Category: Uncategorized

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 […]

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. […]

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Zubair SEC launches fifth round of Direct Support Programme

Zubair Small Enterprises Centre (Zubair SEC) launched the fifth round of its Direct Support Programme (DSP) in an event hosted by Hussam Muhammad Al Zubair, board member of The Zubair Corporation. The event was attended by executive management from various public and public sector organisations interested in the Small and Medium Enterprises (SMEs) sector, as […]

Port Sohar
Sohar Port inks $600mn oil storage contract with Trescorp

Sohar Port has signed a $600mn oil storage contract with Singapore-based Trescorp. The new facility will have six deep-water berths, with 25 metre drafts, one of them capable of receiving very large crude carriers (VLCCs) of up to 320,000 deadweight tonnage (dwt) — the so-called supertankers. The new terminal will occupy space in Sohar Port […]

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, […]

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 […]

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 […]

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 […]