Category: INDUSTRY

GlassPoint CEO, Steven Moss
GlassPoint Appoints Steven Moss As CEO

GlassPoint Solar, the leading supplier of solar energy to the oil and gas industry, announced the appointment of Steven Moss as Chief Executive Officer. An industry veteran, Steven will lead GlassPoint’s growth plans, diversifying its project portfolio in new markets in the Middle East and North America and commercializing its next generation technologies.   Managing […]

media breif 1
PDO announces new gas find

Petroleum Development Oman (PDO) has confirmed a “significant” gas find with estimated recoverable reserves of more than four trillion cubic feet (TcF) and 112 million barrels of condensate in the northern part of its concession area. The announcement came at the annual Ministry of Oil and Gas Media Briefing in which the Company also reported […]

Orpic’s Muscat-Sohar pipeline to open on March 21

Oman Oil Refineries and Petroleum Industries Company (Orpic) will officially inaugurate one of its strategic growth projects, the Muscat Suhar Product Pipeline (MSPP) and the main fuel terminal in Al Jefnain on March 21, 2018. The $336 million investment is an important logistic project across the Sultanate which will deliver more than 50 per cent […]

Banking & Finance
Central Bank issues treasury bills worth RO35.50mn

Oman’s central bank raised OMR35.50 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 91 days, from March 14 until June 13, 2017. The average accepted price reached 99.639 for every OMR100, and the minimum accepted price arrived at 99.635 per OMR100. Whereas the average discount […]

eco friendly paints
Khimji Paints: Pioneers in Eco-Friendly Paints

  It takes great effort to keep the walls clean and tidy for a long period of time. To make things easy, Khimji Paints offers a fitting solution through its eco-friendly Royal Tuff Stain Resistant Emulsion and Deluxe Matt Emulsion that will keep your walls pristine and clean. Since 1985, Khimji Paints has gained a […]

Banking & Finance
Bank Muscat
Bank Muscat’s $500mn bond issue oversubscribed

Bank Muscat has announced the successful pricing and closure of a five-year $500mn bond issuance under its Euro Medium Term Note (EMTN) programme. The deal, which evoked a strong response from regional and international investors, was oversubscribed more than two times and carried a coupon of 4.875 per cent. Commenting on the success of the […]

Oman oil average price rises 36.6 per cent in January

The average price of a barrel of Omani crude oil increased by 36.6 per cent at the end of January 2018 to reach to $60.8 per barrel compared to $44.5 at the end of January 2017, according to the data released by the National Centre for Statistics and Information (NCSI). These statistics show that the […]

Tourims award
Sultanate bags eight prizes at Arab Tourism Media awards

The Sultanate won eight prizes at the tenth edition of the Arab Tourism Media Oscar awards for this year in line with the tourism and economical renaissance witnessed by the country. These prizes included that of Best Governmental Personality Supporting Arabian Tourism for the year 2017. Sheikh Salim bin Ahmed Al Ghazali won the prize […]

Peter Walichnowski , CEO of Omran
Driving diversification

Oman Convention and Exhibition Centre is expected to contribute RO130-150mn to the national GDP by 2030, says Omran CEO, Peter Walichnowski Oman Convention and Exhibition Centre (OCEC) which opened in 2016, is the centre piece of phase 1 of the new Madinat Al-Irfan Development, being developed by Oman Tourism Development Company (Omran) in Muscat. OCEC […]

Andrew Anagnost
 Exploring new frontiers

Andrew Anagnost, President and CEO, Autodesk talks about how cloud, machine learning, artificial intelligence and generative design are going to create a whole new world of opportunities in the next decade. Mayank Singh reports fromAutodesk University 2017, Las Vegas    The business model transition to software as a solution (SaaS) at Autodesk took place under its former President and CEO, […]