Oman
Al Omaniya Financial shareholders approve dividend proposal
MUSCAT: Shareholders of Al Omaniya Financial Services have approved a proposal to pay a 25 per cent dividendconstituting a 17...
Oil prices climb on expectation of extending crude oil supply cut
MUSCAT: Oil prices climbed on Tuesday, helped by expectations that an Opec-led output cut would be extended beyond June but...
Central Bank of Oman to raise capital to OMR1b
MUSCAT: Oman’s central bank has decided to raise its capital to OMR1 billion from OMR760 million with effect from April...
Non-Opec producers deliver 64% of pledged oil output cuts in Feb
MUSCAT: Eleven non-Opec oil producers that joined a global deal to reduce output to boost prices delivered 64 per cent...
IMF urges G20 cooperation to preserve trade, reduce imbalance
MUSCAT: The International Monetary Fund (IMF) on Tuesday called on the Group of 20 major economies to work together to...
Foreign investors offload shares on Muscat bourse
MUSCAT: Foreign investors are offloading shares on the Muscat Securities Market (MSM) as net selling of non-Omani investors has touched...
Oman’s crude production falls marginally to 27m barrels in February
MUSCAT: Oman produced 27.16 million barrels of crude oil in February, equivalent to 970,000 barrels per day, according to a...
Toymaker Lego’s sales growth slowed to 6% in 2016
MUSCAT: Growth at Denmark's Lego slowed to just six percent in 2016 from more than 25 percent the previous year,...
Salalah Methanol seeks $720m loan from banks
MUSCAT: Oman’s Salalah Methanol Co. has asked banks for a $720 million syndicated loan that the state-run petrochemical company would...
Trump travel ban hits expats in Oman
MUSCAT: Donald Trump’s new travel ban order is “stupid,” “annoying” and has left Oman residents from banned countries anxious. The...
Cigarettes and alcohol to cost more at airports in Oman
MUSCAT: Cigarettes and alcohol will cost more at airports in Oman as Royal Oman Police (ROP) has amended its customs...
Real estate transactions in Oman decline to OMR235m in January
MUSCAT: The Sultanate witnessed a 36.8 per cent fall in the traded value of real estate properties in January 2017...
Bank Muscat’s Meethaq gets approval for OMR100m Sukuk issue
MUSCAT: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has received the initial approval from the Capital...
Oman’s business environment gets major boost from e-services
MUSCAT: One of the major developments for prospective foreign investors in Oman last year was the removal in October of...
Oman announces fuel prices for March
MUSCAT: Fuel prices for March have been announced by the Ministry of Oil and Gas. M95 will cost 198 baisas...
Rise in corporate tax to hit net profits, dividends of listed firms
MUSCAT: An increase in corporate income tax from 12 per cent to 15 per cent will adversely affect the net...
Omani banks achieve 8% growth in personal loan portfolio
MUSCAT: Oman’s conventional banks have achieved a 7.69 per cent year-on-year growth in aggregate personal loan or consumer loan portfolio,...
Oman oil price rises 30%
MUSCAT: Dubai Mercantile Exchange (DME) said that Oman oil price (April delivery) reached 55.66 US dollars. The DME statement on...
Oman’s vehicle registrations fall 19.5% in January
MUSCAT: Oman’s total vehicle registrations fell by 19.5 per cent to 6,935 in January this year, against 8,612 units for...
Oman set to announce dollar bond issue this week
MUSCAT: Government of Oman is expected to announce the launch of a new US dollar bond issue this week as...
