Oman
Petrol price hike fuels frustration at pumps in Oman
MUSCAT: Filling stations reported a staggering 50 per cent rise in sales on Tuesday as thousands of frustrated motorists battled...
Oman an attractive destination to set up business
MUSCAT: Oman’s investment incentives, ease in doing business and global logistics connectivity make it one of the best countries to...
Oman plans to tender five oil blocks for development in Oct
MUSCAT: Oman government plans to start tendering of around five oil blocks sometime in October this year, a senior official...
Sukuk market to witness better activity in Oman
MUSCAT: Several Omani private firms are keen to raise funds by way of sukuk or Islamic bond issues, after Mohammed...
Takaful insurance in Oman grows by 64%
MUSCAT: Islamic insurance, which is popularly known as takaful insurance, is gaining popularity in Oman with the players achieving a...
Oman Chamber of Commerce delegation on a visit to Belarus
MINSK: A delegation of the Chamber of Commerce and Industry of Oman led by Chairman of the Chamber Saeed Al...
Oman parliament votes to raise taxes in three industries
MUSCAT: Oman's parliament voted on Thursday to sharply raise taxes on the petrochemical industry, non-oil natural resources and liquefied natural...
Siemens helps Oman save 31% of gas in power generation
MUSCAT: Siemens Technology has helped Oman save 31 per cent of gas in power generation, a senior company official said....
Salalah port adds new shipping line
MUSCAT: Salalah Port in the Governorate of Dhofar added a new main shipping line with the launch of New Falcon...
ASAAS forms construction arm; to start with OMR15m hotel project
MUSCAT: A new company for construction management called ‘Kayan’ was formed by the Muscat National Development and Investment Company (ASAAS)....
Central Bank of Oman issues treasury bills worth OMR41m
MUSCAT: A tender of Government Treasury Bills, issue number 008, was held at the Central Bank of Oman (CBO) this...
Major steel plant proposal in Oman put on hold
MUSCAT: A plan to build a 2.5 million-tonne per annum steel plant in Sur has been put on hold, in...
Iran plans to export oil from sea of Oman
TEHRAN: First Vice President Eshaq Jahangiri called for export of some parts of Iran’s petroleum abroad through Sea of Oman...
Private deposits at commercial banks in Oman rise 3.3%
MUSCAT: Private deposits at commercial banks in Oman rose 3.3 per cent to OMR12.01 billion at the end of March...
Listed firms in Oman allocate OMR4.4m in corporate social responsibility projects
MUSCAT: As much as OMR4.4 million has been allocated by listed companies on the Muscat Securities Market for their corporate...
Tanmia acquires 30% stake in Bauer Nimr
MUSCAT: A shareholders’ agreement was signed between Germany-based Bauer Resources, Synergy Petroleum International and Oman National Investments Development Company (Tanmia),...
Oman’s imports drop marginally to OMR11b
MUSCAT: Oman’s total imports declined marginally by 1 per cent to OMR11.15 billion in 2015, from OMR11.27 billion in the...
BP exploration boss leaves after spending cuts
MUSCAT: The head of exploration at BP, Richard Herbert, is leaving the British oil major after slightly more than two...
Oman fund to invest $50m in Chinese aviation firm’s $1.1b share offer
MUSCAT: Oman Investment Fund has agreed to buy $50 million in the initial public offering of BOC Aviation, the aircraft...
Oman plans to build two new water projects
MUSCAT: Oman plans to build two independent water projects in Duqm and Khasab to meet the growing demand for potable...
