Oman
Oman concludes Paris trade talks
MUSCAT: Three days of Omani–Franco trade and investment talks concluded on Thursday with an ‘Invest in Oman’ seminar held at...
Oman to sign OMR885m-deal for building Ibri, Sohar independent power projects
MUSCAT: Several agreements to build Ibri and Sohar-3 independent power plants (IPP) will be signed by Oman Power and Water...
Bank Nizwa distributes 2.1% profit on Mudaraba investment account
MUSCAT: Proving its constant upward performance, Bank Nizwa announced its highest ever profit returns to depositors availing of its Mudaraba...
Oman’s budget deficit ratio to remain intact despite cut in subsidy
MUSCAT: Oman’s budget deficit as per cent of gross domestic product (GDP) will remain unchanged at 17.1 per cent this...
First venture capital firm in Oman starts operation
MUSCAT: First equity-based venture capital firm in the Sultanate, Innovation Development Oman Holding SAOC (IDO), was officially launched here on...
Omantel, Infoline unveil search engine ‘Daleel1010’
MUSCAT: Daleel1010, Oman’s first interactive search engine, is anticipated to transform information gathering in the Sultanate. The service is a...
First independent Chinese refiner trades DME Oman crude oil
MUSCAT: Shandong Chambroad Petrochemicals Co. has become the first independent Chinese refiner to trade Oman Crude oil futures on the...
National Bank of Oman to offer mortgages on Bausher Heights villas
MUSCAT: National Bank of Oman (NBO) announced on Wednesday that it has entered into an agreement to offer mortgages on...
Natural gas production in Oman grows 8%
MUSCAT: Oman’s natural gas production and imports grew by 8.3 per cent to 10,206 million cubic meters (MNCM) for the...
Oman’s banks, telecom service providers perform well in Q1
MUSCAT: Omani banksand telecommunication service providers have performed well among listed firms on the Muscat bourse during the first quarter...
Oman’s Islamic banks register robust growth in finance at OMR1.85b
MUSCAT: Islamic banking entities provided financing to the extent of OMR1.85 billion by end-February 2016, compared to OMR1.1 billion a...
Muscat bourse declines
MUSCAT: During a quiet session, profit taking brought down the MSM30 Index by 0.36 per cent to close at 5,939.10...
Tender Board awards water projects worth OMR 42 mln
MUSCAT: Tender Board on Wednesday conducted its fourth meeting for 2016 under the chairmanship of Dr Rasheed bin Al Safi...
Bank Muscat’s $500 mln Euro bonds over subscribed
MUSCAT: Bank Muscat, the flagship financial institution in Oman, announced the successful pricing and closure of a 5-year, $500 million...
Demand for bank credit grows 12% to OMR20.54 bln
MUSCAT: Oman’s conventional and Islamic financial institutions have achieved a robust 12.45 per cent (or OMR2.27 billion) growth in credit...
Oman’s nominal GDP down 14.2%
MUSCAT: Reflecting the persistent low crude oil prices in the global markets, economic activities in the Sultanate of Oman have...
gooidev, Oman chamber of commerce launch international partnership
MUSCAT: The Oman Chamber of Commerce and Industry (OCCI) and gooidev, American software development and marketing company, announced the launch...
Oman picks banks for first bond in 20 years
MUSCAT: The government of Oman has chosen five banks to arrange the sultanate's first international bond issue in almost 20...
Omantel’s subsea cable network lands in France
MUSCAT: Oman Telecommunications (Omantel), the Sultanate’s leading telecommunications provider on Wednesday announced the successful landing of the Asia Africa Europe-1...
Oman’s inflation falls 23.3% in Q4
MUSCAT: Oman's Producer Price Index (PPI)-based inflation eased by 23.3 per cent in the fourth quarter of 2015 compared to...
