Edition:
India

Davide Barbuscia

UPDATE 3-Oman raises $2 bln in first bond deal in over a year

21 Oct 2020

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 crisis.

MIDEAST DEBT-Oman's bond market return to test credibility of reform path

20 Oct 2020

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.

Oman, in talks for Gulf aid, plans three-part bond sale

19 Oct 2020

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.

COVID-19 may inflict a decade of economic pain to Mideast, Central Asia, IMF says

19 Oct 2020

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.

Analysis: Reform momentum of Oman's new ruler faces headwind of COVID-19 reality

14 Oct 2020

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.

Saudi Aramco and BlackRock, others, discussing deal worth over $10 billion: sources

13 Oct 2020

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.

Sole survivor? Saudi Aramco doubles down on oil to outlast rivals

07 Oct 2020

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

Arabtec collapse shakes foundations of Gulf construction business

07 Oct 2020

DUBAI Just over six years ago, Dubai-listed Arabtec Holding had investors eating out of its hands.

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