Oman
Personal loans of Oman banks register 10% growth
MUSCAT: Oman’s conventional banks have posted a robust 10.44 per cent growth in aggregate personal loans, or consumer loan portfolios,...
Oman issues tenders worth OMR15m
MUSCAT: A tender of Government Treasury Bills, issue number 565 was held at the Central Bank of Oman (CBO) this...
Oman’s OMR100m dairy project floats tender for building farm
MUSCAT: Mazoon Dairy Company, which plans to build a major dairy farm with a capital expenditure of OMR100 million to...
Cement shares surge ahead on hectic trading
MUSCAT: Shares of two cement companies in Oman surged ahead on the Muscat Securities Market (MSM), after both the companies...
Oman plans cost reflective power tariff for large consumers
MUSCAT: State-owned Public Authority for Electricity and Water (PAEW) said that it is working along with Authority for Electricity Regulation...
Oman raises OMR85m from treasury bills
MUSCAT: Oman’s central bank on Tuesday said that it raised OMR85 million by tendering government treasury bills. The treasury bills...
Omantel to pay 40% interim dividend
MUSCAT: Oman Telecommunications Company’s (Omantel’s) board has approved a proposal to distribute an interim dividend of 40 per cent of...
Orpic’s plastics complex to offer $1.5b in business to Omani firms
MUSCAT: As part of a major initiative to strengthen in-country value (ICV) while building mega projects, contractors handling $6.5 billion...
Credit to private sector in Oman rose 13.1%
MUSCAT: Credit to the private sector in the Sultanate of Oman increased by 13.1 per cent to OMR19.2 billion at...
Galfar order book position stands at OMR690 mln
MUSCAT: Galfar Engineering and Contracting Company, the Sultanate’s leading contracting firm, said that the order book position of its parent...
Oman’s conventional banks log 9% credit growth at OMR19b
MUSCAT: Oman’s conventional banks have achieved a robust 8.6 per cent year-on-year growth in credit disbursements, which stood at OMR19.4...
Oman says new refinery capacity to cut crude oil exports
MUSCAT: Oman's crude oil exports will drop by about 50,000 barrels per day when new refining capacity comes onstream in...
Omani firms postponing share sale amid slackness in secondary market
MUSCAT: Omani companies are shying away from entering the primary market for raising funds from the investing public, mainly due...
Oil majors’ debt burden double to $138 bln on oil price drop
MUSCAT: When commodity prices crashed in late 2014, oil executives could look at their mining counterparts with a sense of...
Oman’s annual fishing output exceeds 63 tons per boat
MUSCAT: The Sultanate's annual fish landings by way of traditional fishing methods stands at an average 63.37 tonnes of fish...
Muscat bourse falls amid thin volumes
MUSCAT: Amid very low trading volumes, the MSM 30 Index declined by 0.14 per cent to close at 5,848.21 points....
28 companies in Oman agree to pay higher wages to nationals
MUSCAT: Omani nationals working in 28 companies based in Dhofar are expected to benefit from an increase in the minimum...
Contract for Oman’s wind power project by next month
MUSCAT: A contract to build the Sultanate’s first large-scale wind-based renewable power project is expected to be signed by next...
Regular petrol production in Oman increases by 175%
MUSCAT: Oman's regular petrol (M90) production increased 175 per cent in the first half of the current year to reach...
BankDhofar posts 16% rise in H1 net profit
MUSCAT: BankDhofar continues its significant growth in all areas during the first half of 2016, with the total assets improving...
