Category: Uncategorized

Work on Duqm bus unit to start on Thursday

Foundation stone laying ceremony to build the Sultanate’s first bus assembly unit, which will have an initial capacity to assemble 1,000 buses per year, will be held on Thursday. The new project is a strategic partnership between Qatar Transport, the national transport company in Qatar that owns 70 per cent stake of the company, and […]

Oman’s SGRF to develop port, industrial zone in Tanzania

A major integrated project to develop a port and an adjoining industrial zone in Tanzania by the Sultanate’s State General Reserve Fund (SGRF), along with its partner China Merchants Ports (CMPorts), has received approval from the Government of Tanzania. The proposal included dredging of the navigational channel, construction of a port and logistics park, and […]

Chinese trade delegation to visit Oman from today

Chinese delegation will visit Oman from Sunday to discuss economic relations between the two countries. The delegation will be led by Lee Qun, executive vice governor of Shandong Province and the aim is to boost trade ties and enhance investments in different areas. During the visit, the Chinese delegation will meet H E Yahya bin […]

Incubation conference in Oman to open next week

The preparations are in full swing for the Incubation Conference 2017, which will be organised by the National Business Centre (NBC) on December 5 and 6, 2017 at Hormuz Grand Hotel, Muscat – Oman. The event will be inaugurated by Yahya bin Said Al Jabri, Chairman of the Special Economic Zone Authority in Duqm (Sezad). […]

Banking & Finance
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 […]

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 […]

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 […]

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 […]