Category: News

News
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Impact of low oil prices on construction sector

On the face of it, Oman’s construction industry has been adept at negotiating a weak oil price. But it is going through a steep learning curve where there is no dearth of new challenges such as payment delays and shortage of workers. A. Harikumar examines if the sector is getting equipped to convert such imponderables […]

ALL ROUND IMPROVEMENT

David Aziz, CEO, Automotive Products, MHD hopes that the company’s offerings will continue to attract customers irrespective of the macroeconomic scenario.

SUSTAINED GROWTH

Innovative products and services are the means of growth for the financial services sector, says Tonny George Alexander, CEO of Oman UAE Exchange.

WEALTH OF OPPORTUNITIES

There are many tourism projects currently in progress and various international hotel chains that are set to open in the next couple of years. In addition, with the opening of the new Muscat International Airport, the Sultanate will have the capacity to welcome a lot more travellers, says Garry Friend, General Manager, Grand Hyatt.

CASCADING EFFECT

Ahmed Amor Al-Esry, Managing Partner, Ernst & Young Oman shares his insights on oil prices and its ramifications for Oman’s economy. An OER report.

LOOKING AHEAD WITH CAUTIOUS OPTIMISM

Expansion of retail spaces and the preference of the populace for different types of retail experiment will fuel the growth momentum, says P Chandrasekhr, Group General Manager, Jawad Sultan Group. The year 2014 will end as per our expectation, given the fact that there have been changes globally and in the region, on political and […]

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Anwar
RESPONSIBLE GROWTH

The year 2015 is expected to be a buoyant one for the infrastructure sector in Oman, says Reji Joseph, CEO of Al Anwar Holdings.

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A TRENDSETTER

The outlook for Oman’s economy is positive and in view of the government’s commitment to infrastructure development and industrialisation; Bank Muscat anticipates considerable growth opportunities, says AbdulRazak Ali Issa, Chief Executive. An OER interview.

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GEARED TO MEET CHALLENGES

Overall reduction in property values and new projects will see reduction or no growth in property, engineering and energy sectors. Medical and life segments may however see growth, albeit at a slower pace, says A R Srinivasan, CEO, Falcon Insurance Company.

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kumar
CREATING BROAD NICHES

N S Vijaya Kumar, CEO, Infrastructure Group, Khimji Ramdas is not worried about the year ahead, but strikes a cautionary note on 2016. An OER report.