Oman
Oman govt withdraws customs duty on bank notes
MUSCAT: A new customs duty of 0.5 per cent on bank notes imported by exchange houses and banks was withdrawn...
Oman Oil Marketing Company announces ahlain rewards campaign
MUSCAT: Oman Oil Marketing Company (OOC) launched its new ‘ahlain Rewards Campaign’ across all its stores in the sultanate. Opened...
GCC countries to have common strategy to counter dumping: Minister
MUSCAT: A decision to introduce anti-dumping duties on foreign manufacturers to protect domestic industries will be taken at the GCC-level...
Oman Development Bank issues loans worth OMR272m
MUSCAT: Oman Development Bank, the Sultanate’s leading development bank, has issued 33,643 loans worth of OMR272 million, as funding for...
Mwasalat plans to boost bus frequency in Oman
MUSCAT: As part of strengthening public transport service in the country, the Sultanate’s state-owned transport company Mwasalat is all set...
Oman bans poultry imports from more countries
MUSCAT: After imposing ban on poultry imports from ten European nations as well as Japan and three Indian states in...
Oman Air signs MoU with Taiseer
MUSCAT: Oman Air has signed a MoU with Taiseer. The company acts as a local trading platform that aims to...
Oman issues treasury bills worth of OMR32.77m
MUSCAT: A tender of Government Treasury Bills, issue number 453, was held at the Central Bank of Oman (CBO). The...
GCC countries sign common VAT framework agreement
MUSCAT: All GCC countries have signed the much-delayed unified value added tax (VAT) framework agreement, a statement issued by the...
7 insurance firms in Oman to go public by August
MUSCAT: Oman’s stock market regulator Capital Market Authority (CMA) will not relax its stipulation that national insurance companies offer shares...
Oil prices up on prospect of new Iranian sanctions
MUSCAT: Better-than-expected job creation last month is supporting sentiment on this first Friday of February, and crude is being swept...
Oman’s future may be heavily impacted by fluctuating oil prices
MUSCAT: Oman's future could very be very heavily impacted by fluctuating oil prices. This continued to dominate news agenda in...
Oman oil company plans to invest $1b this year, says CEO
MUSCAT: A whopping investment of $1 billion is being planned by Oman’s state investment arm, Oman Oil Company, and its...
Ministry signs oil concession agreement to develop block 48 in Oman
MUSCAT: Oman’s Ministry of Oil and Gas on Tuesday signed an exploration and production sharing agreement with Oman Oil Company...
Shell accelerates drive to dispose assets worth $4.7b
MUSCAT: Royal Dutch Shell, looking to pare debt swollen by last year’s acquisition of BG Group, accelerated its drive to...
Omani listed firms expected to maintain dividends at OMR350m
MUSCAT: Companies listed on the Muscat Securities Market are expected to maintain total dividends for 2016 at the previous year’s...
Major Omani firms announce dividends
MUSCAT: The board of directors of BankDhofar has recommended a cash dividend of 13.5 per cent and a bonus share...
PDO boosts Duqm with $1.2b pipe supply contract
MUSCAT: Petroleum Development Oman (PDO) on Thursday signed a $1.2 billion contract to supply piping for its drilling operations through...
Royal Oman police arrests 12 on drugs charges
MASCAT: Twelve people have been arrested by the Royal Oman Police on charges of abuse and possession of drugs. The...
Oman plans daily oil output of 1m barrels this year
MASCAT: Oman plans to produce an average of one million barrels of crude oil per day this year, despite a...
