With the exhibition of 12 developed applications produced by Omani developers, The Information Technology Authority (ITA) celebrated the conclusion of Oman Summer of Code 2015 yesterday at Muscat Grand Mall under the auspices of Dr. Salim Bin Sultan Alruzaiqi, CEO of ITA and with the presence of a number of IT specialists, academic and professionals.
Petroleum Development Oman (PDO) and GlassPoint Solar have broken ground on their landmark solar project ‘Miraah’. The site preparation and grading for the project, located at the Amal oilfield in southern Oman, began one month ahead of schedule.
HSBC Bank Oman S.A.O.G. announced today that it is doubling the size of its SME-focused International Growth Fund, initially launched last year. HSBC is committing an additional OMR 20 million to Oman’s international and internationally aspirant SMEs, bringing the total value of the Fund to OMR 40 million.
Al Madina Investment SAOG – one of the leading investment companies in Oman announced today a RO72 Million integrated healthcare complex to be constructed in Hail Al Seeb. In a press conference to announce the project, officials from Al Madina Investment unveiled plans to open launch a 225-bed tertiary care hospital, 120 keys three-star hotel apartments, 300 residential apartments, a fitness centre and a dedicated retail space within the premises. The multi-use healthcare complex will be known as Al Madina International Hospital with an anticipated opening in 2018.
Rolls-Royce Motor Cars will showcase the breadth of its unparalleled Bespoke programme at next week’s Dubai International Motor Show as it unveils a one-off special commission – the Bespoke Tiger Phantom Coupé.
National Bank of Oman (NBO) has mandated five leading banks to arrange investor meetings starting tomorrow ahead of a potential capital-boosting bond sale. In a statement to the Muscat Securities Market, the bank said it has mandated Bank of America-Merrill Lynch, Citigroup, Credit Agricole, National Bank of Abu Dhabi and Standard Chartered for the potential offering.
The international credit rating agency Capital Intelligence (CI) on Tuesday said that it has affirmed Oman-based Ahli Bank’s financial strength rating (FSR) at ‘BBB’, in view of the bank’s very sound loan asset quality.
Healthcare spending in the Middle East and North Africa region is on its growth track to reach ~USD 144 billion by 2020, following enormous development witnessed over the last 10 years, according to estimates by Al Masah Capital. Crossing USD 95.8 billion in 2013, government spending in healthcare across the region tripled from just ~USD […]
His Excellency Eng. Salim bin Nasser Al Aufi, Undersecretary of Ministry of Oil and Gas, visited BP Oman’s Khazzan field on 27th October to review progress of the project as BP prepares to deliver first gas in 2017.