Oman

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.

May 29, 2013

Market breadth stood in favour of decliners
11:32 GMT

Trading activity remained flat on the local bourse as the Muscat Securities Market general index consolidated to close at 6,396.10.

May 28, 2013

The conference will cover an extensive range of topics, including satisfying global demand by showcasing key underground mining projects
05:00 GMT

The Oman Mining and Quarrying Summit, organised by IQPC Middle East in coordination with Global Exhibitions and Conferences, opened on Monday at the Golden Tulip Muscat.

May 27, 2013

Muscat Securities Market
11:51 GMT

Regional markets ended mixed on Sunday as most investors reassessed the sustainability of hefty year-to-date gains of the respective indices.

PDO signs $30mn deal to boost Omani manufacturing
06:00 GMT

Petroleum Development Oman (PDO) has signed a US$30mn contract with Schlumberger, a leading international oilfield services company, which will increase the amount of Omani-made materials used in the oil and gas sector.

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.