Category: INDUSTRY

Banking & Finance
NBO - Muzn Privileged Banking Launch
Muzn Islamic Banking Launches Dedicated Privilege Banking

Muzn Islamic Banking, the Islamic Banking window of National Bank of Oman, has launched a Privileged Banking service which offers exclusive Shari’a compliant financial solutions that address the banking, investment, and lifestyle needs of our customers. Nasser Salim Said Al Rashdi, Chief Commercial Banking Officer of the National Bank of Oman, said: “Muzn’s Privilege Banking […]

Dhofar Automotive Showcases Prominent Models at Muscat City Centre

Dhofar Automotive, the official distributor of Chrysler, Jeep, Dodge, and RAM Vehicles in Oman, recently put its most prominent models on display at Muscat City Centre. The display, which was present at the main lobby area from May 13 to 29, offered customers and fans the perfect opportunity to better understand the capabilities of these […]

Banking & Finance
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 […]

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 […]

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 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 […]

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 […]

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 […]

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 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 […]