September 5, 2012

Oman disqualified after refusing to play against Israel (Picture courtesy of
13:28 GMT

Oman's team was disqualified from the World University Futsal Championship, held recently in Portugal with support from FIFA, after it failed to turn up for a match against Israel, a top official has confirmed.

Omani Rials
10:10 GMT

The decision to licence the operation of the Islamic banking in the Sultanate has opened up windows of opportunities for the banking sector in Oman, writes Philip Paul, Head of Agency for Cluttons Oman.

August 30, 2012

14:36 GMT

"Omani cement companies did well in the first half of this year due to increase in cement demand and diversion of UAE exports to other markets,” the report said.

August 28, 2012

Hurghada Asian Film Festival
09:41 GMT

Sahl Hasheesh, a popular Egyptian tourist destination, will host first round of the Hurghada Asian Film Festival with the participation of 35 countries in October.

August 27, 2012

Dr. Saleh A Al Anboori
09:20 GMT

Oman government is set to award two onshore oil and gas blocks for exploration to international oil firms in the Southern Dhofar region next month.

August 26, 2012

Power poles
13:51 GMT

Among the Gulf Cooperation Council (GCC) economies, Saudi Arabia can be seen as the most aggressive with respect to investments in the power sector, according to a study by Kuwait Financial Centre (Markaz).

August 23, 2012

Gulf market
13:45 GMT

Kuwait’s Wataniya rose to a two-month high yesterday after Qatar Telecom offered to buy remaining stake in the telco for $2.2 billion, while Gulf markets were mixed in muted trade post the holy month of Ramadan.

August 21, 2012

Egyptian pounds
13:18 GMT

Since Egypt's January 2011 uprising, the country has suffered from heavy falls in foreign direct investment (FDI), international foreign reserves (IFR) and tourism revenues.

August 13, 2012

Oman take on Egypt (pictured above) in Salalah
14:16 GMT

Oman will host African champions, Egypt, at home next Wednesday in Salalah. The match is scheduled to kick off at 9:30pm at A'saada Sports Complex and gives Salalah's football fans a chance to show their support and witness the team in action.

August 12, 2012

Ahmed bin Nasser Al Mehrzi, Minister of Tourism
13:22 GMT

Lack of access to funds for developing tourism projects by private entrepreneurs is an important challenge faced by the sector. "Most of the tourism projects are facing financial challenges,- said Ahmed bin Nasser Al Mehrzi, Minister of Tourism.

Oman money
10:13 GMT

The fiscal surplus of the sultanate widened further to a record RO1.6bn in the first half of this year, as against a surplus of RO386mn in the corresponding period of 2011, latest data released by National Center for Statistics and Information (NCSI) showed.

August 9, 2012

Oman's government revenue shot up 35.4 per cent to RO7.369 billion, from RO5.443 billion for the same period last year.
14:07 GMT

Oman's budget surplus surged to a record high of RO1.683 billion in the first half of 2012, on the back of surging oil and gas revenues.

August 6, 2012

GCC stock market
09:36 GMT

The stock markets in the Gulf Cooperation Council (GCC) rose in July, gaining 0.41 per cent after a decrease of 2.91 per cent in June, according to Kuwait Financial Centre's (Markaz) latest update on regional markets.

August 2, 2012

11:52 GMT

A proposal to turn the Gulf Cooperation Council (GCC) into a Gulf union will be reviewed by the alliance foreign ministers in September.

July 31, 2012

Gulf markets remain mixed
08:39 GMT

Dubai real estate developer Emaar Properties rallied to its highest level since April 2011 yesterday, lifted by forecast-beating second-quarter earnings, but trading across the rest of the Gulf region was more mixed.