Latest news with #AhmedElimam
Zawya
27-05-2025
- Business
- Zawya
Oman's first quarter budget revenue down falls as oil income drops
Oman's overall budget revenue fell 7% year-on-year to 2.635 billion Omani rials ($6.85 billion) in the first quarter of 2025 as oil revenue dropped, Oman's state news agency reported on Tuesday, citing data from the finance ministry. Oil revenue for the OPEC+ member was down 13% at 1.468 billion rials in the first three months of the year, from 1.688 billion rials in the first quarter of 2024, with gas revenue down 2% to 436 million riyals. Public spending rose 4% to 2.771 billion rials from a year earlier, according to the state news agency. The sultanate's public debt eased to 14.3 billion rials from 15.3 billion rials. The finance ministry paid more than 304 million riyals in arrears to the private sector during the quater. ($1 = 0.3850 Omani rials) (Reporting by Menna Alaa El-Din and Tala Ramadan and Ahmed Elimam; Writing by Menna Alaa El-Din; Editing by Kirsten Donovan)
Zawya
26-05-2025
- Business
- Zawya
Gulf Cooperation Council, Malaysia agree to launch free trade talks, GCC says
The Gulf Cooperation Council countries agreed on Monday to launch free trade talks with Malaysia on the sidelines of the GCC-ASEAN Summit in Kuala Lumpur, the GCC said in a statement. (Reporting by Menna Alaa ElDin and Ahmed Elimam; Editing by Hugh Lawson)
Zawya
15-05-2025
- Business
- Zawya
Saudi Arabia issues tender to buy 655,000 metric tons of wheat, GFSA says
Saudi Arabia has issued a tender to buy 655,000 metric tons of wheat for the August to October 2025 shipment period, the General Food Security Authority (GFSA) said on Thursday. The deadline for submissions of price offers is Friday, May 16, and the results are expected on Monday, May 19, European traders said. Some 11 consignments of 12.5% protein wheat are sought to be sourced from optional origins, according to a tender the agency sent traders. The shipments will be distributed to different ports, with 240,000 tons to Jeddah for arrival between August 15 and October 15. About 240,000 tons was for shipment to Yanbu also for arrival between August 15 and October 15, 120,000 tons to Dammam for arrival between August 15 and September 30 and another 55,000 tons to Jizan for arrival in the first half of October, traders said. (Reporting by Ahmed Elimam and Michael Hogan; Editing by Jan Harvey and Savio D'Souza)
