Category: INDUSTRY

Changes to Omani insurance companies law

The recent amendments to Omani Insurance Company Law require all insurance companies in Oman to be incorporated or registered as public joint stock companies with a minimum paid-up share capital of RO10mn.

IN EXPANSION MODE

Oman Air has embarked on a major expansion programme to enhance fleet strength to 55 aircraft by 2017. Airline plans to launch new services to Manila, Jakarta and Goa. Oommen John P reports.

Perfection personified

Joshua Bell and The Academy of St Martin in the Fields left the audience enthralled with their magical renditions.

Standing tall

Oman’s real estate market is experiencing fast-paced growth thanks to various enabling factors such as enhanced infrastructure spending, a favourable demographic, interest from regional investors and business growth. Mayank Singh reports.

Quality matters

Assarain Concrete Products was awarded “Best Manufacturer of Construction materials- Concrete Products” for its modern infrastructure and quality concrete products.

Exploring new vistas

Medical insurance posted a whopping 38 per cent growth over 2012, marking the highest rise among different insurance segments, according to the latest statistics released by the Capital Market Authority

Sustained growth

With the real estate sector showing an impressive growth in recent years, the focus has now been shifted to bringing effective regulations.

In cruise control

Mustafa Ahmed Salman, CEO of United Securities is confident about the Muscat Securities Market’s potential to yield high returns in FY2014.

Values matter

Al Habib and Company financially supported and sponsored a series of children’s books, as part of its CSR initiative, Ali Malallah Habib, Chairman of the company tells Oommen John P.