Tuesday, December 18, 2018

Oil prices resume decline as Opec ministers gather for policy meeting

Oil fell for the third time in four days as ministers from the Organisation of Petroleum Exporting Countries (Opec) arrive in Vienna to discuss production policy.
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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).
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Bank Muscat wins Oman Asset Manager of the Year award by...

In recognition of consistency in performance and strategic investment decisions in the middle of challenging market conditions, Bank Muscat Asset Management has won the ‘Oman Asset Manager of the Year’ award by Global Investor.
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BP board visit demonstrates commitment to Khazzan project

A BP board-level committee has visited BP Oman and the Khazzan field to review safety, ethics and environmental performance, demonstrating the company’s ongoing commitment to the Sultanate despite the challenges currently facing the oil and gas industry.
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e-Tendering national project urges government entities to join

The Information Technology Authority (ITA) organized an Interactive Workshop for the National eTendering Project as part of the Authority’s ongoing eTransformation Plan. The main objective for the meet is to interact with government entities which are not yet part of the system, address their concerns and challenges, and take forward the implementation of the eTendering system in their respective ministries.
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Meethaq launches Hafawa Priority Banking service across Oman

Redefining exclusive and relationship based Islamic banking experience, Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has launched Hafawa Priority Banking service for high saving Meethaq customers.
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Gulf braces for austerity as oil income slump bites

Faced with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts warn much more needs to be done.
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Private deposits of Omani banks grow

Private deposits at commercial banks in the Sultanate as at the end of September 2015 rose by 7.98 per cent to OMR11,575.6 million from OMR10,719.5 million in the same period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).
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Muscat and Salalah airports footfalls rise 16%

Total passenger traffic, including transit and transfer passengers, going through the Muscat International Airport rose 16 per cent to 8,466,973 passengers until October 2015, up from 7,312,502 passengers for the same period of 2014.
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Nama Group signs power project contracts worth OMR159m

Nama Group has recently sponsored the “Business Opportunities Forum” as a gold sponsor. The forum was orgnised by Oman Chamber of Commerce and Industry’s (OCCI) that was held on the 16th to 17th of November at the Oman Exhibition Center.
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