EconomyTop StoriesOman’s economy to grow by 2.2% in 2021:IIFGBO CorrespondentOctober 18, 2021 GBO CorrespondentOctober 18, 202101522 IIF mentioned they expect fiscal deficit to narrow to 2.3% of GDP in 2021 and 1.3% in 2022
Oil and GasTop StoriesOil prices hit their highest levels since 2014 as demand recoversGBO CorrespondentOctober 18, 2021 GBO CorrespondentOctober 18, 202101132 Brent crude oil futures rose 87 cents, or 1%, to $85.73/ barrel on Monday
AviationTop StoriesSingapore Airlines to scale up its flight operations to and from AustraliaGBO CorrespondentOctober 18, 2021 GBO CorrespondentOctober 18, 202101143 The airline also announced it will bring back A380s
FinanceTop StoriesSaudi Fransi Leasing paves innovative leasing services in Saudi ArabiaGBO CorrespondentOctober 15, 2021 GBO CorrespondentOctober 15, 202102019 The increased use of technology and internet has helped the Saudi car rental industry grow and is projected to reach $2490 mn by 2026
EconomyTop StoriesDubai’s property market undervalued, UBS report saysGBO CorrespondentOctober 15, 2021 GBO CorrespondentOctober 15, 202101473 Increased oil prices and the economic rebound has supported the country’s recovery
InsuranceTop StoriesInsurTech startup Surer raises $1 mn funding to invest in its tech teamGBO CorrespondentOctober 15, 2021 GBO CorrespondentOctober 15, 202101260 The funding round is provided by Kisfetos
LogisticsTop StoriesESR-Reit and ARA Logos mulls merger with a $1.4 bn dealGBO CorrespondentOctober 15, 2021 GBO CorrespondentOctober 15, 202101325 Through this merger, ESR Reit will acquire all of ARA Logo’s unit
AviationTop StoriesAerolineas Argentina resumes international operations after more than a yearGBO CorrespondentOctober 14, 2021 GBO CorrespondentOctober 14, 202101289 In November, the carrier will add frequencies to ten international destinations
FintechTop StoriesEricsson ties up with Mobily to provide financial services in Saudi ArabiaGBO CorrespondentOctober 14, 2021 GBO CorrespondentOctober 14, 202101274 The Swedish company aims to increase Saudi Arabia’s cashless payments to 70% by 2030
Ports and ShippingTop StoriesMaersk diverts big ships from the UK ports as Felixstowe fills upGBO CorrespondentOctober 13, 2021October 13, 2021 GBO CorrespondentOctober 13, 2021October 13, 202101654 The company is already rerouting its ships away from Felixstowe which handles 36 percent of the container freight