Oman

July 17, 2013

Power cables
06:29 GMT

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

Chef Middle East serves over 1,000 customers in the UAE, Qatar, and Oman. (Photo source: promotional website)
07:01 GMT

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

A Cargolux airplane delivers a shipment (Source: Wikimedia)
14:46 GMT

The cargo shipment airline makes Muscat its 79th destination

Photo used for illustrative purposes (Source: Wikimedia)
14:35 GMT

A number of fraud cases have recently been dealt with by Omani police, among them foreign swindlers selling sand as gold

The ratings agency pointed out that OUIC's competitive position has strengthened the implementation of new business strategies
13:23 GMT

Oman United Insurance got upgraded to a BBB rating by S&P

June 29, 2013

A handout picture released by the Syrian Arab News Agency (SANA) on June 23, 2013, shows civilians and security at the scene of a bombing in the Mazzeh 86 area of the Syrian capital Damascus. (Source: AFP/SANA)
07:21 GMT

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

Bank Sohar
11:18 GMT

Fitch Ratings has affirmed Oman-based Bank Sohar's Long-term Issuer Default Rating (IDR) at 'BBB+' with a Stable Outlook.

Authority is studying all civil aviation services that are not currently available in Oman
11:16 GMT

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.

Smartphones
06:00 GMT

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

Artificially low government-controlled prices typical across the energy-rich Gulf region have discouraged new projects needed to meet its rapidly rising demand for natural gas
11:45 GMT

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 1-0 Oman
19:42 GMT

Jordan are through to World Cup play-offs after beating Oman 1-0 in Amman.

Jordan remains the main source of remittance inflows to Oman
06:00 GMT

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.

Among the top losers were Al Batinah Dev Inv Holding
05:00 GMT

The general index of the Muscat Securities Market (MSM) gained 0.40 per cent to close at 6509.94 points on Tuesday.

Personal-care items and services dropped by seven per cent in April, on month
05:00 GMT

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

Promoters will divest 40 per cent of their holding in the company
11:39 GMT

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.