Oman

May 26, 2013

Central Bank of Oman
05:00 GMT

Total lending by Oman's commercial banks grew 8.7 per cent in the first quarter of this year to RO14.28bn as compared to RO13.14bn a year ago.

May 23, 2013

The aircraft will be operated on long haul routes
05:00 GMT

Oman Air, the national carrier of the Sultanate of Oman, has placed an order for three A330-300s, growing its A330 Family fleet to a total of ten Airbus aircraft, according to a press release on Wednesday.

May 22, 2013

U.S. Secretary of State John Kerry speaks at the State Department (Photo by Alex Wong/Getty Images)
13:00 GMT

US Secretary of State John Kerry arrived in Oman yesterday aiming to help finalize an estimated $ 2.1 billion deal to supply a US-made air-defense system to the Gulf nation.

May 19, 2013

Ever wondered why Oman Air cabin crew were so nice?
12:25 GMT

Oman Air has committed RO2mn ($5,2 million) to staff training in 2013, having already invested more than RO3.3mn (some $8 million) over the previous two years.

Ministry floats 11 tenders for Sharqiya internal roads
06:00 GMT

The Ministry of Regional Municipalities and Water Resources (MRMWR) has floated as many as 11 tenders for the design and construction of internal roads in South and North Sharqiya.

Omantel will offer redundant routed capacity with superior quality and the lowest latency
05:00 GMT

Omantel announced that it inked an agreement for another submarine cable, the 'Bay of Bengal Gateway' submarine cable system (BBG).

May 16, 2013

A total of 2,940 trades were executed
04:40 GMT

Positive global equity markets rubbed off on the Muscat Securities Market general index, which closed Wednesday's trading up 0.53 per cent at 6,352.19.

May 15, 2013

Bank Muscat
12:51 GMT

The private placement amounting to 5.28 per cent shareholding stems from the bank’s overall capital augmentation plan.

Premium growth was largely in the medical insurance business in UAE
01:23 GMT

Oman National Investment Corporation Holding (ONIC) has reported a net profit of RO3.08mn for the first quarter ended March 31, 2013.

May 14, 2013

Central Bank of Oman
13:16 GMT

The Central Bank of Oman has urged licensed banks operating in the Sultanate to show more interest in financing small and medium enterprises.

May 13, 2013

Muscat Securities Market
06:06 GMT

Strength in global equity markets supported regional sentiment as most GCC stock markets ended Sunday in positive territory. The Muscat Securities Market general index inched up 0.20 per cent to close at 6,264.68.

May 12, 2013

Omani Students Society in London
10:55 GMT

Omani Students Society in London (OSSL) organised their second knowledge sharing programme, 'Talk of the Season'

Central Bank of Oman
05:40 GMT

The Central Bank of Oman (CBO) has mandated all banks operating in the sultanate to allocate five per cent of their total credit portfolio to small and medium enterprises (SMEs) by the end of December 2014.

May 9, 2013

Saraya Bandar Jissah
07:41 GMT

Saraya Bandar Jissah will have a major positive impact on the economy of the sultanate, said chief executive Sheikh Hamood Sultan al Hosni on Tuesday, as he hailed the progress in ongoing construction work.

May 8, 2013

Prospects bright for solar power in Oman
12:34 GMT

The Public Authority for Electricity and Water (PAEW) has identified four potential locations for the establishment of large-scale solar power projects, and land has been allocated at two of these places, according to a senior official.