Tuesday, November 20, 2018

Omani banks achieve robust 7.3 per cent growth in credit

Omani banks, including Islamic institutions, have achieved a year-on-year credit growth of 7.3 per cent at RO23.5bn  by November-end of 2017. Credit to the...
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Win-win partnership

An Indian business delegation representing a wide swath of sectors visited Oman to explore bilateral trade and investments opportunities   An Indian trade delegation from the...
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Mercedes-Benz Oman Unites Industries at Commercial Vehicle Customer Business Networking Event

Mercedes-Benz Oman held a business networking event for its Commercial Vehicle customers in Sohar. More than 80 customers attended the event representing a cross-section...
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Nama appoints advisors for privatising five subsidiaries

Nama Holding, a government-owned holding company of Nama Group which is engaged in generation, transmission, distribution, supply and procurement of electricity in Oman, has appointed...
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Oman to sell LNG to BP Singapore

Oman LNG and BP Singapore have signed a major sales and purchase agreement (SPA) for supplying liquefied natural gas (LNG) to the latter. The agreement,...
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NBO registers RO44mn net profit

National Bank of Oman (NBO) said that its net profit for 2017 stood at OMR44 million, down from OMR55.8 million posted in the previous...
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Omantel to declare results after finalising Zain accounts

Oman Telecommunications Company (Omantel), the largest telecom firm in the Sultanate, said that the company is currently not in a position to disclose the...
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UAE stresses importance of renewable energy as part of the global...

The United Arab Emirates (UAE) joined more than 150 countries at the sixth session of the International Renewable Energy Agency (IRENA) Assembly to review...
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Al Khaleel group to build Ramada hotel in Muscat

Al Khaleel Group, a leading trading and contracting company in Oman, has assigned the construction of Ramada Encore to Al Rawahi International. Al Khaleel...
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Oman’s oil production touches 30mn barrels

Oman’s crude oil and condensate production touched 29.97 million barrels in December 2017, which is an average of 966,952 barrels per day. Export of Oman...
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