Category: INDUSTRY

Energy
Shell
Oman Oil, Shell to collaborate on Oman Block 42

Oman Oil Company Exploration and Production (OOCEP) and Shell Exploration have signed a Heads of Agreement (HoA) to collaborate on Oman Block 42. Under the agreement, an initial aerial study will be carried out, before potentially undertaking further and more focused activities in the block, according to a press release. This cooperation in Block 42 […]

Oil&Gas
rumhi
Oman plans IPOs for downstream energy firms

Oman plans to offer shares in some state-owned downstream energy companies to the public, partly to raise money as low oil prices pressure its finances, Oman’s Oil and Gas Minister Mohammad bin Hamad Al Rumhy said recently. The companies include Salalah Methanol Co. and a drilling company, Rumhy told reporters without naming the drilling firm […]

News
Omran QNB
Omran inks RO38mn deal with QNB Oman for JW Marriott Hotel at OCEC

              Oman Tourism Development Company (OMRAN) has joined hands with QNB Oman for the development financing for the JW Marriott Hotel Project within the Oman Convention and Exhibition Centre (OCEC) precinct and part of phase one of the emerging Madinat Al Irfan Urban Development by Omran. The financing agreement, […]

News
Omantel
Omantel expands fibre optic services in Muscat

          Oman Telecommunications Company (Omantel), the Sultanate’s leading provider of integrated telecommunication services, announced the launch of fibre optic services to homes across Al Ghubra and Azaiba. The roll out will enable thousands of residents in those areas to benefit from high-speed fibre optic technology with competitive prices, giving customers great […]

Banking & Finance
Meethaq agreement with Dar Al Tomouh
Meethaq to finance poultry farm project in Nizwa

Meethaq, the Islamic banking window of Bank Muscat, signed an agreement to provide Islamic project finance for Dar Al Tomouh company to set up the Sultanate’s first-of-its-kind commercial contract chicken farming project in the wilayat of Nizwa. The project with an annual production capacity of 3.74 million kg live chicken will have a far reaching […]

Energy
Duqm Refinery 2
Oman, Kuwait sign agreement for developing Duqm refinery

                                    Oman Oil Company (OOC), the Sultanate’s investment arm in the energy and energy related sectors, and Kuwait Petroleum International Ltd (KPI), the international subsidiary of Kuwait Petroleum Corporation (KPC), have signed agreements related to their partnership for […]

INDUSTRY
Sino-Omani Industrial City
Sino-Omani Industrial City work to start on April 19

A foundation stone laying ceremony for the Sino-Omani Industrial City will be conducted in the Special Economic Zone of Duqm on April 19. The ceremony will be attended by Wang Heshan, deputy governor of Ningxia Province, Yahya bin Said Al Jabri, chairman of the Special Economic Zone Authority of Duqm (Sezad) and officials from the […]

ECONOMY
MSM
Net earnings of major Omani firms poised to slip 20 per cent

Major companies listed on the Muscat Securities Market (MSM), which constitute the MSM30 index, are expected to report a 20 per cent year-on-year fall in net earnings to OMR134.1 million for the first quarter of 2017, according to an analysis conducted by Gulf Baader Capital Markets. However, the combined revenue of MSM30 companies is estimated […]

Auto
Auto Review-1
All-terrain capability

Range Rover Sport SVR exhibits a combination of super-SUV credentials with a luxurious drive. An OER review Since 1948 Land Rover has been manufacturing authentic 4x4s that represent true ‘breadth of capability’ across the model range. Defender, New Discovery, Discovery Sport, Range Rover Sport, Range Rover and Range Rover Evoque each define the world’s SUV […]

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 […]



OER is the leading business publication in the Sultanate of Oman. OER, part of United Media Services (UMS) Group, is the required reading for decision makers who value reliable, timely and authoritative business news reportage. As an advertising medium, OER presents an audience, which is premium at decision-making levels. For more info click here

UMS Group is one of the top media and communications’ companies in the GCC region. Visit our other Group sites