Category: INDUSTRY

Retail
General Enterprises Company 2
General Enterprises Company commences operations in Oman

General Enterprises Company ( GECO) , part of the Albatha Retail & Home Products Group, of Albatha Holding, UAE,  recently commenced  its operation in the Sultanate, after having recently acquired the official agency for distribution of  leading home appliances brands including INDESIT Home Appliances (Italy), WESTPOINT Home Appliances (France), Fratelli Home Appliances (Italy) GLEMGAS Cookers (Italy), […]

Insurance
Vision insurance
Vision acquires Dubai-based asset management firm

Vision Investment Services (Vision) has acquired A/T Capital Management (A/T Capital), an asset management firm based in the Dubai International Financial Centre (DIFC). A/T Capital was established in 2008 and invests in Middle Eastern equity markets, mainly for international institutional investors. A/T Capital has had a consistent track record of generating excess returns in regional […]

Manufacturing
Duqm
SEZAD signs land leasing agreement for RO225mn cement plant

  A land lease agreement for building a large cement plant in Duqm with a capital expenditure of OMR225 million was signed by the Special Economic Zone Authority of Duqm (SEZAD) with Al Wusta Cement Company LLC. Al Wusta Cement Company LLC is promoted by Raysut Cement Company and Oman Cement Company. According to a […]

ECONOMY
Orpic
Orpic’s Mina Al Fahal Refinery to undergo major turnaround

A major planned turnaround and maintenance activity is currently being undertaken at Oman Oil Refineries and Petroleum Industries Company’s (Orpic’s) Mina Al Fahal Refinery for 45 days, between October 3 and November 16, 2017. This shutdown, to ensure Orpic’s operations run safely and smoothly at all times, will be used to execute a number of […]

Technology
Ooredoo CEO
Ooredoo to expand 4G coverage to 90 per cent with 1,000 new locations

Ooredoo is taking data experience leadership to the next level with a massive network boost, digital experience and the launch of a group-wide brand campaign: Enjoy the Internet.   The company will be adding a massive 1,000 new locations to expand its 4G coverage to cover 90 per cent. Addressing a press conference recently Ooredoo Oman […]

Banking & Finance
Ominvest Office Building 3
Ominvest plans to raise RO50mn in bond issue

Oman International Development and Investment Company is gearing up to publicly issue an RO50mn perpetual bond to seize future growth  Perpetual bonds valued at RO50mn will be issued by Oman International Investment and Development Company (Ominvest), a leading investment holding company in the Mena region. The bond issue, which will be a public issue, will […]

ECONOMY
Duqm Developement Company
Duqm Development Company signs agreement with India’s Adani Ports

  A Memorandum of Understanding (MoU) was recently signed by the Duqm Development Company SAOC (Tatweer) with India’s Adani Ports and Special Economic Zone Limited in New Delhi. The agreement is aimed at exploring better investment opportunities in the Special Economic Zone at Duqm. The pact also stipulates on setting an official and framework for […]

Industry
Port Sohar
Sohar Port inks $600mn oil storage contract with Trescorp

Sohar Port has signed a $600mn oil storage contract with Singapore-based Trescorp. The new facility will have six deep-water berths, with 25 metre drafts, one of them capable of receiving very large crude carriers (VLCCs) of up to 320,000 deadweight tonnage (dwt) — the so-called supertankers. The new terminal will occupy space in Sohar Port […]

COMPANIES
Shell
Shell Oman celebrates Shell Eco-marathon 2017 teams

Shell Oman organised a special ceremony to recognise the student teams that represented Oman in Shell Eco-marathon Asia 2017, which was held in Singapore earlier this year. The ceremony was held under the auspices of HH Sayyida Dr Mona bint Fahd al Said, assistant vice-chancellor for international cooperation, Sultan Qaboos University. The teams from Sultan […]