Category: Editor’s Pick

BP Oman Khazzaan
Petrofac awarded $800mn contract for Khazzan gas project

Petrofac has been awarded a lump-sum contract worth approximately $800 million by BP for the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in the Sultanate. This follows the $1.4 billion Phase 1 CPF Khazzan project, awarded to Petrofac in February 2014, which celebrated first gas on September 22, […]

Banking & Finance
Omani banks achieve 5.7 per cent growth in credit

Omani banks, including Islamic institutions, achieved a year-on-year growth of 5.7 per cent in total credit at RO23bn by September-end this year. Credit to the private sector alone grew by 5.7 per cent to RO20.8bn as of the end of September 2017, the Central Bank of Oman (CBO) said in its latest monthly report. Of […]

Editor's Pick
Omani Rial
Oman receives RO8bn foreign direct investment

Oman received RO8,013mn in foreign direct investment in the first half of 2017, a growth of RO619.4mn over the same period in 2016. The oil and gas sector constituted the bulk of foreign investment, at RO3,859bn, according to statistics released by the National Centre for Statistics and Information (NCSI). This was followed by financial brokerage, […]

Never waste a crisis

OER Business Summit 2017 calls for collaborative efforts and push for public-private partnerships Industry leaders at the OER Business Summit 2017 called for collaborative efforts between various stakeholders, concerted push for public-private partnerships and transparency to drive forward growth in the Sultanate. Organised by Oman Economic Review (OER), the Sultanate’s premium and must read business […]

Editor's Pick
Relax, Relish, Rejuvenate

Muhammed Nafie  visits Millennium Resort Mussanah for a weekend retreat and comes back falling in love with its stunning location, striking views and stupendous stay Photo: Rajesh Rajan Looking for an idyllic weekend getaway in the outskirts of Muscat where you will be lulled by the undulating waves while enjoying the unobstructed views of majestic […]

Editor's Pick
Progress 2017-18 hits the stands

United Media Services (UMS) has published the 23rd edition of its annual bilingual publication Progress 2017-2018 saluting His Majesty Sultan Qaboos Bin Said on the occasion of the 47th anniversary of Oman’s Blessed Renaissance.   Published on the occasion of the 47th anniversary of Oman’s Blessed Renaissance, Progress 2017 highlights the Sultanate’s renewed impetus on public private partnerships, SME […]

Editor's Pick
Lee Chee Khian
Building Blocks of Sustainable Development

Lee Chee Khian, CEO of Special Economic Zone Authority at Duqm, talks about how the region is getting kitted out to attract foreign investors and emerge as Oman’s manufacturing hub How is manufacturing sector going to contribute to Oman’s future economic development? And how Duqm is going to be an enabler of this transition? Currently […]

Shifting Dynamics

  OER Summit explores new imperatives in HR and finance.  HE Dr Rasheed bin Al Safi Huraibi, Chairman, Oman Tender Board, presents OER Top20 and Excellence Awards at the Summit CEOs, CFOs, senior HR executives and international and GCC-based industry experts discussed a range of business solutions related to cash flow management, disruptive technology, performance […]

Editor's Pick
Real Estate-1
Economies of scale

Renaissance Village Duqm which will be fully operational in April, 2017 can provide quality accommodation at affordable rates for close to 17,000 workforce at Duqm free zone. Muhammed Nafie reports Oman will be setting a new standard in providing quality workforce accommodation when Renaissance Village Duqm, an iconic 17,000-bed facility to accommodate people working for […]

Best Banks in Oman Survey 2017
Strong supervisory framework

The OER-GBCM Best Bank’s in Oman survey 2017 shows a robust performance by the banking sector despite strong headwinds Banking sector regulations and reforms by the Central Bank of Oman (CBO) has resulted in a strong and resilient banking system in the Sultanate over the years. Adherence to a strict and disciplined monetary policy, risk-based […]