Emirates Business Oman’s continued growth as a tourism destination is set to receive another boost as The Oman Tourism Development Company (Omran) is on track to deliver three new hotels, providing more than 900 additional rooms, in 2017/18. The hotels include the five-star W hotel currently under construction alongside the expansion of the Royal Opera House in the heart ...

  Reuters Italian oil major Eni, oil services group Saipem and former Eni CEO Paolo Scaroni have been ordered by an Italian judge to stand trial in an Algerian corruption case. The long-running case revolves around allegations Saipem paid intermediaries around 198 million euros ($218 million) to bag contracts worth 8 billion euros with Algeria’s state-owned Sonatrach. Saipem has previously ...

  Riyadh / Emirates Business JLL, the world’s leading real estate investment and advisory firm, has released its Q2 2016 Riyadh and Jeddah Real Estate Overview reports assessing the latest trends in the office, residential, retail and hotel sectors. With Saudi Vision 2030 pivotal to the diversification and restructuring of the economy in lieu of decreasing oil prices, this report ...