Oman

November 5, 2003

02:00 GMT

The new Oman Oil Marketing Company has officially opened for business with the opening of its first service station. The service station will be launched under the company’s brand name omanoil.

November 4, 2003

02:00 GMT

Spain said Tuesday it was withdrawing much of its diplomatic staff from Iraq for security reasons.

02:00 GMT

Oman’s Dhofar Insurance Company recorded a 17 percent net profit increase for the first nine months of 2003 over results from the same period last reaching 4.41 million Omani rials ($11.4 million).  T

02:00 GMT

Oman International Bank reported a 14.7 percent net profit increase for the first nine months of 2003 with figures raising to 10.8 million Omani rials ($28 million).  Net interest income decreased by

02:00 GMT

Oman Arab Bank reported a net profit of 7.02 million Omani rials ($18 million) for the first nine months of 2003, a 16 percent increase over the same period last year. Net interest income increased by

November 3, 2003

02:00 GMT

Oman LNG L.L.C and the Ministry of Heritage and Culture signed a Memorandum of Understanding (MoU) Sunday, whereby Oman LNG makes a significant contri

02:00 GMT

A phone call was made on Monday between Syria's Foreign Minister Farouk al-Shara and his Lebanese counterpart, Jean Obied. According to SANA, the conv

02:00 GMT

Gulf Air recorded an average load factor of 73.5 percent in the third quarter of 2003, during which a record 1,811,232 passengers flew with the carrier. These figures translate into a 17.4 percent inc

02:00 GMT

Co-op Islami, a company specializing in Halal meat products, has registered an average 40-50 percent increase in sales in the United Arab Emirates market, and a 30 percent increase in international ma

02:00 GMT

The Government of Oman is fast tracking the development of a new tourist complex on the shores of Oman. “We are currently short listing suitable hotel management companies and investors to participate

02:00 GMT

Dubai Duty Free closed the month of October with sales of 132 million Emirati dirhams ($37 million), which represents a 21 percent increase over the same period last year. Many categories showed signi

November 2, 2003

02:00 GMT

International law firm Trowers & Hamlins represented National Bank of Oman in a 53.14 million Omani rial ($138.16 million) placement of 24,195,406 shares at OR 2.2 per share to the Suhail Bahwan Group

02:00 GMT

Fitch Ratings has assigned Turkey's MNG Bank long-term foreign and local currency ratings of B-. Additionally, the agency has assigned short-term foreign and local currency ratings of B, an individual

October 28, 2003

02:00 GMT

The latest report issued by the Yemeni authorities at the Sana'a international airport indicated that about 90 pieces of ancient antiquities and manus

02:00 GMT

Emerson Process Management has been selected by Petroleum Development Oman to automate a new gas/oil separation plant at Barik Gharif field. Emerson's front-end engineering and design of the project i