The Meethaq Shari’a Supervisory Board led by Sheikh Dr. Ali Qaradaghi, Chairman, held the fourth meeting of 2015 to review the fourth quarter performance and growth strategy for 2016 of Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat.
Sultanate’s total number of fixed telephone lines including post- and pre-paid, public, WLL, and ISDN channels registered a growth of 13.7 per cent during the first 10 months of 2015.
Veolia, the global leader in optimized resources management, today showcased the construction progress of the extension site of Sur desalination plant in Oman.
Total assets of commercial banks increased by 15.7 per cent to OMR28.3 billion in October 2015 from OMR24.5 billion a year ago. Of the total assets, credit disbursement accounted for 65 per cent and increased by 10.4 per cent as at the end of October 2015 to OMR18.4 billion.
The Dubai Department of Tourism and Commerce Marketing (DTCM) the principal entity tasked with delivering Dubai’s tourism vision of attracting 20 million visitors by 2020, has announced the launch of a new GCC trade marketing and communications strategy to further reinforce Dubai’s positioning and offering to GCC guests.
With the Middle East, and in particular the GCC, emerging as major international air travel hub, aviation security will be a key point of interest at Intersec 2016, the world’s leading trade fair for security, safety, and fire protection.
A prolonged period of oversupply will keep oil prices lower for longer and continue to pressure issuers in the oil and gas industry in 2016, particularly those in the exploration & production (E&P) and drilling and oilfield services sectors (OFS), says Moody's Investors Service.
National Bank of Oman (“NBO”) announced that it has been named the ‘Bank of the Year - Oman’ at The Banker’s 16th Annual Bank of the Year Awards. The prestigious accolade was presented to NBO at a ceremony held recently in London.
Oman’s crude oil production rose 3.05 per cent or by 995,708 barrels per day to 29.87 million barrels in November.