Tuesday, November 13, 2018

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...
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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...
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State Council okays proposal to amend economic law

The State Council session on Wednesday, examined and approved the proposal on its study of the Education and Research Committee titled ‘Revising the Duplication...
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Investcorp’s portfolio firm acquires majority stake in Omani company

Investcorp’s portfolio company, NDT Corrosion Control Services Co. (NDT CCS), announced the acquisition of a majority stake in Hi-Tech Inspection Services, Oman’s largest provider...
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Ministry plans to cancel expired commercial registrations

The Ministry of Commerce and Industry will cancel a number of expired commercial registrations which have not been renewed. The ministry will transfer these...
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PASSION FOR EXCELLENCE

The government’s diversification policies focus on ICT, SME, tourism and logistic sectors. There are umpteen opportunities in these sectors, which the young entrepreneurs should...
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SUPPORTING NATIONAL INITIATIVES

Meethaq attains leading position in Islamic banking service In about three years of operations, Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat,...
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Premiums paid to insurance firms reached RO442m in 2015

Total direct premiums paid to insurance companies in 2015 amounted to RO442mn, up by 11.5 per cent compared to 2014, with ROR396.52mn direct premiums. Vehicle...
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Values Matter

Asaad Al-Kharusi, Head - Products and eBanking, Meethaq Islamic Banking – Bank Muscat, one of the NTI BizPro Awards winners, believes that values, purpose,...
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