31 C
Muscat, OM
Saturday, October 20, 2018

Telecom sector shows healthy growth in Oman

Subscribers of fixed line phone services in the Sultanate exceeded 420,000 at the end of September, as the subscribers of GSM services exceeded 6.5 million and active subscribers of mobile broadband exceeded 3.1 million.

PDO and GlassPoint break ground on landmark solar plant ‘Miraah’

Petroleum Development Oman (PDO) and GlassPoint Solar have broken ground on their landmark solar project ‘Miraah’. The site preparation and grading for the project, located at the Amal oilfield in southern Oman, began one month ahead of schedule.

HSBC Bank Oman doubles its international growth fund to OMR 40...

HSBC Bank Oman S.A.O.G. announced today that it is doubling the size of its SME-focused International Growth Fund, initially launched last year. HSBC is committing an additional OMR 20 million to Oman’s international and internationally aspirant SMEs, bringing the total value of the Fund to OMR 40 million.

AED3.2 billion worth of investment projects at Dubai Silicon Oasis

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA) today announced, that Dubai Silicon Oasis Authority is currently implementing investment projects with a cost of AED1.423 billion.

Al Madina Investment announces RO72 million healthcare complex

Al Madina Investment SAOG – one of the leading investment companies in Oman announced today a RO72 Million integrated healthcare complex to be constructed in Hail Al Seeb. In a press conference to announce the project, officials from Al Madina Investment unveiled plans to open launch a 225-bed tertiary care hospital, 120 keys three-star hotel apartments, 300 residential apartments, a fitness centre and a dedicated retail space within the premises. The multi-use healthcare complex will be known as Al Madina International Hospital with an anticipated opening in 2018.

Rolls-Royce to unveil Tiger Phantom Coupé at Dubai motor show

Rolls-Royce Motor Cars will showcase the breadth of its unparalleled Bespoke programme at next week’s Dubai International Motor Show as it unveils a one-off special commission - the Bespoke Tiger Phantom Coupé.

NBO mandates five banks for bond sale meetings

National Bank of Oman (NBO) has mandated five leading banks to arrange investor meetings starting tomorrow ahead of a potential capital-boosting bond sale. In a statement to the Muscat Securities Market, the bank said it has mandated Bank of America-Merrill Lynch, Citigroup, Credit Agricole, National Bank of Abu Dhabi and Standard Chartered for the potential offering.

Capital Intelligence affirms Ahlibank FSR ratings at BBB

The international credit rating agency Capital Intelligence (CI) on Tuesday said that it has affirmed Oman-based Ahli Bank’s financial strength rating (FSR) at ‘BBB’, in view of the bank’s very sound loan asset quality.

Falling oil prices impacts Saudi, UAE private sectors

According to a key indicator released on Tuesday, the slump in oil prices affecting growth in private sectors in the two biggest Arab economies.

MENA power sector making record investments

Major power contracts worth over $65bn were awarded throughout the MENA region between September 2014 and September 2015, according to MENA Power 2016 - the latest market intelligence report from MEED Insight.
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