Category: News

ECONOMY
MSMslide
Oman share index falls on sustained profit taking

Sustained profit taking dragged down the MSM30 Index by 0.51 per cent to end the session at 5,948.56 points. The MSM Sharia Index closed at 887.32 points, up by 0.05 per cent. OIFC was the most active in terms of volume while Oman Cables led in terms of turnover.

ECONOMY
Ruwislide
Exclusive: OER presents 17th annual review of Oman’s top 20 leading listed companies for 2015

As stated in the World Bank’s Global Economic Prospects report, the global growth disappointed again in 2015, and is expected to recover at a slower pace than previously forecast. “More than 40 per cent of the world’s poor live in the developing countries where growth slowed in 2015,”… said World Bank group president Jim Yong Kim. Growth fell short of expectations in 2015, to 2.4 per cent, from 2.6 per cent in 2014.

ECONOMY
Omaneconomy
Oman targets French market, to conduct ‘Invest in Oman’ roadshow

Building on existing strong trade and investment ties, a top-flight delegation led by the Public Authority for Investment Promotion and Export Development (Ithraa), Oman’s inward investment and export development agency, will head for Paris next week to conduct a three-day Invest in Oman Roadshow.

Energy
saudislider
Saudis open new phase in Asia oil market: Reuters

According to a recent report, Saudi Arabia has sold a spot crude cargo to an independent Chinese refiner, marking a new phase in the turf war for dominance over Asia’s oil market. This sends a strong message to its rivals Russia and Iran.