Oman is opening its doors for foreign investment through several laws including 100 per cent ownership of companies by foreigners, a senior Omani government official said. The country also plans to privatise several service sectors, including postal services.
Read MorePostal and telecommunication services are to be privatised ‘soon’, a deputy PTT minister said
Read MoreIn 2001, TNT Express recorded a year-on-year revenue growth of 19 percent in UAE revenue and forecasts a 17 percent revenue growth in the region this year.
Read MoreA Ministry of Communications team is recommending to Minister of Communications Reuven Rivlin the immediate opening of the registered mail field to competition. A final decision is expected in the coming days. The Postal Authority opposes the measure. If registered mail is opened to competition, the Postal Authority will retain its monopoly in regular and bulk mail.
Read MoreExpress courier company DHL International said on Wednesday it would invest $10 million in Gulf Arab states this year to enhance its operations. DHL Area Director Philip Couchman said the firm would invest $4 million in Saudi Arabia while the rest would be invested in Bahrain and the United Arab Emirates (UAE).
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