private equity firm Abraaj, which filed for provisional liquidation last we
Private deposits at commercial banks in the Sultanate at the end of the first quarter in 2018 witnessed a slight decline by 0.77 per cent to OMR12.47 billion, compared to OMR12.57 billion in the corr
Times of Oman
Foreign Direct Investment (FDI) in the Sultanate rose by 15 per cent, to OMR9.34 billion in 2017, from OMR8.09 billion in the fourth quarter in 2016.
Among various countries, the United Ki
Times of Oman
Khalifa Fund for Enterprise Development recently signed a Memorandum of Understanding with Majid Al Futtaim Hypermarkets as part of its efforts to support Khalifa Fund members and promote their entre