Category: News


  The traditional industry leaders and fast growing younger companies walked away as winners in the annual AIWA Awards for Best Performing Companies, held on 10th September. This year marked the eighth edition of the annual AIWA Awards. Top five best performing companies, based on their performance on select seven financial parameters in the financial […]

Editor's Pick
Banking sector credit in Oman grows by 6 per cent till June 2018

The several regulatory amendments issued recently by the Central Bank of Oman (CBO) enabled more space for banks to extend credit for stimulating economic activities in the Sultanate. The combined balance sheet of conventional and Islamic banks and windows (other depository corporations) indicate that the total outstanding credit extended by other depository corporations (ODCs) increased […]

duqm refinery
Duqm Refinery launches Majlis series of community meetings

Duqm Refinery launched a series of community meetings (Majlis) under the auspices of Sheikh Mua’thad bin Mohammed Al Yaqoubi, governor of Al Wusta. This event was organised as part of the project managements’ strong belief that initiating positive interaction with the surrounding communities was one of the cornerstones for the success of the project. The […]

Omantel Investor Conference focuses on creating long-term shareholder value

Omantel hosted an investor conference recently with an objective to discuss company’s business prospects with Investor Communities. The Omantel Investor Conference, organised in cooperation with Gulf Baader Capital Markets (GBCM), was held at Kempinski Hotel, Al Mouj Muscat. Omantel’s chief executive highlighted in his presentation to the investors the company’s future strategy to create growth […]

WHOC - Day 2 - Exhibition
World Heavy Oil Congress & Exhibition lays roadmap to energy mix of the future

More than 3,000 international industry professionals and experts are addressing challenges and discussing opportunities across the heavy oil value chain at the 2018 World Heavy Oil Congress & Exhibition (WHOC).  Held for the very first time in the Middle East at the Oman Convention & Exhibition Centre in Muscat, the event is one of the […]

GlassPoint -
GlassPoint, PDO launch SolaRISE technology centre

GlassPoint Solar, the leading supplier of solar energy to the oil and gas industry, has launched SolaRISE, a new technology center in partnership with Petroleum Development Oman (PDO). SolaRISE, standing for Solar Research, Innovation and Sustainability in Energy, is a joint initiative formed to develop and test next generation solar technologies in the oilfield environment. […]

Omantel launches new Nama packages

Omantel has launched new and improved all-in-one Nama packages, presenting unrivalled options and benefits, for enterprise customers offering them more flexibility and options with up to 60GB of flexible data packages that work in Oman and across the GCC and up to 40 per cent discount on International calling. Starting as low as RO 5 […]

Ithraa awards
Ithraa wins international award for Corporate Excellence

Ithraa, Oman’s investment promotion and export development agency, was honoured  at the Savoy Hotel in Sharm El Sheikh, Egypt with the 2018 Corporate Excellence Award for Public Administration. Presented by the Excellence Awards Academy the accolade recognizes Ithraa’s contribution to the field of inward investment and growth of Oman’s non-oil exports. Accepting the prestigious award […]

Port of Duqm Ad A4
Assarain, DILC sign pact for mega block plant in Duqm

Assarain Concrete Products Duqm (ACPD), part of the Assarain Group, has signed a 25-year-long usufruct (land) renewable lease agreement for a sizeable plot of 60,000 square metres with Duqm Industrial Land Company (DILC), a subsidiary of Port of Duqm Company (PDC). The event was graced and presided over by Reggy Vermeulen, CEO, Port of Duqm, […]