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Banking & Finance
CBO
Private deposits at commercial banks reach RO12.47bn

Private deposits at commercial banks in the Sultanate at the end of the first quarter in 2018 witnessed a slight decline by 0.77 per cent to OMR12.47 billion, compared to OMR12.57 billion in the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO). The gross value […]

Dhofar Generating Company plans IPO

Dhofar Generating Company (DGC) SAOG (Under Transformation), owner and operator of the Salalah II Independent Power Project (IPP), says it is planning to launch its Initial Public Offering (IPO) soon. As stated in the Project Founders’ Agreement, the company is required to offer 40 per cent of their Share Capital to the public through an […]

News
Al Araimi
Al Araimi Walk to create 3,000 jobs

Al Raid Group announced that its upcoming project, Al Araimi Walk will generate around 3,000 jobs. The company added that it was excited about the Al Araimi Walk, which is slated to be completed by September, 2020. It is a mall which is to be built on the ‘retailtainment’ model. “The upcoming project of Al […]

Retail
Retail
Retail Frontier

The phenomenal growth of mega hypermarkets all across the Sultanate, has completely transformed the retail landscape and is all set to galvanise the jobs sector as well as the economy    A massive surge in expansion and growth of shopping malls, hypermarkets and supermarkets is fast changing the dynamics of the retail sector across the […]

Interviews
CBO
On a solid footing  

HE Tahir bin Salim bin Abdullah Al Amri, Executive President of Central Bank of Oman, talks to OER about the initiatives and policy measures to strengthen Oman’s banking sector. Excerpts from an interview  What are the new policy measures taken by the Central Bank of Oman to strengthen the banking sector and make it compliant […]

News
Saudi women are officially allowed to get behind the wheel, after a decades-old driving ban was lifted. (Image source: BBC)
Turn left or right ? The women decide

  June 4th, 2018 marked a significant date that may probably go down in history. It was a day of celebration as the first batch of Saudi women received their driving licenses. Women in Saudi were banned from driving for decades. Families would have to employ chauffeurs for female relatives to get anywhere. However, all […]

News
Omani Rial
Oman’s FDI rises 15 per cent in fourth quarter of 2017

Foreign Direct Investment (FDI) in the Sultanate rose by 15 per cent, to RO9.34bn in 2017, from RO8.09bn in the fourth quarter in 2016. Among various countries, the United Kingdom topped the list of investors in the Sultanate, with direct investment of RO4.45bn in 2017, against RO3.50bn in the previous year, according to statistics released […]

News
MB
Mercedes-Benz Oman Welcomes New Commercial Vehicles General Manager

Mercedes-Benz Oman has announced the appointment of Gary Brown, as its new General Manager for Commercial Vehicles. Gary brings with him over 30 years of experience in Commercial Vehicles, including the last 15 years with Mercedes-Benz in the United Kingdom. As General Manager, he will oversee all aspects of the business’ operations in Muscat, Sohar, […]

News
SDO - Shell Professional Courses Image
Shell Development Oman Provides Training Opportunities Throughout Oman

As part of their social investment initiative, Shell Development Oman (SDO) launched a new season of ”Shell Professional Courses” as part of their Training for Development Programme. The programme consists of a wide range of professional development courses held across the Sultanate. Open to all interested individuals, these sessions empower participants by equipping them with […]

News
Coldplay-global-citizen-festival-india-2016
World Music Day: Uniting People Through Music

We have often heard that music is a universal language. It has earned itself the title of being a sweet escape from reality as well as a unifying medium. But, how far is that true? On World Music Day, we decide to have a short look at the way that music has created a global […]