MUSCAT / WAM Petroleum Development Oman (PDO) signed on Thursday a 1.2 $ billion contract to supply piping for its drilling operations through Duqm. The five-year deal with Japanese supplier Sumitomo further includes a new supply yard in the Duqm Special Economic Zone, which will be a logistics centre for materials being delivered to PDO’s drilling locations. The agreement ...

  Dubai / WAM National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investment company in the UAE, has announced that it registered a 50 percent increase in the number of female regular savers in 2016 in comparison with 2015. In addition, the cumulative savings within the company’s various programs grew by 43 percent last year. Currently, National Bonds ...

  Bloomberg Johnson & Johnson made its biggest deal ever in a bold bet that it can get more growth out of medicines for a rare type of high blood pressure. The $30 billion purchase of Swiss drugmaker Actelion Ltd., which J&J is funding with cash it holds outside the US, will fulfill its goal of gaining a new drug ...