May 30, 2013
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
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 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
Regional markets ended mixed on Sunday as most investors reassessed the sustainability of hefty year-to-date gains of the respective indices.
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
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
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
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
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.
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 announced that it inked an agreement for another submarine cable, the 'Bay of Bengal Gateway' submarine cable system (BBG).
May 16, 2013
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
The private placement amounting to 5.28 per cent shareholding stems from the bank’s overall capital augmentation plan.
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
The Central Bank of Oman has urged licensed banks operating in the Sultanate to show more interest in financing small and medium enterprises.