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.
May 13, 2013
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 (OSSL) organised their second knowledge sharing programme, 'Talk of the Season'
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 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
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.
Omani investors lifted trading on the Muscat Securities Market as they net bought 7.7 per cent of the total value and the general index closed flat at 6,191.47.
May 6, 2013
The Ministry of Tourism (MoT) is going all out to woo tourists from the region, especially Saudi Arabia.
May 5, 2013
Gulf countries always fail the freedom of the press test, as seen with the 2013 World Press Freedom Index issued by Reporters Without Borders. Although these countries are wealthy and boast the trappings of modern states, they continue to rank at the bottom.
May 1, 2013
Internet user in the UAE are being promised “reliable and robust” services as a new undersea cable is to be introduced to bring faster speeds.
Oman's government expects $10 billion foreign direct investment in Duqm economic zone in the next five years.
April 20, 2013
Was it cause he was too sexy? The Omani organisers have neither confirmed nor denied rumors that they had a heavy hand in the cancellation of Justin Bieber's Muscat edition of the world tour. It's no surprise that the topless teen may have been deemed a touch on the 'haraam' side for the conservative Omanis.
April 15, 2013
Oman and Wigan Athletic goalkeeper Ali Al Habsi has spoken of his pride at the prospect of becoming the first Arab to start in an English FA Cup final after a 2-0 semi-final win over Millwall on Saturday.