Category: Uncategorized

Banking & Finance
CBO
Islamic banks post 32% growth in financing

Oman’s Islamic banks and window operations have shown a robust year-on-year growth of 31.82 per cent (OMR700 million) in financing at OMR2.9 billion by the end of September 2017, as against OMR2.2 billion in the same period last year. Such robust growth in Islamic finance shows that Sharia-compliant banks have been able to establish themselves […]

COMPANIES
OMAn LNG 1
Oman LNG to fund two key community projects in Sur

                        In celebration of Oman’s 47th National Day, Ahmed bin Abdullah al Shuhi, Minister of Regional Municipalities and Water Resources, laid foundation stones for two key projects funded by Oman LNG in Sur. The projects include establishing a fishermen loading jetty at Al Barr […]

News
National Life
Leading brokerage houses back National Life’s share offer

Leading brokerage houses in Oman have backed the initial public offering of National Life and General Insurance Company, which will close subscription on November 20. “Overall, we rate the IPO as an above average issuance which gives investor an exposure to the leading insurance company in Oman with exposure in the GCC markets. Our weighted […]

Oman Air B737 MAX fleet to fly with Thales AVANT IFE System

Oman Air, the National Carrier of the Sultanate of Oman signed an agreement with Thales on the sidelines of the Dubai Airshow, to equip its B737 MAX fleet for developing its Inflight entertainment systems As one of the respected airlines of the  region  with a focus on service excellence and the promise of the highest […]

OER TV
Oil&Gas-1
Khazzan: Investing for Oman’s future

BP has a long history in the oil and gas exploration and production in the Middle East. It is a major investor in Oman and one of the world’s pioneers in tight gas production, bringing technology and experience to develop one of the Middle East’s largest unconventional gas resources – the Khazzan field in Block 61.

Telal al Qurm begins road construction to facilitate easy access

Telal al Qurm, the leading real estate development in the Sultanate, has recently begun construction of a new road which will lead from the main road to the project itself. The new road will start at The Sultan Center and Al Harthy Commercial complex roundabout, and extend up to the project’s premises, providing easy and […]

Uncategorized
PDO donates fire trucks for training
PDO donates fire trucks for training

Petroleum Development Oman (PDO) has donated six fire tender trucks from its emergency vehicle fleet to the International College of Engineering & Management (ICEM). The trucks will be used to train students  in practical elements of their course work that are necessary In well engineering, health and safety, fire safety and facilities management. They were […]

Uncategorized
PDO 2
PDO helps 464 Omanis secure employment

Petroleum Development Oman (PDO) marked the graduation of 464 young Omanis from company-sponsored training schemes to take up full-time employment. A celebration event was held at Muscat’s Grand Millennium hotel to honour their success under the auspices of HE Dr Yahya bin Mahfoodh Al Mantheri, Chairman of the State Council. The jobseekers have qualified to […]

Uncategorized
Lean seminar
Lean engagements to boost profitability of businesses in Oman

A ‘leader’s forum’ was organised to highlight the concept of lean engagement and how it can play a role in transforming profitability of businesses in Oman by SSA International, a global management consulting company. The forum speakers included lean guru NC Narayanan (chairman, SSA Group), Said Ahmed Safrar (OIFC, CEO), Wayne Bryant (PDO, Lean Lead) […]

Bank Muscat’s Izdihar Real Estate Fund acquires prime property in Buraimi

Izdihar Real Estate Fund (Izdihar), managed by Bank Muscat, has announced the acquisition of a prime property in the Wilayat of Buraimi. The Buraimi Mall is the only mall of its kind in Buraimi offering a contemporary shopping experience. The tenants of the mall include a three screen cineplex, 50 stores and a large hypermarket. […]