For full coverage of Middle East business, see MEED The Kurdistan Regional Government (KRG) of Iraq is developing a proxy means test (PMT) to target subsidies and benefits as it acts to cut spending and reduce the number of people on…
Day: June 3, 2016
Dubai Investments seeks $300m loan
For full coverage of Middle East business, see MEED Dubai Investments chief executive Khalid bin Kalban said yesterday that the conglomerate is in talks with banks for a $300m loan that would go towards financing its Mirdif Hills project in…
Qatar Airways cancels Airbus A320 neo order
For full coverage of Middle East business, see MEED Qatar Airways chief executive Akbar al-Baker said today that the Qatari national carrier has cancelled its first Airbus A320neo jet and remains at an impasse with the European planemaker over delays…
Saudi ministries get Vision deadline
For full coverage of Middle East business, see MEED Saudi government departments and executive agencies have been given two weeks to remove “obstacles” to the delivery of the kingdom’s Vision 2030 unveiled in April by Crown Prince Mohammed bin Salman,…
Oman to raise $3.4bn through PDO, considers bond
For full Middle East business coverage, see MEED The Omani government is seeking to raise a loan of about $3.4 billion via state-owned Petroleum Development Oman (PDO) and is considering selling international bonds, Bloomberg reported yesterday. The company, which is…