Riyadh / TNS In the context of the drop in oil prices, which has caused a level of disruption and re-prioritization of development agendas in Saudi Arabia and across the GCC, there is a move on the part of regional governments to look at new models for national revenue through economic diversification planning. On its part, Saudi Arabia has …

  Jeddah / TNS The Ministry of Housing has launched Etmam e-portal to develop the real estate sector and facilitate its procedures. The e-portal is also aimed at creating an attractive opportunity to increase the volume of investments in the sector from within and outside the Kingdom in a manner that will accelerate the pace of work in housing projects. …

  Bloomberg DNO ASA, the oil explorer focused on Iraq’s Kurdistan, offered to pay $300 million for regional peer Gulf Keystone Petroleum Ltd., which just completed a debt-restructuring deal with bondholders. DNO’s cash and share offer represents a 20 percent premium to the price of 1.09 cents at which Gulf Keystone proposed issuing shares to bondholders on July 14, the …