The government has identified tourism as a sector with strong growth potential and a key source of jobs for Omani nationals, while a steady increase in arrival numbers is demonstrating growth in Oman’s tourism industry, according to a new report from the country’s National Centre for Statistics and Information (NCSI).
Oil fell for the third time in four days as ministers from the Organisation of Petroleum Exporting Countries (Opec) arrive in Vienna to discuss production policy.
In recognition of consistency in performance and strategic investment decisions in the middle of challenging market conditions, Bank Muscat Asset Management has won the ‘Oman Asset Manager of the Year’ award by Global Investor.
A BP board-level committee has visited BP Oman and the Khazzan field to review safety, ethics and environmental performance, demonstrating the company’s ongoing commitment to the Sultanate despite the challenges currently facing the oil and gas industry.
The Information Technology Authority (ITA) organized an Interactive Workshop for the National eTendering Project as part of the Authority’s ongoing eTransformation Plan. The main objective for the meet is to interact with government entities which are not yet part of the system, address their concerns and challenges, and take forward the implementation of the eTendering system in their respective ministries.
Redefining exclusive and relationship based Islamic banking experience, Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has launched Hafawa Priority Banking service for high saving Meethaq customers.
Faced with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts warn much more needs to be done.
Private deposits at commercial banks in the Sultanate as at the end of September 2015 rose by 7.98 per cent to OMR11,575.6 million from OMR10,719.5 million in the same period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).