Category: Uncategorized

OER’s September Issue: 100 Most Powerful CEOs in Oman

Shining stars OER’s annual listing of the 100 Most Powerful CEOs in Oman is out. The September issue features 100 of Oman’s  CEOs who have been shortlisted based on their ability to build companies and institutions, create winning teams and achieve consistent financial results. According to Mayank Singh, Group Editor & Director-Business Operations, “The success of these […]

Bank Nizwa partners with Axis Bank

Bank Nizwa partnered with Axis Bank, India’s third largest private sector bank, to provide its customers with fast, convenient, and competitive rates to transfer and receive funds in over 120 banks and over 80,000 branches across India. The partnership offers a real-time rupee remittance facility, based on using the innovative and automated Axis Remit Direct. […]

Editor's Pick
Oman’s nominal GDP grew by 8.7% in 2017

The preliminary data for Sultanate’s national accounts indicate that nominal gross domestic product (GDP) grew by 8.7 per cent during 2017 as compared to a contraction of 3.0 per cent in 2016. The recovery in oil price since the second half of 2017 resulted in hydrocarbon sector growth at 20.8 per cent during the year […]

Port of Salalah expands operations

The Port of Salalah, Oman’s major regional gateway port and transshipment hub on the Arabian Sea, recently received four new rubber tyre gantry cranes (RTGs) to stay ahead of the operational needs of customers. The RTGs incorporate a number of features designed to be safer, more environmentally-friendly and reduce equipment downtime. This procurement is part […]

$100-million hi-tech alloy wheel plant to come up in Sohar

Sohar Aluminium partnered with their latest downstream customer, Synergies Castings Ltd, the leading manufacturer of aluminium alloy wheels in India. The agreement will begin with the construction of a $100-million hi-tech alloy wheel manufacturing plant situated in the Sohar Industrial Estate adjacent to Sohar Aluminium premises. Construction is scheduled to begin in the coming months […]

iSustainability conference
iSustainability conference in Salalah from August 29-30

Oman’s first intelligent sustainability conference is set to feature top local and international organisations on the topics of sustainability and technology. The conference will be held at the Hilton Salalah between August 29 and 30, 2018, under the patronage of Mohammed Salim Al Tobi, Minister of Environment and Climate Affairs. It will feature presentations from […]

oman economy
Omani Economic Indicators Highlight Sultanate Economic Diversification Efforts

Oman’s economic indicators showed advanced levels and stages in the plans and efforts of economic diversification during the last period. Some of the key strategic projects achieved many gains according to performance indicators issued by the Implementation Support and Follow-up Unit (ISFU). While work is continuing at a good pace in other projects, some projects […]

Shell Intilaaqah launches new workshop series

Shell Intilaaqah’s “Aspire and Inspire” programme has launched its second workshop series entitled, “How to Become a Successful Business Owner,” in a bid to equip aspiring Omani entrepreneurs with the skillsets needed to develop their business plans and feasibility studies. The workshop, which was organised following the success of its first phase, will be held […]

Bank Nizwa, Zubair SEC join hand to support SMEs

Bank Nizwa has teamed up with the Zubair Small Enterprises Centre (Zubair SEC), a social impact initiative by the Zubair Corporation, to support the growth of small and medium enterprises (SMEs) in Oman, in a move reflecting its strong dedication to become the financing platform of choice for entrepreneurs. With the aim of facilitating trade […]

Majid Al Futtaim first half revenue rises by 13%

Majid Al Futtaim has announced its preliminary and unaudited operational and financial results for the first six months of the year, with overall group revenue rising by 13 per cent to Dh17.8 billion and Ebitda growing by 4 per cent to Dh2.1billion. The group’s assets are valued at approximately Dh60.7 billion, with a net debt […]