Category: INDUSTRY

Banking & Finance
CBO
Private deposits in commercial banks rise to RO12.55bn

Private deposits at commercial banks in the Sultanate at the end of February 2018 rose 0.85 per cent to OMR12.55 billion, compared to OMR12.45 billion in the corresponding period last year, according to a monthly bulletin published by the Central Bank of Oman (CBO). The gross value for these deposits, as of the end of […]

Energy
Vinodkumar Raghothamarao, Director Consulting, Energy Wide Perspectives & Strategy, IHS Markit EMEA
What does BlockChain hold for the Energy Industry?

Oil and Gas companies operate in dynamic and complex environments, where they face constant challenges especially in terms of supply and demand. Now with the oil prices at historic lows, the time has come to evaluate and adapt new technology. When the price of crude oil is low, the high cost of upstream oil exploration […]

News
Oil oman
Oman’s crude oil production hits 29mn barrels

  The Sultanate’s production of crude oil and condensate in April 2018 reached 29,032,500 barrels, with a daily average of 967,750 barrels. Total exports of Oman Crude Oil in April 2018 reached 25,893,927 barrels, with a daily average of 863,131 barrels, according to the monthly report issued by the Ministry of Oil and Gas (MoG). […]

Health Care
KPMG LLP (PRNewsfoto/KPMG LLP)
KPMG Collaborates With Oracle To Enhance Healthcare Cloud Solutions

KPMG, a platinum and Global Cloud Elite member of the Oracle PartnerNetwork (OPN) Cloud program, has developed a unique solution in the healthcare industry to enable clients to move their finance, human resources and supply chain functions to the Oracle Cloud. “Powered Healthcare” is a healthcare version of KPMG’s Powered Enterprise solution.  Oracle is leveraging the experience […]

Insurance
Insurance
Oman’s insurance sector contributes 1.63 per cent of GDP

Oman insurance sector contributed 1.63 per cent of the Sultanate’s gross domestic product (GDP) in 2017,  according to the Insurance Market Review 2017  issued by CMA. Highlighting the key events of the sector during FY 2017, the 14th edition of the Insurance Market Review covers indicators such as premiums, indemnities, number of policies, retention ratios, losses and financial indices […]

News
JPEG 2
Shell, Total to develop new natural gas discoveries

Total signed a Memorandum of Understanding (MoU) with the Government of Oman to develop natural gas resources in Oman. This MoU includes both upstream and downstream businesses. Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area onshore Block 6 with respective shares of 25 per cent and […]

Industry
Shell Signs with Gov of Oman Image (2)
Shell Signs Agreement on Energy Development in Oman

  Shell Gas & Power Developments B.V. (Shell) has signed a Memorandum of Understanding (MoU) with the Government of Oman to cover proposed energy development projects in Oman. The agreement covers upstream gas exploration and development, gas-to-liquids (GTL), liquified natural gas (LNG) and renewable energies. The MoU sets out an initial mutual understanding between Shell […]

Banking & Finance
NBO
NBO Opens 24/7 Branch At Muscat International Airport

  National Bank of Oman (NBO) opened its fully-fledged airport branch within the new Muscat International Airport. Operating 24/7, the new location, was inaugurated under the patronage of Sheikh Ayman Bin Ahmed Bin Sultan Al Hosni, CEO of Oman Airports, presents an easy and convenient banking experience around the clock. The Branch, which is streamlined […]

INDUSTRY
OCTAL 1
OCTAL Showcases PET Technology At Oman Plast 2018

  Committed to create in-country value and further develop Oman’s position as a hub for innovation, the Sultanate’s leading PET innovator and economic powerhouse, OCTAL, is displaying its unique manufacturing capabilities and its dedication to the future growth of the country at OMAN PLAST 2018 from May 7th to 9th at the Oman Convention and […]