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BP Oman
BP Oman awards RO66mn ICV contracts for Khazzan

As many as fifteen Omani companies were recognised for their contribution to delivering gas to Oman through the Khazzan development at an In Country Value (ICV) networking event held at BP Oman’s Muscat headquarters on February 19. The companies were awarded contracts by BP Oman with a total value of OMR66 million during the second […]

ECONOMY
NBC
Oman Oil, Omifco, Omantel launch entrepreneurial platform at NBC

The National Business Centre (NBC) in cooperation with Oman Oil Company (OOC), Oman India Fertilizer Company (Omifco) and Oman Telecommunications Company (Omantel) launched OM.HUB, the entrepreneurial platform at NBC in Knowledge Oasis Muscat, under the patronage of Dr. Ali bin Masoud Al Sunaidy, Minister of Commerce and Industry. The inaugural ceremony also witnessed the signing […]

Investment applications in industrial estates grows by 25 per cent

Investment applications in various industrial estates of the Public Establishment for Industrial Estates (PEIE) grows by 25 per cent to 76 applications in January 2018 compared to 61 applications during the same period in 2017.  The highest number of investment applications was recorded in Raysut Industrial Estate with 14 applications, followed by 12 applications in […]

ECONOMY
PEIE BankDhofar
PEIE teams up with BankDhofar to attract foreign investments

The Public Establishment for Industrial Estates (PEIE) and BankDhofar have signed a memorandum of understanding (MoU) with the aim of attracting foreign investments that will bring new industries, generate employment and industrialise the county further. The MoU focuses on a joint marketing of PEIE and Oman as an investment destination, visiting and attending meetings when […]

UMS Events: 2018

AIWA AWARDS FOR OMAN’S BEST PERFORMING COMPANIES Alam al-Iktisaad Wal A’mal (AIWA), Oman’s leading Arabic monthly business magazine, brings to light new insights and forecasts on future trends that impact Oman’s corporate world, making it a valuable source for decision making and an indispensable tool for advertisers and marketers in Oman. Event Overview: To recognize the […]

SME Oman
Zubair SEC
Zubair SEC member launches hi-tech delivery truck

To ensure the business growth of her Al Rawaye Al Shamikha poultry farm, Zubair Small Enterprises Centre (Zubair SEC) member Aliya Abdullah al Nahbani has launched a hi-tech refrigerated delivery truck. Aliya Abdullah al Nahbani, the winner of Zubair SEC’s Direct Support Programme for the year 2016, is the founder of the thriving Al Rawaye […]

COMPANIES
Omantel
Omantel posts RO107mn net profit

Oman Telecommunications Company (Omantel), the Sultanate’s biggest telecommunication firm, has posted a net profit of OMR106.80 million for 2017, down from OMR115.80 million registered for the previous year. Following the acquisition of a controlling stake in Kuwait’s Mobile Telecommunications Company (Zain Group), Omantel group results include Zain results for the period from November 15, 2017 […]

ECONOMY
Oman Gas
Oman Gas to raise $1bn bridge loan

Oman Gas Co. is working with a group of banks to raise a bridge loan of slightly over $1 billion, which will later be refinanced via a US dollar bond issue, sources familiar with the matter said. The natural gas transport company, which was bought by state-owned Oman Oil Company in 2013, will use the […]

Private sector creates 10,000 jobs for locals in two months

The Ministry of Manpower (MoM) has said that 10,342 male and female citizens were appointed in private sector establishments from December 3, 2017 to February 12, 2018. This is in continuation of the efforts exerted by all government and private institutions to provide opportunities for job seekers as approved by the Council of Ministers, the […]