Category: News

Oman’s Orpic set to sign $5bn plastic plant pact

Engineering, procurement and construction (EPC) contracts for the $5 billion Liwa Plastic Industries Complex will be signed by the Oman Refineries and Petroleum Industries Company (Orpic) on December 17 at Inter-Continental Hotels.

Banking & Finance
Moody’s global banking outlook 2016: Banks’ financial strength to improve but pressures persist

While banks in many countries have improved their capitalization and strengthened their balance sheets, risks — including weakening asset quality in emerging markets — could derail progress, according to Moody’s Investors Service in its just-published report “Global Banking 2016 Outlook: Macro Challenges, Regulation Will Offset Improved Fundamentals.”

Numbers add up for Oman’s tourism sector

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).

Oman’s inflation falls in second quarter

Oman’s inflation of the producer price index (PPI) declined by 13.9 per cent in the second quarter of 2015 compared to the same quarter last year, according to data released by National Centre for Statistics and Information (NCSI).