INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Oman eases Eid lockdown, some curbs to remain to halt Covid

    • The Sultanate hopes the lockdown to have the same effect as the earlier one in bringing down the infection rate

    • The nighttime closure of commercial activities as well as restrictions on the movement of people and vehicles will remain in place

    Oman has eased its total lockdown of the country during the Eid holidays imposed in order to curb the spread of the Covid infection.

    The night-time closure of commercial activities as well as movement restrictions on people and vehicles will remain though in place. The Sultanate hopes the lockdown to have the same effect as the earlier one in lowering the rate of infection in the country. The much more transmissible form of coronavirus, the delta variant, has spread through the Middle East, and in many countries, strict measures have been taken to control the infection.

    Authorities earlier extended the evening ban on businesses and travel, from 5 p.m. until 4 a.m., until the end of the month as a precaution against the spread of coronavirus in the sultanate.

    Dr. Ahmed Mohammed Al-Sa’eedi, the health of Oman, earlier explained that previous lockdowns in the Sultanate have contributed to a considerable decline in COVID-19 cases.