Saudi Recruiter Said to Plan Share Sale as Early as Next Week - Bloomberg:
Saudi Arabia’s Maharah Human Resources is seeking to raise more than $200 million in an initial public offering that’s likely to start next week, according to people familiar with the matter.
Maharah plans to offer 30 percent of its existing share capital to investors through a listing on the kingdom’s stock exchange, the people said, asking not to be identified because the matter is private. The offering will be open to both institutional and retail investors, the people said.
Saturday 20 April 2019
S&P cuts outlook on #Oman to negative | ZAWYA MENA Edition
S&P cuts outlook on Oman to negative | ZAWYA MENA Edition:
S&P Global Ratings said on Friday it cut its outlook on Oman to negative from stable while affirming its 'BB/B' long- and short-term foreign and local currency sovereign credit ratings on the country.
"The negative outlook reflects the risk that in the absence of substantial fiscal measures to curtail the government deficit, or a more favorable external environment, fiscal and external buffers will continue to erode", the ratings agency said.
S&P Global Ratings said on Friday it cut its outlook on Oman to negative from stable while affirming its 'BB/B' long- and short-term foreign and local currency sovereign credit ratings on the country.
"The negative outlook reflects the risk that in the absence of substantial fiscal measures to curtail the government deficit, or a more favorable external environment, fiscal and external buffers will continue to erode", the ratings agency said.
Italy's Eni signs exploration and production deal with Ras Al Khaimah | ZAWYA MENA Edition
Italy's Eni signs exploration and production deal with Ras Al Khaimah | ZAWYA MENA Edition:
Eni has signed an exploration and production sharing agreement with the emirate of Ras Al Khaimah, the Italian oil company's latest expansion in the Middle East.
The agreement covers Block A offshore Ras Al Khaimah, one of the seven United Arab Emirates (UAE).
It was signed between Eni and the emirate's RAK Petroleum Authority, Eni said in a statement on Thursday.
Eni has signed an exploration and production sharing agreement with the emirate of Ras Al Khaimah, the Italian oil company's latest expansion in the Middle East.
The agreement covers Block A offshore Ras Al Khaimah, one of the seven United Arab Emirates (UAE).
It was signed between Eni and the emirate's RAK Petroleum Authority, Eni said in a statement on Thursday.
Iraq to host regional rivals #Iran and #SaudiArabia at conference - Reuters
Iraq to host regional rivals Iran and Saudi Arabia at conference - Reuters:
Iraq will host senior parliamentary officials from arch-rivals Saudi Arabia and Iran on Saturday as Prime Minister Adel Abdul Mahdi seeks to bolster his country’s nascent role as a mediator in the region.
Delegations including the heads of parliament from Turkey, Kuwait, Syria and Jordan will also attend the one-day conference in the Iraqi capital to discuss regional security, diplomacy and economic issues.
Abdul Mahdi recently returned from visits to Iran and Saudi Arabia, both oil-super-powers that have long been vying for dominance in the Middle East. It is unusual for Saudi and Iranian officials to attend the same events.
Iraq will host senior parliamentary officials from arch-rivals Saudi Arabia and Iran on Saturday as Prime Minister Adel Abdul Mahdi seeks to bolster his country’s nascent role as a mediator in the region.
Delegations including the heads of parliament from Turkey, Kuwait, Syria and Jordan will also attend the one-day conference in the Iraqi capital to discuss regional security, diplomacy and economic issues.
Abdul Mahdi recently returned from visits to Iran and Saudi Arabia, both oil-super-powers that have long been vying for dominance in the Middle East. It is unusual for Saudi and Iranian officials to attend the same events.
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