Oman

July 24, 2013

Hotel room capacity in Oman is forecast to grow at a compound annual growth rate of 5.3 per cent over the period 2011 to 2016
12:55 GMT

The outlook for new resorts and hotels in Oman looks promising with over 3,000 hotel rooms due for completion by the end of 2014.

July 22, 2013

Habsi hopes to return to action in October
10:51 GMT

Ali Al Habsi, Oman‘s football team captain, is hopeful of a full recovery from his shoulder surgery in the next two months and plans to return to action in October.

July 21, 2013

Oman Rail can enter into partnerships with investors in various aspects of railway services
11:07 GMT

Oman is ramping up its efforts to build a 2,244-kilometre rail network that is expected to link major ports and neighbouring countries.

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.