Category: INDUSTRY

Retail
inflation
Transport cost triggers inflation to 2.38 per cent in February

Oman’s consumer inflation in February rose by 2.38 per cent year-on-year, mainly due to a 9.33 per cent price hike in the transport sub-segment and a 2.05 per cent rise in the housing, water, electricity, gas and other fuel sub-sector. The foods and non-alcoholic beverages sub-segment logged a price decline of 0.10 per cent, while […]

Aviation
Oman AIR 2
Oman Air welcomes new Boeing B737-800

Oman Air has announced that a new Boeing B737-800 aircraft has joined its fleet on March 15. This new aircraft will be used on short and medium haul routes and has a capacity of 162 seats, with 12 Business class seats of seat pitch 46 inches and 150 Economy class seats with seat pitch 30 inches. […]

Banking & Finance
hackathon 1
NBO to host first ‘Hackathon’ in Oman’s banking industry

National Bank of Oman (NBO) will be hosting the Sultanate’s first ever ‘Hackathon’ to support the country’s talented innovators and tech-savvy community. Participants from universities, organizations and international startup firms will compete to produce the next big technological idea that will shape the way banks serve customers across the country. The Hackathon will take place […]

Manufacturing
Salalah_Methanol
Salalah Methanol seeks $720mn loan from banks

Oman’s Salalah Methanol Co. has asked banks for a $720 million syndicated loan that the state-run petrochemical company would use for a new ammonia plant and refinancing purposes, banking sources said. Bank Dhofar and Standard Chartered are advising the company on the financing, which is expected to have a 12-year maturity. Banks are expected to […]

Editor's Pick
Barka-11
BARKA GRAND CENTER: A COMPLETE LIFESTYLE DESTINATION

  The success of Barka Grand Center in a short span has opened a new mall category – suburban community shopping and entertainment destination – in Oman. Buoyed by the encouraging response from the visitors and tenants, Barka Grand Center is moving ahead with the second phase of development. Akshay Bhatnagar reports When we think […]

Cover Story
reggy-vermeulen
Expanding opportunities

The next three years will witness big investments and massive developments in Duqm port, says Reggy Vermeulen, CEO, Port of Duqm Company in an interview with Oommen John P   Can you share with us a few highlights of Port of Duqm in 2016? A lot of contracts were awarded in 2016. This is an […]

Banking & Finance
rr0_2665
Long-term vision

David Eldon, Chairman, HSBC Bank Middle East Limited speaks to Mayank Singh about the bank’s performance, changes in the macro economic environment and future trends Things have been challenging economically in the GCC region. How do you rate the performance of HSBC Oman against this background? I have been around for long enough to know […]

News
300-omanis-to-get-training-in-real-estate-brokerage
300 Omanis to get training in real estate brokerage 

Around 300 Omanis in the real estate sector will be trained following an MoU signed by Oman Real Estate Association (ORA) and Petroleum Development Oman (PDO). Hasan Juma Al Lawati, vice chairman of ORA and Raoul Restuccim, managing director of PDO, signed the MoU recently. The training courses will also include Omani searching for jobs in […]

News
tourism
Oman to host 19th Arab Tourism Ministerial Meeting

The Ministry of Tourism is set to host the 19th Ministerial Meeting for Arab Tourism in Oman from 13 to 14 December 2016, in Oman. The two-day event will see the presence of several Tourism Ministers, Undersecretaries, VIP dignitaries from the region, as well as representatives from the World Tourism Organisation who will come together […]

Banking & Finance
muscat-finance
Robust Growth

Muscat Finance is expanding into new products like warehouse financing for corporates. We see the logistics sector as a promising growth sector and want to support it by offering a specialised product to build warehouses, says Chief Executive Officer Bikram S Rishi in an interview with Oommen John P   Can you highlight Muscat Finance’s […]



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