Category: News

Sohar Port
Sohar Port signs deal with Dutch firm for waste water treatment plant

A Memorandum of Understanding (MoU) was signed between Sohar Port and Freezone and Netherlands-based Strukton International for the development of a revolutionary waste water treatment plant at the port. The agreement was signed on the sidelines of the visit of Sigrid Kaag, Minister of Foreign Affairs and Minister for Foreign Trade and Development for the […]

Maisarah sets up RO200mn sukuk programme

Maisarah Islamic Banking Services of BankDhofar has successfully set up a OMR200 million sukuk programme for Golden Group. Maisarah acted as the sole lead and issue manager on the sukuk programme, which is considered as the largest in Oman established for a corporate entity. “The set-up of programme and successful issuance of first tranche is […]

Port of Salalah
Port of Salalah handles record cargo in Jan 2018

After handling record volumes of 13.58 million tonnes in 2017, the Port of Salalah continued to deliver strong performance in January 2018 by handling 1.55 million tonnes, breaking its previous monthly volume record set just over six months ago. “Our general cargo services business delivered strong growth in January thanks to the plans our commercial […]

Oman Oil, Omifco, Omantel launch entrepreneurial platform at NBC

The National Business Centre (NBC) in cooperation with Oman Oil Company (OOC), Oman India Fertilizer Company (Omifco) and Oman Telecommunications Company (Omantel) launched OM.HUB, the entrepreneurial platform at NBC in Knowledge Oasis Muscat, under the patronage of Dr. Ali bin Masoud Al Sunaidy, Minister of Commerce and Industry. The inaugural ceremony also witnessed the signing […]

PEIE BankDhofar
PEIE teams up with BankDhofar to attract foreign investments

The Public Establishment for Industrial Estates (PEIE) and BankDhofar have signed a memorandum of understanding (MoU) with the aim of attracting foreign investments that will bring new industries, generate employment and industrialise the county further. The MoU focuses on a joint marketing of PEIE and Oman as an investment destination, visiting and attending meetings when […]

Oman Gas
Oman Gas to raise $1bn bridge loan

Oman Gas Co. is working with a group of banks to raise a bridge loan of slightly over $1 billion, which will later be refinanced via a US dollar bond issue, sources familiar with the matter said. The natural gas transport company, which was bought by state-owned Oman Oil Company in 2013, will use the […]

Inflation at 1.6 per cent in 2017

The annual average inflation in the Sultanate was 1.6 per cent last year. However, the economic activity in the Sultanate improved in 2017 after having contracted in the previous two consecutive years mainly due to the recovery in crude oil prices. The average price of Omani Crude during 2017 stood at $51.30 per barrel as […]

SEZAD signs two contracts worth RO48mn

The Special Economic Zone Authority in Duqm (SEZAD) has signed two agreements with contracting firms for building service corridors between Duqm Refinery, Duqm Port and the planned liquid berth. The first contract for building two service roads with a contract value of OMR38.8 million will connect Duqm port area with the refinery. The contract, which […]

PDO to sponsor vocational training of 1,500 Omani jobseekers

Petroleum Development Oman (PDO) has unveiled a significant new employment commitment by sponsoring the vocational training of 1,500 Omani jobseekers to work in the security industry. The on-the-job training will last for two months with suitable candidates learning vital security and safety skills. On successful completion of the programme, they will take up employment with […]

Sohar Free Zone
Sohar Port to participate in Gulfood expo

Sohar Port and Freezone is participating in Gulfood 2018, which will begin on February 18 and will continue until February 22 at the Dubai World Trade Centre. Gulfood is the region’s largest annual food, beverage, and hospitality exhibition and attracts food and beverage professionals from around the world. “It is a great platform to promote […]