Category: Editor’s Pick

COMPANIES
Oman Oil Co, BP sign MoU to invest in human capital
Oman Oil Co, BP sign MoU to invest in human capital

  Oman Oil Company (OOC), the Sultanate’s investment arm in the energy and energy related sectors, and BP Exploration (EPSILON) Limited have signed a Memorandum of Understanding (MoU) to enable secondment opportunities between the two companies. The signing ceremony was attended by Eng Isam bin Saud al Zadjali, CEO of OOC and Yousuf al Ojaili, […]

Editor's Pick
Arabia Falcon IPO Press Meet_Fin_01_1
Arabia Falcon Insurance shares offer opens for subscription

Arabia Falcon Insurance (AFIC), part of the region’s oldest insurance group – has announced the opening of its initial public offering (IPO) for public subscription. The IPO is open for subscription and  will close on April 2, 2018. Through its IPO, Arabia Falcon Insurance is offering 25mn shares at an offer price of 190 baiza […]

Editor's Pick
CBO
CBO issues treasury bills worth RO15mn

Oman’s central bank raised OMR15 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 182 days, from February 28 until August 29, 2018. The average accepted price reached 99.274 for every OMR100, and the minimum accepted price arrived at 99.265 per OMR100. Whereas the average discount […]

Editor's Pick
Port of Salalah
Port of Salalah begins ship to ship transfer services

 The Port of Salalah completed its first ship to ship transfer operation (STST) at Salalah anchorage recently as part of the port’s expanding service offering in 2018. The new service was performed by Fendercare Marine which transferred vegetable oil between the vessels NCC Nasma to Ariana while both were in the harbor anchorage. “Our vision […]

ECONOMY
Port in Sur
Industrial estates post strong growth in 2017

Oman’s industrialisation drive continues to witness massive expansion in the total number of leased areas, infrastructure projects, investments, number of projects and job opportunities in the industrial estates across the Sultanate, according to the Public Establishment for Industrial Estates (PEIE)’s latest report. The report highlights major achievements witnessed by the industrial estates that pertain to PEIE during […]

Editor's Pick
omanoil
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 crude in December 2017 touched 24.60 million barrels, or a daily average of 793,483 barrels, according to the monthly report released by the Ministry of Oil and Gas. Nine different […]

Editor's Pick
Port Sohar
Oman’s trade surplus surges to RO1.4bn

Oman recorded a surplus of RO1,402.9mn in international trade at the end of September 2017, compared with RO944.3mn during the same period of 2016, according to data released by the National Centre for Statistics and Information (NCSI). The total value of exports from the Sultanate by the end of September 2017 was RO9,143.2mn, an increase […]

ECONOMY
Oman Forum
Oman Forum 2017 calls for nurturing SMEs and enabling job creation

Oman Forum 2017 made a strong pitch to nurture SMEs, develop entrepreneurship and create employment opportunities for Omanis. HE Abdullah Al Salmi, Executive President, Capital Market Authority was the chief guest and HE Rashid Ahmed Al Shamsi, Deputy Chairman, Majlis Al Shura, was the guest of honour at the event held at Sheraton Oman on December […]

Auto
Phantom
New Rolls Royce Phantom launched in Oman

The new Rolls-Royce Phantom has been launched in Oman, following its recent global debut in London. The new flagship of the luxury car manufacturer was presented by Al Jenaibi International Automobiles, the exclusive importer for BMW, MINI and authorized dealership for Rolls-Royce in Oman. The new Phantom features a spectacular advancement with ‘The Gallery’, that […]

Editor's Pick
CMA
Marginal growth

Most insurance segments have witnessed varying levels of fall, except health insurance and group life insurance which recorded an increase of 17 per cent and 25 per cent, respectively.    Omani insurance companies have achieved a marginal 0.3 per cent growth in direct gross insurance premium income at OMR358.16 million for the first three quarters […]