Category: Zighlights

Banking & Finance
Bank Muscat
Bank Muscat posts RO44.81mn net profit

Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary results for three months ending March 31, 2018. The bank posted a net profit of OMR44.81 million for the period, compared to OMR44.23 million reported during the same period in 2017, an increase of 1.3 per cent. The bank’s net interest income from […]

Best Banks in Oman 2018 Survey
Promising prospects

The OER-GBCM Best Banks in Oman survey 2018 reflects a steady performance despite a challenging business environment The banking industry is going through a process of rapid change and transformation. This is being driven by a multiplicity of factors like myriad  regulations, disruptive models and technologies, enhanced competition and customers with heightened expectations. According to […]

Best NBFCS in Oman 2018 Survey
Best Banks
Tiding over challenges

2017 was a challenging year for non-banking finance companies in Oman. There was stress on the net margin due to the liquidity crunch in the local market and the consequent increase in the cost of funds. Banks’ penetration into vehicle financing and SME funding further reduced the market share forcing NBFCs to offer very competitive […]

Production of Petroleum products rises by 25.8%

The total production of refineries and petroleum industries rose 25.8 per cent at the end of February 2018 compared to the output recorded during the same period in 2017, according to statistics released by the National Centre for Statistics and Information (NCSI). The statistics showed that the production of regular grade petrol (Mogas 91) surged […]

HR and new age technologies

Nick Babington, Regional Director-MENA of Saba, talks about the increasing role of artificial intelligence and machine learning technologies in HR practices. Muhammed Nafie reports Saba has been named as a leader in Learning Management three years in a row by IDC. What differentiates your offerings in the market? We know that when people work, learn […]

Cover Story-3
Stabilising the market

Salim bin Nasser Al Hadhrami – Director General, Planning & Development, Ministry of Manpower says the government’s efforts to create jobs for Omanis is yielding the desired results. Excerpts from an interview What measures are being taken by the Ministry of Manpower to create more jobs for Omanis? In its bid to employ national manpower, […]

Oman oil average price rises 36.6 per cent in January

The average price of a barrel of Omani crude oil increased by 36.6 per cent at the end of January 2018 to reach to $60.8 per barrel compared to $44.5 at the end of January 2017, according to the data released by the National Centre for Statistics and Information (NCSI). These statistics show that the […]

Cover Story
cover jobs
Employ versus employability

Training for skills and work ethic, focus on vocational education, an enabling regulatory environment and speeding up the diversification process can create job opportunities for young Omanis on a sustained basis. Mayank Singh reports Though the decision had a been there, done that ring it still came as a surprise. More so as it lay […]

Tourims award
Sultanate bags eight prizes at Arab Tourism Media awards

The Sultanate won eight prizes at the tenth edition of the Arab Tourism Media Oscar awards for this year in line with the tourism and economical renaissance witnessed by the country. These prizes included that of Best Governmental Personality Supporting Arabian Tourism for the year 2017. Sheikh Salim bin Ahmed Al Ghazali won the prize […]

Oman Business Forum
Oman Business Forum launched

Oman Business Forum, organized by the Diwan of Royal Court, was opened at Oasis Club today under the auspices of Sayyid Khalid bin Hilal al- Busaidi, Minister of the Diwan of Royal Court. The forum aims to strengthens partnership between the public and private sector. The forum has received great attention from His Majesty Sultan […]