Category: INDUSTRY

COMPANIES
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OER Summit discusses new HR, Finance imperatives

OER Finance & HR Summit 2017 and Top 20 Award  held at Sheraton Oman on May 24, under the auspices of His Excellency Dr Rasheed bin Al Safi Huraibi, Chairman, Oman Tender Board, discussed the new HR and Finance imperatives in the Sultanate and across the region. The Summit discussed a range of business solutions related to […]

Health Care
Neopharma invests OMR92 million in pharmaceutical plant, clinical studies
Neopharma invests RO92mn in pharmaceutical plant, clinical studies

Neopharma, one of region’s leading pharmaceutical manufacturing companies, has invested a total of OMR92 million towards diabetes management in the Gulf Cooperation Council (GCC) and global markets. These investments include OMR10 million in a state-of-the-art Japanese factory, OMR28 million in the acquisition of patents and licenses and an additional investment in clinical studies amounting to […]

ECONOMY
Aqar launches Q Centro convenient shopping centre
Aqar launches Q Centro convenient shopping centre

Aqar, a leading real estate developer in the Sultanate, has launched a modern concept in community retail centre called Q series brand. As part of the initiative to buld convenient stores, the group has launched Q Centro within the Rimal Bausher real estate project. Mohamed bin Abdullah Al Khonji, chairman of Al Khonji Real Estate […]

Banking & Finance
PDO
PEIE signs RO50m finance deal with BankDhofar

Public Establishment for Industrial Estates (PEIE) has signed an agreement with BankDhofar to provide OMR50 million to finance several infrastructure projects undertaken by the PEIE in different industrial estates. Eng. Ahmed bin Hassan Al Dheeb, undersecretary at the Ministry of Commerce and Industry and chairman of PEIE, said that the agreement with BankDhofar aims at […]

Manufacturing
scaffolding factory
PDO-backed scaffolding factory opens in Sohar

A new factory backed by Petroleum Development Oman (PDO) and specialising in providing scaffolding products and services to Omani industry has been officially opened in Sohar under the auspices of Dr Mohamed Al Rumhy, the Minister of Oil and Gas. Triangle Engineering will supply the Sultanate’s oil and gas and construction sectors and act as […]

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 […]



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