Category: Uncategorized

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 […]

CBO launches Islamic liquidity management project

A kick off meeting for the Islamic Liquidity Management Project was held between the Central Bank of Oman (CBO) and Thomson Reuters at the CBO premises. This meeting comes in light of the selection of Thomson Reuters to develop innovative solutions and tools for liquidity management in the Islamic banking sector in accordance with Sharia […]

Oman-South Korea
Oman, South Korea sign MoU to establish smart cities in Duqm

Oman and the Republic of Korea recently signed a memorandum of understanding (MoU) on cooperation between the two sides to establish smart cities. The MoU was signed on the sidelines of the Oman-Korea Business Forum, which was organised recently. The Forum aimed to develop a study on the importance of investment factors, projects and fields in relation […]

Leading Gen-set brand takes centre-stage at Al Naba seminar

Al Naba Equipment & Supplies, part of the well-diversified Omani business group Al Naba Holding, recently showcased the world-leading capabilities of India and UK renowned Pai Kane brand of Power generator sets, Power solutions and engineering products at an exclusive industry event at Radisson Blu Hotel, Al Khuwair – Muscat. Goa-based Power Engineering (India) Private […]

Oman’s third cement factory to start operations this year

Suhar Cement, coupled with several new cement projects coming up in Duqm Special Economic Zone, is expected to reduce Oman’s construction sector’s dependence on imported cement   The construction of Suhar Cement, Oman’s third cement mill jointly developed by Sohar Cement and UAE-based Fujairah Cement Co, is nearing completion and the plant is expected to […]

Babcock invests in Omani youth development

As part of its long-term commitment to Oman, Babcock has recently announced a partnership with educational training provider Outward Bound Oman. The partnership will see up to 72 young Omani’s undertake challenging four-day courses designed to develop their self-awareness, confidence, resilience, leadership and team work skills. First established in the UK in 1941, Outward Bound […]

Trainee photo May 18
Renaissance Services Developing Young Omanis

Two motivated groups of Omani trainee Cooks and Junior Stock Controllers were pictured recently at the National Hospitality Institute (NHI) and Maharat Training Institute respectively. They are training under the support of the National Training Fund (NTF) and have guaranteed employment from Renaissance Services. The trainees will be provided with theoretical knowledge and equipped with […]

real estate oman
Real estate deals in Oman rise by 4.2 per cent in April

Recovery continues on the real estate market in the Sultanate with sales showing a robust growth in the first four months of 2018, compared to the same period of last year. Reflecting the market trend, the total value of property transactions in Oman during January-April period of 2018 increased by 4.2 per cent to OMR1.01 […]