Category: News

Oman’s non-oil GDP grows 3.7% in first half

Gross domestic product (GDP) for non-oil sector in the first half of 2015 recorded a growth of 3.7 per cent to reach OMR8,949.0 million compared to OMR8,626.0 million in the corresponding period of 2014, official statistics showed.

Health Care
Al Madina Investment announces RO72 million healthcare complex

Al Madina Investment SAOG – one of the leading investment companies in Oman announced today a RO72 Million integrated healthcare complex to be constructed in Hail Al Seeb. In a press conference to announce the project, officials from Al Madina Investment unveiled plans to open launch a 225-bed tertiary care hospital, 120 keys three-star hotel apartments, 300 residential apartments, a fitness centre and a dedicated retail space within the premises. The multi-use healthcare complex will be known as Al Madina International Hospital with an anticipated opening in 2018.

Banking & Finance
NBO night view
NBO mandates five banks for bond sale meetings

National Bank of Oman (NBO) has mandated five leading banks to arrange investor meetings starting tomorrow ahead of a potential capital-boosting bond sale. In a statement to the Muscat Securities Market, the bank said it has mandated Bank of America-Merrill Lynch, Citigroup, Credit Agricole, National Bank of Abu Dhabi and Standard Chartered for the potential offering.