Thursday, January 17, 2019

Weathering headwinds

Sheikh Waleed Al Hashar, CEO, Bank Muscat, talks about banking industry’s outlook for 2019 and the challenges facing the sector and the economy in...
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Gary Deakin on Automotive Market’s Recovery

Gary Deakin, Mercedes-Benz Oman’s General Manager Passenger Cars, is optimistic about the automotive market’s recovery and expects it to become more competitive in 2019 What...
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Omantel’s share of the market stands at 56 per cent

Omantel's share of the market now stands at 56 per cent and the company’s 4G network now covers 92 per cent of the inhabited...
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Oman Tower Company to build, manage towers for telcos

Oman Tower Company (OTC) signed two memoranda of understanding (MoUs) with Oman Telecommunications Company (Omantel) and Omani Qatari Telecommunications Company (Ooredoo) to build, lease...
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Mubadrah to develop Rusayl Industrial City

Oman Investment and Development Holding Company (Mubadrah) will develop Rusayl Industrial City, the first industrial estate to be managed and operated according to the...
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Pact signed for RO75mn CPC plant in Sohar

Sohar Port and Freezone signed an agreement with Sanvira Industries Limited to set up a calcined petroleum coke (CPC) plant in the freezone area....
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Islamic banks’ financing hits RO3.5bn

Islamic banking entities provided financing to the extent of OMR3.5 billion at the end of September 2018, an increase of 20.7 per cent over...
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Haya Water commences construction of Bausher 1 plant

Haya Water recently began the construction work in Bausher 1 aiming to establish a Waste Water and Treated Water Networks. The total cost of...
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Bank Nizwa teams up with Takaful Oman to offer Sharia-compliant car...

Bank Nizwa has joined forces with Takaful Oman Insurance to offer Sharia-compliant car insurance to its growing customer base across the Sultanate. Customers wishing...
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Oman’s budget deficit plunges 36.1%

The Oman government’s budget deficit plunged 36.1 per cent to OMR2.04 billion during the January-October period of 2018 due to a surge in government...
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