Moody’s Investors Service on Tuesday assigned a definitive rating of A1 to the Omani rials certificates to be issued by Oman Sovereign Sukuk SAOC, a special purpose vehicle incorporated in Oman and wholly owned by the Government of Oman.
Wood Mackenzie has released the key findings of one of its latest studies prepared for Africa Oil Week – Fiscal systems for oil in Sub Saharan Africa – which identifies the main themes emerging as nations across the region revise their fiscal policies.
Bank Muscat, the flagship financial institution in the Sultanate, on Wednesday (28 October 2015) announced the Q3 financial results, approved by the board of directors. The bank posted a net profit of RO 136.2 million for the 9-month period ending 30 September 2015 compared to RO 126.7 million reported during the same period in 2014, an increase of 7.5 per cent.
Oman expanded its first issue of sovereign Islamic bonds, selling 25 percent more than originally planned due to strong demand, the finance ministry said in a statement on Tuesday.
A new report, Innovation in life sciences: An emerging markets perspective, by The Economist Intelligence Unit, commissioned by Dubai Science Park, was released on Tuesday identifying success factors in driving innovation in the life sciences industries of a diverse group of countries, from China and Brazil to Costa Rica.
CSR Oman 2015, a summit that brings together the Omani business community to debate and discuss the changing role of CSR, kicked off today, highlighting the need for greater cooperation and sustainability in Oman.
Oman will adjust to lower oil prices by using public private partnerships (PPP) and involving the private sector in a bid to boost economic growth, according to H.E. Dr. Ali Massoud Al Sunaidy, the Minister of Commerce & Industry, speaking at MEED’s Oman Projects Conference on 26 October.
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, hosted a forum on SME development in the oil and gas sector, with Raoul Restucci, Managing Director of Petroleum Development Oman, as the guest of honour.
At a time of uncertainty created by the precipitous fall in oil prices and oversupply, the International Energy Agency (IEA) said on Monday that prices could go up from mid-2016 with supplies tightening due to a drop in investment and falling US output.