First Abu Dhabi Bank (FAB) has successfully issued a 5-year USD 600 million bond at US Treasury +95bps which resulted in an all-in yield of 4.774%.This issuance marks the first Green bond issued by a MENA Financial Institution in 2023. FAB has set a n…
Day: June 1, 2023
Memoranda Inked for Developing Ain Al Kasfa Project
Falha Investment Company today signed four memorandums of understanding (MoUs) to develop Ain Al Kasfa project in the Wilayat of Al Rustaq, South Al Batinah Governorate.The four companies that signed the MoUs were: Le Furo Tokyo Company (which special…
Oman Oil Price Drops 1.03 US Dollar
Oman oil price (August delivery) today reached 71.19 US Dollars, comprising a drop by 1.03 US Dollar.The average price of Oman oil (June delivery) has stabilized at 83.28 US Dollars per barrel, thus 4.79 US Dollars per barrel lower than May delivery 2…
HM The Sultan Issues Royal Decree on Conducting Military Promotions
His Majesty Sultan Haitham bin Tarik today issued a Royal Decree No. 34/2023 on conducting military promotions, reading as follows:Article (1) promotes Brigadier Abdulaziz Abdullah Badr Al Manthri and Brigadier Sultan Mohammed Nassir Al Ma’amari to th…
Oman Participates in Terengganu International Summit in Malaysia on Comprehensiveness of Islam
The Sultanate of Oman, represented by the Ministry of Endowments and Religious Affairs, took part today in the Terengganu International Summit 2023 on the comprehensiveness of Islam. The summit, held in the city of Kuala Lumpur, Malaysia, saw a large …
Labour Ministry Launches Initiative to Explore AI Roles in Government Settings
The Ministry of Labour today announced an initiative for exploring the roles of artificial intelligence in government departments. The initiative is aimed at utilizing the tools developed for this technology in various institutional applications that …
Kuwait FM receives credentials of Luxembourg Amb. in Kuwait
Kuwaiti Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah on Thursday received the credentials of Luxembourg’s Ambassador in Kuwait Robert Lauer.This came during the meeting held at the Foreign Ministry, with Sheikh Salem Al-Sabah wishing the ne…