Oman sets up logistics mega firm to manage
ArabianBusiness.comOman sets up logistics mega firm to manage gov't investmentsArabianBusiness.comOman has also just completed the preliminary design of its entire planned rail network, which aims to link the ports, economic, industrial and commercial areas and also areas with potential urban growth so these assets can yield their full economic ...Oman Air to be housed in new holding companych-aviationall 2 news articles »
Posted on 9 June 2016 | 9:33 am
$16bn merger will create Oman's
ArabianBusiness.com$16bn merger will create Oman's second-biggest bankArabianBusiness.comA proposed merger deal between Oman's Bank Sohar and Bank Dhofar will result in the country's second-largest bank with combined assets of up to $16 billion. Following the merger, each Bank Dhofar share will be traded for 1.29 shares of Bank Sohar, ...MOVES-Oman's Bank Sohar says names Kumar acting CEOReutersProposed merger of Bank Sohar, Bank Dhofar will create Oman's second largest bankAl-BawabaBank Sohar appoints new acting chief executive officerTimes of Omanall 6 news articles »
Posted on 9 June 2016 | 9:33 am
Oman Government Sells $2.5 Billion of Global
Wall Street JournalOman Government Sells $2.5 Billion of Global BondsWall Street JournalThe Oman government sold $2.5 billion of bonds Wednesday, becoming the latest Gulf state to tap the debt markets in a move to shore up its budget during a period of low oil prices. The bond deal represented the Gulf state's first issuance in the ...Oman Raises $2.5 Billion From First Foreign Bond Since 1997Bloombergall 2 news articles »
Posted on 9 June 2016 | 6:48 am
Saudi-Oman highway set for 2016 opening -
Trade ArabiaSaudi-Oman highway set for 2016 openingTrade ArabiaWork has been completed on a major highway that will shorten the distance between Oman and Saudi Arabia by 800km. It is due to open this year after a two-year-long delay, said a report. The road, which runs through the Empty Quarter desert, or Rub ...and more »
Posted on 9 June 2016 | 5:30 am
Oman hotels revenue drops 8% to $137.6mn in
Hotelier Middle EastOman hotels revenue drops 8% to $137.6mn in Q1 '16Hotelier Middle EastThe flow of European tourists, who constitute a major chunk of Oman's hotel guests, is coming down due to a drop in euro currency value (against dollar) and the unrest in some countries of Europe, which have affected the tendency of people to travel ...
Posted on 9 June 2016 | 4:12 am
Indian man rescued by Oman air force
Muscat, April 14 (IANS): A Royal Air Force of Oman chopper has rescued an injured Indian national who was on board a commercial ship in Omani territorial waters, according to a media report.
Posted on 14 April 2015 | 6:54 am
Oman Air AGM focuses on positive results
Oman Air’s annual general meeting in progress at the airline’s headquarters in Muscat.
Posted on 13 April 2015 | 8:21 pm
Oman plans Opex show in Jeddah
Oman is planning to stage an exhibition of its products in Jeddah, which is aimed to provide a platform to eventually boost the country's exports to Saudi Arabia.
Posted on 13 April 2015 | 11:46 am
Oman's PDO says to lift oil output 5 pct
State-controlled Petroleum Development Oman (PDO), the country's top oil and gas producer, aims to lift crude output by about 5 percent over the next four years, managing director Raoul Restucci said on Monday. "We aspire to reach 600,000 barrels per day by 2019," he told reporters at an annual briefing on Oman's energy industry, adding the company would then maintain that production level for ...
Posted on 13 April 2015 | 6:05 am
TABLE-Oman Q1 earnings estimates
(Repeats without changes to content) April 8 (Reuters) - BANK DHOFAR - Following are first-quarter net profit estimates for Bank Dhofar in millions of rials. Q1 2015 %change EFG Hermes 11.16 9.22 Gulf Baader Capital Markets 10.85 6.19 Bank Dhofar reported a net profit of 10.22 million rials in the first quarter of 2014. --------------------------------------------------------------- BANK MUSCAT ...
Posted on 13 April 2015 | 5:46 am
Oman face Saudi Arabia with eye on second
Muscat: Fourteen years after they clinched the inaugural GCC Under-17 Championship, Oman juniors will be looking to lay their hands on only their second trophy when they play the final of the regional junior football championship in the Qatari capital on ...
Posted on 28 August 2015 | 2:32 am
Oman Drydock Company Expands Rapidly
Oman Drydock Company (ODC) is growing fast. In January, the yard hit an important milestone - its 300th drydocking. Harnessing the power of its new $1.8 billion, 1.3 million sq. m. shipyard it aims to become a leading shipyard in the Gulf over the next ...
Posted on 28 August 2015 | 2:07 am
Middle East Crude: Chinaoil, Mercuria bag 6
SINGAPORE: Cash trade in the Middle East crude market accelerated on Friday as sellers sold more cargoes to Chinaoil and Mercuria before the month ends. Six cargoes were sold during the Platts Market on Close (MoC) process, bringing the total for the month ...
Posted on 27 August 2015 | 10:22 pm
ATU Duty Free begins retail operations at
A joint venture between TAV Airports and Unifree Duty Free/Gebr. Heinemann, ATU Duty Free begins operations at Salalah, the second largest city of Oman. ATU Duty Free began providing services to the passengers with a 727 sqm duty free shop located on the ...
Posted on 27 August 2015 | 8:59 pm
Oman police seize 3,000 illegal cigarettes
MUSCAT: A total 3,000 counterfeit cigarette boxes were seized by the Royal Oman Police in raids on several locations. The Investigation and Risk Assessment team, affiliated to the Sohar Industrial Port Customs of the Directorate of Customs, and the North ...
Posted on 27 August 2015 | 6:06 pm
Rights groups praise Oman pardon for
International rights groups and others are hailing Oman's decision to pardon all activists jailed for offending the nation's ruler or joining protests.
Posted on 24 March 2013 | 1:04 am
Pakistani plane has malfunction on landing
Oman's official news agency says a plane arriving from Pakistan had a tire malfunction on landing in the country's capital.
Posted on 11 February 2013 | 10:30 pm
Oman council backs wage-hike proposals
State television in Oman says the country's highest advisory body has backed proposals for a steep rise in the minimum wage and curbs on foreign workers.
Posted on 9 February 2013 | 8:38 am
Oman holds first municipal elections
Oman says more than 1,400 candidates are competing in the Gulf nation's first municipal elections, a concession following Arab Spring-linked unrest.
Posted on 22 December 2012 | 3:04 am
BAE signs $4.1 billion aircraft deal with
British Prime Minister David Cameron hinted that more U.K. troops could be stationed in the Gulf as he welcomed news Friday that BAE Systems has won a 2.5 billion pound ($4.1 billion) deal with Oman for 20 aircraft.
Posted on 21 December 2012 | 1:22 am