Saturday, November 17, 2018

Meethaq Shari’a Board reviews growth strategy

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.
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Subscribers of fixed telephone lines rise 13.7 pc in Oman

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.
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Veolia’s Sur water plant expansion to be finished by mid-2016

Veolia, the global leader in optimized resources management, today showcased the construction progress of the extension site of Sur desalination plant in Oman.
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Bank assets grow by 16 per cent to OMR28b

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.
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Dubai tourism eyes bigger growth, set to attract more GCC visitors

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.
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Global annual spend on airport security would surge to US$12.67 billion...

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.
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Moody’s: Persistent low oil prices stress global oil & gas issuers

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.
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National Bank of Oman named Bank of the Year – Oman

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.
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Oman’s crude oil production up 3 per cent in November

Oman’s crude oil production rose 3.05 per cent or by 995,708 barrels per day to 29.87 million barrels in November.
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Real estate deals in Oman topped OMR395 million

A total of 36,616 transactions worth OMR395,434,390 were conducted in the real estate sector during November 2015, Abdallah bin Salim Al Makhini, Secretary of the Real Estate Registry at the Ministry of Housing has said.
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