Banking & Finance
Alizz Islamic Bank to finance expansion of Gutech facility

Alizz Islamic Bank has signed an agreement with Oman Educational Services (OES) to finance the expansion of German University of Technology in Oman (GUtech)’s facilities and student accommodation. OES is the owner company of GUtech. As per the agreement, the financing facilities will be used for the construction of an additional academic building at GUtech […]

Banking & Finance
Bank credit volume exceeds RO20bn till June 2017

The total bank credit of commercial banks in the Sultanate by the end of June 2017 stood at RO20,108.6mn  compared to RO19,348.1mn during the same period of 2016, comprising an increase of 3.9 per cent. The Statistical Quarterly Bulletin issued by the Research and Statistics Department of the Central Bank of Oman (CBO) said that the personal […]

PDO-backed drilling equipment factory opens in Nizwa

A new PDO-backed factory which will manufacture key well equipment for the oil and gas industry has been officially opened in Nizwa. The Omani company Gulf Energy established the Fishing & Remedial Experts Enterprise (FREE) facility which is set to create up to 70 jobs for nationals. PDO has signed a 10-year contract with FREE […]

Banking & Finance
Oman-India Connect Forum Panel Discussion
Oman-India Business Connect Forum highlights investment opportunities

 ‘Oman-India Business Connect Forum’, hosted by Meethaq, the Islamic banking window of Bank Muscat, spotlighted investment opportunities for Indian investors in Oman as well as new possibilities and collaborations in Islamic banking and finance vis-à-vis the investment opportunities in Oman. Organised against the backdrop of Oman’s strategic economic diversification programme and the emergence of Islamic […]

Tapping tourism potential

The Sultanate’s beautiful landscapes and diverse tourism options capture the hearts of Omanis and tourists alike   A country of breathtaking natural beauty interwoven with a kaleidoscope of history, legends and adventures, the Sultanate of Oman has tourism destinations that suit the taste of different categories of tourists and visitors. The Sultanate presents opportunities to […]

Banking & Finance
Bank Muscat baituna finance for Boulevard Tower
Bank Muscat, Imdad join hands to promote Boulevard Tower project

Bank Muscat and Imdad Real Estate Development Company signed a memorandum of understanding (MoU) to provide attractive baituna home finance for exclusive residential units in the Boulevard Tower project in Muscat Hills. Abdullah Tamman Al Mashani, deputy general manager – institutional sales and products development, and Sheikh Abdullah Al Khalili, Director of Imdad Real Estate […]

Awasr and SAP to launch cloud services to drive business growth    

The Sultanate’s internet service provider Awasr and global digital transformation enabler SAP has planned to launch cloud services to drive business and economic growth, and job creation. Enabling business competitiveness, Awasr will provide Oman’s organisations with business solutions running on the SAP HANA enterprise cloud. Using these cloud-based business solutions, Oman’s organisations can easily adopt […]

Qais alKhonji
Focus on education

Qais al Khonji, Co-Owner, Genesis Projects and Investments has been ranked as one of the top 10 entrepreneurs in the GCC. He shares his thoughts on the honour and how entrepreneurship can be promoted in Oman You have been listed as one of the Gulf regions Top 10 entrepreneurs by Gulf Business. What in your […]

SEZAD in China
SEZAD woos Chinese investors to free trade zone

A promotional campaign for attracting investment from Chinese investors to the Duqm special economic zone was conducted in Dalian province by the Special Economic Zone Authority in Duqm (SEZAD), recently. The campaign focused on the incentives offered by SEZAD, the projects within the zone and the investment climate in the Sultanate. Yahya bin Said Al Jabri, […]

PDO signs deals worth $253.1mn with two local companies

Petroleum Development Oman (PDO) has agreed two deals worth $253.1mn to Omanise the provision of vital equipment for the oil and gas industry. The company has signed contracts for the local manufacture and supply of transformers and valves which will be used in its operations and beyond. The deals represent further evidence of PDO’s In-Country […]