Category: News

Lulu finalises $300m Malaysian launch plan

The Middle Eastern retail major Lulu Group is in the final stages of starting its operations in Malaysia with the first hypermarket slated to open in coming February in Kuala Lumpur city (Jalan Munshi Abdullah).

Oman’s Shura discusses draft budget, 9th plan, oil price fall impact

Majlis Al Shura hosted Darwish bin Ismail Al Balushi, Minister Responsible for Financial Affairs, Deputy Chairman of the Financial Affairs and Energy Resources Council, Dr. Ali bin Masud Al Sunaidy, Minister of Commerce and Industry, Deputy Chairman of the Supreme Council for Planning, and Sultan bin Salim Al Habsi, Secretary General of the Supreme Council for Planning, to discuss 2016 draft budget and draft 9th five-year plan (2016-2020).

Market capitalisation of bonds, sukuk crosses OMR1.8b

Market capitalisation of bonds and sukuk traded on the Muscat Securities Market (MSM) has crossed OMR1.8 billion, reflecting a continuation of the growth the bourse achieved over this year after listing the first OMR250 million worth of sovereign sukuk issued by the Sultanate’s Government.

Bank Muscat supports 3rd Business Opportunities Forum

Bank Muscat, the flagship financial services provider in the Sultanate, as part of its ‘Let’s Do More’ vision and commitment to partnership in sustainable development, extended support to the 3rd Business Opportunities Forum organized by Oman Chamber of Commerce and Industry under the auspices of HH Sayyid Haitham bin Tareq Al Said, Minister of Heritage and Culture. The 2-day event held at Oman International Exhibition Centre highlighted the investment opportunities in Oman.

Muscat street
Real estate trading in Oman surges ahead to OMR3.4b

Total traded value of real estate activity in the Sultanate reached OMR3,420.1 million by the end of October, reflecting a 40.7 per cent rise, compared with the same period in 2014, data from the National Centre for Statistics and Information (NCSI) revealed.