Category: News

Health Care
almadina
Al Madina Investment announces RO72 million healthcare complex

Al Madina Investment SAOG – one of the leading investment companies in Oman announced today a RO72 Million integrated healthcare complex to be constructed in Hail Al Seeb. In a press conference to announce the project, officials from Al Madina Investment unveiled plans to open launch a 225-bed tertiary care hospital, 120 keys three-star hotel apartments, 300 residential apartments, a fitness centre and a dedicated retail space within the premises. The multi-use healthcare complex will be known as Al Madina International Hospital with an anticipated opening in 2018.

Banking & Finance
NBO night view
NBO mandates five banks for bond sale meetings

National Bank of Oman (NBO) has mandated five leading banks to arrange investor meetings starting tomorrow ahead of a potential capital-boosting bond sale. In a statement to the Muscat Securities Market, the bank said it has mandated Bank of America-Merrill Lynch, Citigroup, Credit Agricole, National Bank of Abu Dhabi and Standard Chartered for the potential offering.

Industry
Sohar
MENA power sector making record investments

Major power contracts worth over $65bn were awarded throughout the MENA region between September 2014 and September 2015, according to MENA Power 2016 – the latest market intelligence report from MEED Insight.

Health Care
hospital
MENA healthcare spending to reach USD 144 billion by 2020

Healthcare spending in the Middle East and North Africa region is on its growth track to reach ~USD 144 billion by 2020, following enormous development witnessed over the last 10 years, according to estimates by Al Masah Capital. Crossing USD 95.8 billion in 2013, government spending in healthcare across the region tripled from just ~USD […]