Category: INDUSTRY

Omantel to declare results after finalising Zain accounts

Oman Telecommunications Company (Omantel), the largest telecom firm in the Sultanate, said that the company is currently not in a position to disclose the initial unaudited financial results as Zain group is yet announce its financial results. Zain group, which is 21.9 per cent owned by Omantel, is treated as a subsidiary of Omantel and […]

Lasting Legacy

 Mohsin Haider Darwish has passed away leaving indelible imprints on Oman’s corporate firmament. With his demise, Oman loses one of its illustrious businessmen endowed with amazing foresight and practical wisdom Mohsin Haider Darwish (1934-2018) Mohsin Haider Darwish Al Zaabi who passed away on 10th January 2018 was the founder and the chief architect of Mohsin Haider Darwish (MHD) group, one […]

Banking & Finance
OAB Jamil Abdul Qader Al Zadjali
OAB appoints new head of retail banking at Al Yusr

Oman Arab Bank (OAB) announced the appointment of Jamil Abdul Qader Al Zadjali as head of retail banking and business support at its Al Yusr Islamic banking unit. All personnel working for the retail banking and business support of OAB’s Islamic banking window will now report to Jamil Al Zadjali. “We, at OAB, always prioritise […]

Real Estate
Real estate trade reaches RO128mn in Dec 2017

The total value of traded contracts in Oman’s real estate sector reached RO128mn during December 2017. Meanwhile, fees collected stood at RO5.4mn, according to figures issued by the Ministry of Housing. The total number of real estate transactions amounted to 29,765 including sale, will, inheritance, exchange and mortgage transactions. The number of sale contracts during […]

Banking & Finance
Maintaining performance momentum

In the prevailing economic situation, banks will require to maintain steady growth in loan book and deposit mobilisation, says Abdul Razak Ali Issa, Chief Executive, Bank Muscat How is Oman’s banking sector going to shape up in 2018? The banking sector will continue to play a key role in activating and shaping the economic future […]

Abdul Hakeem Al Ojaili
Enhancing customer experience

Abdul Hakeem Al Ojaili, CEO of BankDhofar, talks about the key highlights of Oman’s banking sector in 2017 and the outlook for 2018   Looking back, what were the key highlights of 2017 for the banking sector?   The banking sector faced challenges in overall credit growth triggering prudent lending strategy, due to the overall […]

Bright prospects

Vijaya Kumar, CEO of KR Infrastructure Group exudes confidence that the slight increase in oil prices, planned investments in Duqm and commissioning of the new airport will provide a fillip to the economy What in your opinion will be the big trends of 2018 in Oman and globally? The macroeconomic situation seems to be getting […]

Banking & Finance
Broad money supply in Oman rises 3.2 per cent to RO16.1bn

Broad money supply M2 (M1 plus quasi-money) of banks in Oman grew by 3.7 per cent to reach RO16.1bn at the end of October 2017 during the same period in 2016. Narrow money stock (M1) registered a year-on-year (YoY) decline of 1.9 per cent to reach OMR5 billion, at the end of October 2017. However, […]

Christian Baudat
Delectable choices

  Rotana Hotel Management Corporation has ambitious plans, with 1,500 rooms in the pipeline. A new property at Al Mouj Muscat is scheduled to open in 2020, says Christian Baudat, Area General Manager – Abu Dhabi, Al Ain and Oman in an interview with Oommen John P   As one of the newest hotels in […]

Ooredoo, National Electricity Centre to build Oman’s first IoT network

Ooredoo has signed an agreement with National Electricity Centre (NEC) to build a state-of-the-art Internet of Things (IoT) network system to facilitate the seamless convergence of wireless technologies, micro-electromechanical systems (MEMS), micro services and the internet. Planned for completion in Q1 2018, the network will be powered by technology sourced from Sagemcom, Europe’s leading communications […]