Category: News

News
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Real estate activity in Oman rises to OMR3.22 billion

Total value of real estate activity in the Sultanate surged ahead by 42 per cent to touch OMR3.22 billion for the first nine months of 2015, compared to the same period last year, the statistics released by the National Centre for Statistics and Information (NCSI) shows.

Industry
moody
GCC insurance market poised for further growth

Despite being a small insurance market, the Gulf Cooperation Council (GCC) remains the fastest growing insurance region, outpacing all other markets with top line growth of close to 15% in 2014, says Moody’s Investors Service in a new report published today.

Energy
oil
World Bank revises oil price forecast to $52

The World Bank has said it is lowering its 2015 forecast for crude oil prices from 57 dollars per barrel in its July report to 52 dollars per barrel. This is according to the bank’s new Commodity Markets Outlook, a quarterly update on the state of the international commodity markets.

Energy
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Shell Oman launches #MyOman45 National Day Campaign

The Sultanate of Oman is gearing up to celebrate the 45th National Day, which will give the citizens and residents of the Sultanate an opportunity to express their pride and love for the nation and its great leader His Majesty Sultan Qaboos bin Said.