Bank Muscat, the flagship financial services provider in the Sultanate, has won a prestigious straight through processing (STP) award from Barclays Bank in recognition of operational excellence in the field of British Pound (GBP) payments processing.
A positive future and continued expansion will be the focus for Oman Air, as the airline starts the year of 2016 with their major global conference in Muscat, under the theme “To Become the Best”.
The International Monetary Fund warned of substantial risks in the major emerging market economies on Tuesday as it lowered its outlook for global economic growth this year.
Oman became the first major non-OPEC oil producer country to say it would slash its output by up to 10 per cent in coordination with other countries, in order to stabilize the oil market.
Global airline industry profits will remain strong amid lower fuel prices in 2016, supporting a positive outlook on the industry for the next 12 to 18 months, says Moody’s Investors Service.
Oman Tourism Development Company (Omran) has boosted resources to establish a dedicated investor relations Taskforce in order to field additional interest from private sector investors for the Mina Sultan Qaboos Waterfront Project.
Plunge of oil prices by 70% during the last 18 months and the non-encouraging indicators about oil price re-hike forced a number of countries to take certain measures to rectify their financial conditions, according to Mustafa Ruwais, an international economic.
As part of its National Objectives programme to create sustainable employment and training opportunities for Omani jobseekers, Petroleum Development Oman (PDO) has signed a co-operation agreement with the Oman Society of Contractors (OSC).
Moody’s Investors Service, (“Moody’s”) has assigned a provisional (P)A3 rating to the proposed OMR50 million equivalent sukuk notes to be issued by First Issue S.A.O.C., (“First Issue”), a 99% owned subsidiary of Oman Telecommunications Company S.A.O.G. (“Omantel”, A3 stable).