July 17, 2013
Oman Cables Industry has signed a contract for the supply of power cables worth an estimated RO27.36mn with a customer in Saudi Arabia, the company said in a filing to the Muscat Securities Market.
July 3, 2013
Abu Dhabi’s leading investment firm Gulf Capital has acquired Chef Middle East, an importer and distributor of specialty and fine food products.
June 30, 2013
The cargo shipment airline makes Muscat its 79th destination
A number of fraud cases have recently been dealt with by Omani police, among them foreign swindlers selling sand as gold
Oman United Insurance got upgraded to a BBB rating by S&P
June 29, 2013
As the Gulf Cooperation Council and Hezbollah aid opposing sides of the Syrian civil war, the GCC seeks to punish Hezbollah economically.
June 27, 2013
Fitch Ratings has affirmed Oman-based Bank Sohar's Long-term Issuer Default Rating (IDR) at 'BBB+' with a Stable Outlook.
The sultanate will have at least one low-cost carrier (LCC) by the first half of 2014 with the possibility of more licences being awarded, according to Salim Nasser Said al Aufi, chief executive officer of the Public Authority for Civil Aviation.
Oman is the fastest growing market for smartphones in the GCC region with 65 per cent users switching to these devices, according to Ashrf Fawakherji, vice-president, Middle East, for Huawei.
June 23, 2013
BP has agreed a price for any gas produced from Oman's Khazzan project as part of a commercial framework agreement with the government, the British energy company said on Thursday.
June 18, 2013
Jordan are through to World Cup play-offs after beating Oman 1-0 in Amman.
A World Bank report has shown that the sultanate received US$39mn in remittances from Omani expatriates in 2012, ranking it 145th out of the 165 countries for which there is remittance inflow data.
The general index of the Muscat Securities Market (MSM) gained 0.40 per cent to close at 6509.94 points on Tuesday.
Helped by moderating global commodity prices and a strong US dollar, to which Oman keeps its currency pegged, the sultanate's annual inflation fell to a 40-month low in April.
June 17, 2013
Omani insurer Al Madina Insurance Company is planning to float an initial public offering (IPO) in the fourth quarter of this year in an attempt to change its status to a Shari’ah-compliant Takaful firm.