Category: Uncategorized

Omani banks achieve 6.1 per cent growth in credit at RO23bn

Omani banks, including Islamic institutions, have achieved a year-on-year growth of 6.1 per cent in total credit at OMR22.8 billion by July-end of 2017. Credit to the private sector alone grew by 6.8 per cent to OMR20.6 billion as of the end of July this year. Of the total credit extended to the private sector, […]

TELECOM
omantel
Omantel launches automated self-service cloud portal

Omantel has announced that it is launching an automated self-service cloud platform along with its cloud services subsidiary – Oman Data Park (ODP) – for customers to purchase virtual infrastructure and applications as well as automatically configure them. This offering is a step ahead of the current-generation of static services such as web hosting, domain hosting […]

COMPANIES
SAP
Awasr and SAP to launch cloud services to drive business growth    

The Sultanate’s internet service provider Awasr and global digital transformation enabler SAP has planned to launch cloud services to drive business and economic growth, and job creation. Enabling business competitiveness, Awasr will provide Oman’s organisations with business solutions running on the SAP HANA enterprise cloud. Using these cloud-based business solutions, Oman’s organisations can easily adopt […]

News
OQIC-IPO
Oman Qatar Insurance share offer opens for subscription

  Oman Qatar Insurance Company SAOG (under transformation), a leading insurance company in Oman, has announced the opening of its Initial Public Offering (IPO) for subscription. The company has appointed Ubhar Capital as financial advisor and issue manager for the IPO. The IPO entails offering of 25 million shares at an offer price of 160 […]

News
Omantel Zain
Omantel completes acquisition of Zain’s minority stake for RO326mn

Oman Telecommunications Company (Omantel) has won a bid to acquire 425.7 million treasury shares of Mobile Telecommunications Company (Zain), which represent 9.84 per cent at an offer price of 0.600 Kuwait dinar. The acquisition was for a total cash consideration of OMR325.6 million ($846.1 million), according to a press release. This announcement was made after […]

Manufacturing
voltamp 1
Voltamp to supply 4,900 transformers to Kahramaa

Voltamp Energy’s subsidiary, Voltamp Oman Transformer Company, has been awarded two contracts worthRO34mn for the supply of power transformers to the Qatar General Electricity and Water Corporation   Qatar General Electricity and Water Corporation (Kahramaa) has signed a QR350mn (RO34mn) contract with Voltamp Oman for the supply of 4,900 transformers for the electric distribution grid […]

ECONOMY
Customs begins services at Al Mazunah Free Zone Story Picture
Directorate General of Customs begins services at Al Mazunah Free Zone

The Directorate General of Customs has started providing services to investors, traders and operating companies at the Al Mazunah Free Zone from the beginning of this month. The services are provided at the customs area, which was prepared by the free zone as per the requirements in terms of gates, customs inspection, and electronic scales, […]

ECONOMY
OMRAN
Omran to complete phase 2 of OCEC by June 2018

      The fully integrated Oman Exhibition & Convention Centre (OCEC) precinct takes strides towards completion as this major project  already achieved the completion of Phase 1 – the Exhibition Center while Phase 2 – the Convention Center completion delivery is at advance stage with all the structural, civil and MEP works nearing completion […]

Industry
Pradeep Kumar Nair
Changing paradigms

Pradeep Kumar Nair, CEO of Sebacic Oman, talks about manufacturing sector’s role in Oman’s economic diversification and the potential of Duqm in redrawing the Sultanate’s industrial future   Manufacturing sector is a key plank in government of Oman’s economic diversification strategy. How are industries going to shape Oman’s economic future? Industrial growth is inevitable for […]