Category: ECONOMY

ECONOMY
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HH Sayyid Fatik inaugurates Renaissance Village Duqm  

The 16,960-bed facility will accommodate the workforces of contracting firms in the Duqm Special Economic Zone As part of the celebrations of Oman’s 47th National Day, Renaissance Services announced the opening of its highly-anticipated turnkey project – Renaissance Village Duqm, a 16,960-bed facility that will accommodate the workforces of contracting firms in the Duqm Special Economic […]

ECONOMY
Musandam gas plant
Musandam gas and power plants open

Musandam Gas Plant (MGP) and Musandam Power Company (MPC) were inaugurated under the patronage of His Highness Sayyid Mansoor bin Majid bin Taimur Al Said yesterday. The Musandam Gas Treatment and Power Plants are collectively worth more than OMR400 million. Oman Oil Company’s (OOC) wholly owned subsidiary, Oman Oil Company Exploration and Production LLC (OOCEP) […]

ECONOMY
PDO signs R&D agreement with Muscat University 
PDO signs R&D agreement with Muscat University 

Petroleum Development Oman (PDO) has signed a research and development agreement with Muscat University to help resolve some of its complex technical challenges. The collaboration deal will support PDO’s effort to boost In-Country Value by advancing academic and vocational development and increasing the share of the oil and gas industry’s wealth retained in Oman. The […]

ECONOMY
Micro soft
Designed for SMEs

Microsoft 365 Business is a new solution designed for SMEs, bringing together the productivity and collaboration capabilities with device management and security solutions to safeguard business data, says Mohammed Arif, Regional Director, Microsoft 365 Business Group, Microsoft Gulf. Microsoft has introduced Oman’s fast-growing SME segment to Microsoft 365 Business, a multifaceted solution that ushers small business […]

ECONOMY
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UAE-India Economic Forum calls for increased collaboration

UIEF 2017 concludes with calls for increased collaboration in investments in technology, renewable energy and healthcare space between UAE and India The UAE-India Economic Forum (UIEF) 2017, organized by UMS Conferences, concluded in Dubai on November 9, 2017 exploring bilateral economic and commercial relations between the two countries to the next level. The UIEF focused […]

Banking & Finance
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NBO unveils new headquarters

National Bank of Oman (NBO) has officially unveiled its spectacular new headquarters. The latest landmark to complement Muscat’s skyline took centre-stage at a special VVIP event under the auspices of His Highness Sayyid Asaad bin Tariq Al Said, Deputy Prime Minister for international relations affairs and special representative for His Majesty the Sultan, and is […]

ECONOMY
Face2face
Committed to national priorities

Isam bin Saud Al Zadjali, CEO, Oman Oil Company shares his thoughts on the company’s achievements, challenges and future direction in an exclusive interview to Mayank Singh.  In 2017 Oman Oil Company completed 20 years of operations. As you look back, what have been the major milestones and challenges for the company? Oman Oil Company […]

Banking & Finance
CBO
CBO raises OMR72 million from treasury bills

Oman’s central bank raised OMR72 million from treasury bill auction. The treasury bills has a maturity period of 28 days, from November 1 until November 29, 2017. The average accepted price reached 99.923 for every OMR100, and the minimum accepted price arrived at 99.920 per OMR100. The average discount rate and the average yield reached […]

ECONOMY
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Corporate training facility opens in Sharqiya sands

Oman recently celebrated the opening of a unique, international standard purpose built training facility in the Sharqiya sands. The centre, operated by Outward Bound Oman, is the first of three slated to be constructed in the coming two years, with the second, in Muscat, due to open in late 2018. The desert centre, which is […]

ECONOMY
Mazoon Dairy
Foundation stone laid for RO100mn Mazoon Dairy project

Oman’s Minister of Agriculture, Fuad bin Jaafar Al Sajwani, has presided over a foundation stone laying ceremony for Mazoon Dairy’s flagship dairy project at Al Sunayah. The event formally marked the official launch of the main construction work on the state of the art OMR100 million project. The minister was joined by the members of […]