DUBAI, Oct 21 Oman sold $2 billion on Wednesday
in its first international bond sale since July 2019 in a
two-part debt offer as the small Gulf oil producer seeks to fill
state coffers squeezed by low oil prices and the coronavirus
DUBAI/LONDON, Oct 20 Oman's return to the
international bond market this week will be a test of its
ability to convince investors that long-awaited fiscal reforms
have started to put it on a sustainable financial footing.
DUBAI Oman is planning its first international bond sale of the year and has started discussions with some Gulf countries for financial support, documents showed on Monday, as it seeks to shore up its fragile finances.
DUBAI It might take countries in the Middle East and Central Asia a decade to return to the economic growth seen before the coronavirus crisis, the International Monetary Fund said, as long-standing regional vulnerabilities weigh on their recovery.
DUBAI Oman's ruler has moved to overhaul the Gulf Arab state's creaking finances since taking power this year but the coronavirus crisis is likely to delay deeper reforms needed to shore up the economy at a time of low oil prices.
DUBAI Saudi Aramco is in talks with BlackRock and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources said.
DUBAI/RIYADH The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come. | Video
DUBAI Just over six years ago, Dubai-listed Arabtec Holding had investors eating out of its hands.