Category: News

News
waveslider
Real estate deals in Oman topped OMR395 million

A total of 36,616 transactions worth OMR395,434,390 were conducted in the real estate sector during November 2015, Abdallah bin Salim Al Makhini, Secretary of the Real Estate Registry at the Ministry of Housing has said.

Industry
refinery
Oman’s Orpic set to sign $5bn plastic plant pact

Engineering, procurement and construction (EPC) contracts for the $5 billion Liwa Plastic Industries Complex will be signed by the Oman Refineries and Petroleum Industries Company (Orpic) on December 17 at Inter-Continental Hotels.

Banking & Finance
Moodyslider
Moody’s global banking outlook 2016: Banks’ financial strength to improve but pressures persist

While banks in many countries have improved their capitalization and strengthened their balance sheets, risks — including weakening asset quality in emerging markets — could derail progress, according to Moody’s Investors Service in its just-published report “Global Banking 2016 Outlook: Macro Challenges, Regulation Will Offset Improved Fundamentals.”