Financial and Banking News
Oman And UAE Form Joint Investment Company
Oman and the UAE formed a joint investment company with an authorized capitalof OR30mn ($76mn), the Omani news agency announced on 2 May. An agreementforming the company was signed in Muscat by Oman's Minister of Commerce andIndustry, Mr. Maqbul ibn 'Ali Sultan, and the UAE's Minister of Economy andCommerce, Mr. Sa'id Ghobash. Each government will hold 30% of the company,...