IHC Food Holding acquires controlling stakes in Abu Dhabi Vegetable Oil Company

IHC Food Holding, a subsidiary of International Holding Company (IHC), has acquired 75 per cent of Abu Dhabi Vegetable Oil Company (ADVOC), IHC has announced, Zawya reports. The conglomerate did not provide details on the operation but indicated that the Read more

Oman to organize first IPO in three years as Barka Desalination Co. plans to float 40 per cent of shares

Oman will stage its first Initial Public Offering (IPO) in three years with Barka Desalination Company (BDC), owner of Oman’s largest operating water desalination plant Barka IWP getting ready to sell 40 per cent of its shares. The 40 per Read more

Arab Gulf Countries Reaffirm Steadfast Support to Moroccanness of Sahara

Gulf Cooperation Council (GCC) leaders have reiterated their unwavering support to Morocco’s territorial integrity and sovereignty over its entire Sahara territory. In their joint statement issued Tuesday following the 42nd Session of the GCC Supreme Council held in Riyadh, the Read more