A foundation stone laying ceremony for the Sino-Omani Industrial City will be conducted in the Special Economic Zone of Duqm on April 19. The ceremony will be attended by Wang Heshan, deputy governor of Ningxia Province, Yahya bin Said Al Jabri, chairman of the Special Economic Zone Authority of Duqm (Sezad) and officials from the […]
Oman Refineries and Petroleum Industries Company (Orpic) said that the capacity of its polypropylene plant will be raised to 340,000 tonnes of high quality polypropylene per annum from 200,000 tonnes a year now. This is considered an achievement for the company, which started operations in 2006. Faisal Al Hajri, Orpic’s regional sales manager for Middle […]
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 […]
A high-powered Indian trade delegation visited Oman recently to enhance trade relations and seek investment opportunities in various sectors in the Sultanate, especially in small and medium enterprises. The ten-member delegation from the PHD Chamber of Commerce and Industry, India’s oldest trade body, is led by Anil Khaitan, vice-president of the chamber. The delegation members represent […]
Kunooz Oman Holding, one of the Sultanate’s major mining companies has plans to come up with an initial public offering (IPO) in the first half of 2017. “The company, which has a paid-up capital of RO16mn, has received initial approval to offer 25 per cent stake in Kunooz Oman to the investing public through a […]
In keeping with its promise to support and develop Omani Small & Medium Enterprises (SME’s) and as part of its strong commitment to maximise the In Country Value (ICV), Orpic recently signed an important project contract with Al Batina International Engineering & Services LLC for Warehouse Facilities Improvement at its premises in Sohar Industrial Port.
SOHAR Port and Sohar Free zone is ideally positioned to serve as a food trade hub between Iran and Brazil, Jamal T Aziz, Deputy CEO said. He made the remarks in a meeting on Iran-Oman trade that took place at the Iran Chamber of Commerce, Industry, Mine and Agriculture in Tehran on Wednesday.
NIMR International LLC has been appointed as the authorized distributor for the complete line of Valvoline high-performance automotive and industrial products in Sultanate of Oman market.
Bloomberg reports that Saudi Arabia’s stock exchange will cut the amount of assets foreigners must have under management to invest directly in the nation’s stocks, as it plans changes designed to attract more cash from overseas.
The Reuters reports that Saudi Arabian construction company Saudi Binladin Group has laid off about 77,000 foreign workers and plans to cut thousands of jobs held by Saudi nationals.