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Sohar Port and Freezone signs agreement for South-Phase 1

Sohar Port and Freezone signs agreement with DINV-EMW JV for the development of the first 50 hectares of usable land Highlighting the rapid growth within Oman’s logistics sector, SOHAR Port and Freezone have signed an agreement with Dredging International NV – Earth Moving Worldwide LTD (DINV-EMW JV) for the development of Phase 1 of the […]

Stock Markets
Oman Bonds and Sukuk market grows to RO 2.63 billion in 2017
Oman Bonds and Sukuk market grows to RO2.63bn

The outstanding market value of the bonds and Sukuk segment of the Muscat Securities Market (MSM) grew a commendable 32 per cent to RO2.63bn at the end of 2017, up from RO1.99bn in 2016, according to the Executive President of the Capital Market Authority (CMA). Shaikh Abdullah bin Salim al Salmi attributed the strong growth […]

ECONOMY
OPWP signs RO60mn pact for desalination plant in Salalah
OPWP signs agreements worth 60mn for Salalah water project

The Oman Power and Water Procurement Company (member of Nama Group), the sole procurer of all electricity and water capacity in the Sultanate, signed a number of agreements to establish the Salalah Independent Water Project with an ACWA Power-led consortium with Veolia and DIDIC. The event was held under the patronage of Sayyid Mohammed bin […]

ECONOMY
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Ominvest internal audit gets highest IIA rating

The internal audit at the Oman International Development and Investment Company (Ominvest) has been awarded the highest rating by the Institute of Internal Auditors (IIA) under the International Professional Practices Framework. The rating of “generally conforms” is the highest and means that an internal audit has a charter, policies, and processes in conformance with international […]

PDO hosts latest lean session with Ministry of Manpower visit

Petroleum Development Oman (PDO) hosted its latest Lean continuous improvement session with a visit by the Minister of Manpower (MOM) His Excellency Sheikh Abdullah bin Nasser Al Bakri and his leadership team to the Company’s headquarters. Around 30 delegates attended a full day engagement to raise awareness and understanding on how to drive continuous improvement, […]

Banking & Finance
Meethaq signs agreement with Azimut
Meethaq teams up with Azimut to promote Global Sukuk Fund in Oman

Meethaq, pioneer of Islamic banking in Oman from Bank Muscat, and the Azimut Group, signed an exclusive partnership to promote the Global Sukuk Fund (GSF) in Oman. Sulaiman Al Harthy, Deputy Chief Executive Officer, Islamic Banking, and Sergio Albarelli, Chief Executive Officer of Azimut Group, signed the agreement at the Bank Muscat head office. “Meethaq […]

Education
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Industry-engaged education

Muscat University will be able to make a positive contribution to the higher education sector in Oman and be able to graduate students with the right knowledge, skills and experience to help drive organisations forward. Excerpts from an interview with Vice-Chancellor, Professor Yusra Mouzughi There is a growing gap between the demands of job market […]

COMPANIES
Oman Oil Co, BP sign MoU to invest in human capital
Oman Oil Co, BP sign MoU to invest in human capital

  Oman Oil Company (OOC), the Sultanate’s investment arm in the energy and energy related sectors, and BP Exploration (EPSILON) Limited have signed a Memorandum of Understanding (MoU) to enable secondment opportunities between the two companies. The signing ceremony was attended by Eng Isam bin Saud al Zadjali, CEO of OOC and Yousuf al Ojaili, […]

Events
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Register for OER Finance & HR Summit 2018

Over the last three years OER’s Finance & HR Summit has emerged as the most coveted platform for CEOs, CFOs, HR Directors and other senior executives and this year’s edition promises to build upon that experience and legacy with incisive discussions, case studies, presentations and peer-to-peer interaction. Register for OER Finance & HR Summit today!

Uncategorized
The Avidbots Neo autonomous floor cleaning robot empowers cleaning teams. (CNW Group/Avidbots)
Self-driving Cleaning Robots to be Deployed at UAE University

  Avidbots has announced that United Arab Emirates University (UAEU) will be deploying the Avidbots Neo floor cleaning robot to improve the productivity of their cleaning teams, reduce costs, and promote robotics and innovation throughout the UAE. The Avidbots Neo is a purpose-built floor scrubbing robot that integrates state of the art navigation technology with […]