Al Raffd Fund to support 20 SME projects in Sandan Industrial Park
Al Raffd Fund to support 20 SME projects in Sandan Industrial Park

Al Raffd Fund has signed a cooperation agreement with Sandan Development Company to provide financial support to 20 small and medium enterprises that are setting up their businesses within the Sandan Light Industries Park. The agreement was signed by said Tariq Bin Sulaiman Al Farsi, chief executive officer of Al Raffd Fund and Said Bin […]

Shell Oman celebrates Shell Eco-marathon 2017 teams

Shell Oman organised a special ceremony to recognise the student teams that represented Oman in Shell Eco-marathon Asia 2017, which was held in Singapore earlier this year. The ceremony was held under the auspices of HH Sayyida Dr Mona bint Fahd al Said, assistant vice-chancellor for international cooperation, Sultan Qaboos University. The teams from Sultan […]

Eng. Isam Al Zadjali, Chief Executive Officer of Oman Oil Company
OOCEP closes $1bn pre-export finance facility

Oman Oil Company Exploration & Production (OOCEP) has announced the successful signing of a $1bn loan facility to fund its continued growth and expansion. The new financing agreement is structured as a crude oil pre-export facility with a tenor of five years and contains an accordion option to allow additional funding of $500mn if required. […]

Omani banks achieve 6.1 per cent growth in credit at RO23bn

Omani banks, including Islamic institutions, have achieved a year-on-year growth of 6.1 per cent in total credit at OMR22.8 billion by July-end of 2017. Credit to the private sector alone grew by 6.8 per cent to OMR20.6 billion as of the end of July this year. Of the total credit extended to the private sector, […]

Sabco Group launches sports agency to boost industry in Oman

Sabco Group has announced the creation of a new company in the Sabco Group. Sabco Sports has been set up to lead the growing sports industry in Oman and to take advantage of the huge growth in sports in the region in the coming years. Sabco Sports will be Oman’s premier sports agency, focusing on […]

Muriya Image 2
Muriya launches phase II of Lagoons in Hawana Salalah

  Muriya’s flagship destination, Hawana Salalah, and Dhofar’s only Integrated Tourism Complex (ITC), sold out Phase I of its new residential project, Lagoons, in just four weeks during its soft launch this August. Phase II of the Lagoons Project has just been launched with a range of freehold properties starting at RO28,000, entitling non-Omani buyers to […]

Omantel launches automated self-service cloud portal

Omantel has announced that it is launching an automated self-service cloud platform along with its cloud services subsidiary – Oman Data Park (ODP) – for customers to purchase virtual infrastructure and applications as well as automatically configure them. This offering is a step ahead of the current-generation of static services such as web hosting, domain hosting […]

BP Oman
BP launches new season of social investment programme

Representatives from the partner organisations of BP Oman’s $5 million Social Investment Programme on Sunday attended the launch of the new season of the programme. Eng. Yousuf Al Ojaili, President of BP Oman, attended the event and gave the welcoming remarks to the partners at a ceremony, held in Knowledge Oasis Muscat (KOM). BP Oman […]

Oman committed to foreign exchange peg, says newly appointed CBO chief

Oman is committed to the rial’s currency peg against the US dollar, said the newly appointed executive president of Central Bank of Oman (CBO) on Sunday. Tahir Salim Al Amri, a former director-general of treasury and accounts at the Ministry of Finance, was speaking to Reuters on the sidelines of a meeting of Arab central […]