Oman
Oman Qatar Insurance opens new branch at Avenues Mall
MUSCAT: To cater to the growing market demand, Oman Qatar Insurance Company (OQIC), premier insurer in Oman and a subsidiary...
Oman plans to develop 800MW power project in Muscat
MUSCAT: Oman plans to develop a major gas-fired independent power project with a generation capacity of 800 megawatts in Muscat...
Sohar water plant to start operation in 2018
MUSCAT: Oman Power and Water Procurement (OPWP), the sole procurer of new power generation and water desalination capacity, on Wednesday...
Oman Shipping Company launches new freight service to link all Omani ports to UAE
MUSCAT: Oman Shipping Company (OSC) is launching a new freight service linking all Omani ports to the UAE by mid-April,...
Omantel revenue grows to OMR135m; net profit at OMR34.8m
MUSCAT: Oman Telecommunications Company (Omantel), the Sultanate’s biggest telecom service provider, on Wednesday said that its group revenue for the...
Oman’s crude oil production falls in March
MUSCAT: Oman’s production of crude oil and condensates in March stood at 30.26 million barrels, which indicates a fall of...
Omani firms report OMR716m net profit
MUSCAT: Oman’s listed companies reported a 3.3 per cent growth in combined net profit to OMR716 million in 2015, up...
GCC economic growth to remain weak this year
MUSCAT: Economic growth of Gulf Cooperation Countries is forecast at 2.5 per cent in 2016, reflecting mainly the developments in...
Splendour of Seas docks in Port of Salalah
MUSCAT: The cruise ship Splendour of the Seas visited the Port of Salalah with 1,709 tourists of various nationalities aboard...
Galfar bags OMR22m worth contracts from PAEW
MUSCAT: Galfar Engineering and Contracting Company, one of the leading contracting firms in Oman, has won four major contracts worth...
Oman Air plans to establish ground handling joint venture
MUSCAT: Oman Air, the national carrier of the Sultanate, is planning to establish a joint venture to create a new...
Major listed firms in Oman expected to post marginal drop in profit
MUSCAT: Major Omani firms that constitute MSM 30 Index are expected to post a marginal fall in net earnings in...
Ominvest to pay 25% dividend
MUSCAT: Oman International Development and Investment Company (Ominvest) will pay 25 per cent dividend, comprising 10 per cent cash dividend...
Napco revenue surges 28% to OMR24.8 mln
MUSCAT: National Aluminium Products Company (Napco), one of the leading extruders of aluminium profiles in the Gulf Cooperation Council (GCC),...
Oman Air, SATS form cargo handling joint venture in Oman
MUSCAT: Oman Air and SATS, through its wholly-owned subsidiary SATS Investments, on Saturday signed a joint venture agreement for cargo...
Jifnain fuel storage hub commissioning in 2017
MUSCAT: State-owned refining flagship Orpic's fuel storage hub at Al Jifnain is due to be commissioned next year, according to...
Oman’s bank credit grows 8.8% in January
MUSCAT: Oman’s commercial banks have achieved a year-on-year growth of 8.8 per cent in total credit at OMR18.44 billion by...
Oman selects Lockheed’s forecasting solution for passenger traffic
MUSCAT: To support the ambitious growth plans of both Muscat and Salalah international airports as well as Oman Air, Oman...
Ahlibank to pay 10% cash dividend in Oman
MUSCAT: Shareholders of ahlibank at its annual general meeting approved a board recommendation to distribute cash dividend of 10 per...
Oman turns to new economic horizons
MUSCAT: The economic climate has been relatively challenging for the coastal state in the Arabian Peninsula. The rough global macroeconomic...
