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Posts tagged Oman

Libya and Oman Create Joint Company

Libya and Oman signed an ‘act of partnership’ to form the Libyan-Omani Company of Investment. This company has a capital of 500 million dollars, according to Al Arab Online.
The company will hold its office in Tripoli and will focus on working in “economic sectors like tourism, industry, services and energy.” For the future, there is [...]

GCC Finance Ministers OK Proposals to Set up Monetary Council

Arab News reported that on September 17, finance ministers of the Gulf Cooperation Council (GCC) met in Jeddah and approved proposals for a monetary council. Representatives from Saudi Arabia, Bahrain, Qatar, Oman, Kuwait and the United Arab Emirates hope to utilize a single currency by 2010. Their oil-fueled economies have offered a safeguard [...]