Oman

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

October 26, 2003

02:00 GMT

Senior Gulf Cooperation Council (GCC) pensions and social security officials warned of the growing negative effects of early retirement programs on GCC economies at a recent workshop.  The Impact of E