PDO Managing Director said the money raised will help to finance business plans, as well as create more jobs and training opportunities for Omanis. (PDO)
June 30, 2016 - 08:00 GMT
PDO's financing will take the form of a five-year pre-export facility, which was provided by a syndicate of international banks.
Tourists take a camel ride to visit the Bedouin village at Wahiba Sands. (Oman Tourism Ministry)
June 28, 2016 - 12:00 GMT
A survey by Oman's Ministry of Higher Education has found that oil and gas positions, up until last year the most sought after jobs, have slumped, replaced with careers in tourism, hospitality and banking.
The first phase will begin with the construction of a 3-star hotel, which is expected to be completed in the first quarter of 2019. (Oman Tribune)
June 28, 2016 - 09:00 GMT
Al Khonji Real Estate has been granted permission to develop the 661,000 square metres site which will include a commercial and residential complex and amusement park.
Tourists on a dhow boat in the Strait of Hormuz, Musandam, Oman. (Shutterstock/Imran's Photography)
June 26, 2016 - 09:30 GMT
investments required to implement the Omani Tourism Strategy (2016-2040) would be about $18.968 billion, 88 per cent of which will be borne by the private sector..
The deal with the SGRF is part of a new $275-million capital raising by Kenmare. (Shutterstock)
June 23, 2016 - 10:00 GMT
Oman’s State General Reserve Fund has acquired a 29.2 percent stake in the zircon and titanium mining company.
Oman wants to replicate the success of waterparks in its neighbouring countries. (Shutterstock/Olga Vasilyeva)
June 21, 2016 - 11:00 GMT
The project will be developed and financed in partnership with the private sector, in a bid to attract more families.
Photo: Muscat Daily
June 21, 2016 - 10:30 GMT
A new star on the sultanate’s football horizon seems to be emerging with a 21 year old making history by becoming the first Omani to sign a deal with a Spanish club on Sunday.
Unpaid workers may take their dispute to court, but struggle to make ends meet during the process of resolution. (File photo)
June 21, 2016 - 06:00 GMT
In the current economic downturn,serious salary delays of up to a year are being reported by workers across different sectors in Oman.
The camels pose with their new accessories (Twitter / @uaeae71)
June 19, 2016 - 13:29 GMT
Phosphorescent bracelets will adorn the creatures' necks and legs.
There is huge dip in the number of new projects in Oman due to lower oil prices and this has led to retrenchment of workers. (Arabian Business)
June 19, 2016 - 08:45 GMT
Travel agents in Oman report an increase in sales of one-way tickets out of Oman as thousands of migrant workers are being let go by construction companies.
Muscat Finance has achieved a net profit of OMR1.21 million for the first quarter of 2016, against OMR1.26 million for the same period of last year. (File photo)
June 16, 2016 - 11:30 GMT
The leasing and hire purchase company is seeking shareholder approval for the unsecured non-convertible subordinated bond issue on June 30.
Mohammed al Nabhani
June 16, 2016 - 04:57 GMT
After a gap of two years, the Nabhani siblings - Khalid and Mohammed – will make a return to the national team and will lead Oman's challenge at the Davis Cup Asia/Oceania Group IV tournament that will be held in Amman, Jordan from July 13-16.
Oman Air operations to Sohar Airport have failed to perform satisfactorily since inception in November 2014. (Flickr)
June 15, 2016 - 10:00 GMT
Oman Air confirmed that Oman National Transport Company will operate daily bus services between Sohar and Muscat airports for Oman Air passengers in light of its suspended air operations to Sohar.
Barakat al Harthi
June 12, 2016 - 10:30 GMT
Ace Omani sprinter Barakat al Harthi went closer to joining the exclusive club of athletes who have clocked under-ten seconds in the 100m race when he ran a time of 10.05s in the Bulgarian city of Stara Zagaro on Thursday.
Oman is against introducing income tax for expats due to pressures such as the recent removal of fuel subsidies, a factor that has added to inflation, and the introduction of VAT . (Shutterstock)
June 12, 2016 - 10:00 GMT
Following Saudi Arabia's announcement that it was considering income tax for expatriates, Oman has been quick to reassure its population that there are 'no plans' to follow suit, for now.
The proposed merger would create a bank with combined assets of almost $16 billion, according to Bloomberg. (File photo)
June 09, 2016 - 05:19 GMT
The two banks have reached an agreement on the share swap ratio for the proposed merger.