Oman
May 27, 2003
Heritage Oil Corporation reported total revenues of $1.1 million in the first quarter of 2003 compared with one million dollars during the same period last year. In Oman, the testing of the Tibat-1 we
The OPEC Fund for International Development has approved an emergency assistance grant of $500,000 to help purchase relief supplies for victims of the earthquake that struck northern Algeria last week
May 25, 2003
Oman’s Sultan Qaboos and Egyptian President Hosni Mubarak condemned "terrorism in all its forms" in the course of talks at the Red Sea resort of Sharm
The Israeli cabinet on Sunday approved the U.S.-backed road map for Middle East peace, that envisions a Palestinian state by 2005, but put forth a num
Moody's Investors Service has assigned a Baa3 long-term domestic currency debt rating to BankMuscat’s senior fixed rate bonds due in 2013. The Baa3 global domestic currency rating is placed at the sam
The Amman Stock Exchange (ASE) witnessed a calm week with a daily average of 4.86 million Jordanian Dinars. The overall market dropped slightly as the ASE Index decreased by 0.83 percent, mainly due t
BankMuscat has announced the launch of a 10-year corporate bond. The bonds will be listed on the Muscat Securities Market. The issuance carries a coupon of seven percent that is payable semi-annually
The growing trend of establishing luxurious spas in the Middle East, which target both the sophisticated traveler and local customers with disposable incomes, will be a focal point during Gulf Beauty
Gulf Air has unveiled Gulf Traveler, its subsidiary all economy airline, which will take to the skies on June 1. It is a full service airline, offering everything traditionally associated with an econ
May 21, 2003
US-based PSEG Global has recently started commercial operations at its Salalah Power System plant in Oman. The plant is a 240 Megawatt simple cycle, gas turbine facility located in the southern Omani
Equity International, a Washington-based business development firm has announced it is organizing a second Iraqi Reconstruction Conference on July 1 and 2. The Iraqi Reconstruction Conference will pro
May 20, 2003
Gulf Air will increase the number of its flights from Muscat's Al-Seeb International Airport commencing in July 2003. Scaling up from the present 74 to 116 weekly flights represents a 57 percent incre
A Middle Eastern state is planning the world’s biggest biometric-based identity program for its entire civilian population. According to industry insiders, the move represents the single largest roll-
May 12, 2003
US-based Energy Solutions, a supplier of Internet-based pipeline and business management applications for the oil and gas industry, will provide real-time pipeline management tools to the Oman Gas Com
Lebanon’s New Food Technology Holding has launched its regional expansion by opening its first international outlets. The company has opened two of its Dip ‘N Crunch restaurants in Saudi Arabia and Ku