Oman

June 27, 2013

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.

June 12, 2013

Market breadth stood in favour of decliners as of the 57 securities
06:00 GMT

Most regional equity markets ended the day modestly higher amid expectations of a possible MSCI upgrade for UAE and Qatar to emerging market status.

June 11, 2013

Market breadth stood in favour of advancers as of the 52 securities traded for the day 26 advanced while 17 declined and 19 stocks closed unchanged
06:00 GMT

The Muscat Securities Market continued to climb on Monday with strong buying support from local investors. The benchmark index gained 1.28 per cent before closing at a 52-week high of 6,633.41.

June 10, 2013

Al Batinah Development was the top gainer for the day.
05:00 GMT

Taking cue from the strength in global equities, the Muscat Securities Market general index traded in positive territory, gaining 0.79 per cent to close at 6,549.61 on Sunday.

June 4, 2013

The successful commissioning of the thermal enhanced oil recovery (EOR) plant in West Amal defines PDO's changing portfolio.
13:02 GMT

Nearly 22 per cent of Petroleum Development Oman's (PDO) oil production will be from enhanced oil recovery (EOR) by 2020, according to the head of new technology implementation at the company.

June 2, 2013

Oman Oil Company Exploration and Production LLC (OOCEP)
10:10 GMT

Oman Oil Company Exploration and Production LLC (OOCEP), an upstream oil and gas subsidiary of Oman Oil Co, has awarded a US$40mn engineering, procurement and construction (EPC) contract to Abu Dhabi-based National Petroleum Construction Co (NPCC).

May 30, 2013

 Syrian army soldiers walking nearby facilities of Dabaa military airfield during an operation that led to the control of the airport, north of the Syrian city of Qusayr. AFP Photo
11:56 GMT

The Gulf Cooperation Council (GCC) is set to meet on Sunday so that member states may discuss the possibilities of putting Lebanese Shi'ite movement Hezbollah on the list of terror organisations, in light of its involvement in the Syrian civil war.

The landmark transaction was awarded “Middle East Infrastructure Equity Deal of the Year”
11:48 GMT

Mena Infrastructure Fund LP, a leading specialist infrastructure private equity fund, sponsored by Waha Capital PJSC, Fajr Capital Ltd and HSBC Group, has acquired a 20 per cent shareholding in Sohar Power Company SAOG.

A team of Freezone Sohar officials visited India recently
05:00 GMT

With Indian companies and investors continuing to evince interest in Freezone Sohar, the economic hub is aiming to double investment from India to US$250mn in the coming two years from the present US$125mn.