Category: Zighlights

Manufacturing
Oman Porcelain launches metallic, large-sized tiles
Oman Porcelain launches metallic, large-sized tiles

Oman Porcelain Company has launched a premium and exclusive range of lavish metallic and large-sized tiles called Metallica and Garnde respectively, at the recently held India Oman Business Meet in Sohar. The product lines were unveiled under the auspices of HE Eng Ahmed Bin Hassan Al Dheeb, undersecretary of the Ministry of Commerce and Industry, […]

Banking & Finance
OAB
Oman Arab Bank opens Qurum branch

Oman Arab Bank (OAB) has officially opened their new flagship branch located in Qurum. The new branch relocated from its previous location in the Al Araimi complex to a more prominent and easily accessible location at the Burj Al Amal in Qurum. With the opening of the customer centric branch, OAB aims to deliver enhanced […]

News
SGRF to take over MSM
SGRF to take over Muscat Securities Market

    The board of directors of Capital Markets Authority on Saturday decided to convert Muscat Securities Market to a company fully owned by the State General Reserve Fund. MSM will be listed and offered for public subscription in the future. The decision was taken in its third meeting this year under the chairmanship of […]

POWER
Nama
OETC has no plans to raise fund, says Nama group

Nama Holding said that its subsidiary Oman Electricity Transmission Co. has no plans to raise additional fund this year as the firm has already raised $500 million earlier this year. The company was responding to a wrong international agency report, which said Nama group is planning for a $500 million sukuk programme. Nama Holding has […]

Hospitality
Image licensed to Lloyd Images
Alila Jabal Akhdar internationally recognised as Oman’s Top Resort

Alila Jabal Akhdar, the boutique resort by Omran, Oman’s tourism development company, has been named as the top Oman resort and ranked 3rd in the Middle East in the internationally recognised, Condé Nast Traveler Middle East, Readers’ Choice awards, 2017. Setting the benchmark for international travel destinations, the Alila Jabal Akhdar showcases the natural beauty […]

Banking & Finance
OBA farewell reception for Hamoud Sangour Al Zadjali
OBA hosts farewell reception for Hamoud Sangour Al Zadjali

The Oman Banks Association (OBA) hosted a farewell reception in honour of Hamoud Sangour Al Zadjali, who has stepped down as the longest serving Executive President of the Central Bank of Oman (CBO). The reception organised at the Chedi Muscat Hotel was attended by HE Tahir Salim Al Amri, Executive President of CBO, AbdulRazak Ali […]

ECONOMY
CBO
Omani banks achieve 5.9 per cent growth in credit at OMR23b

Omani banks, including Islamic institutions, achieved a year-on-year growth of 5.9 per cent in total credit at OMR23 billion by August-end this year. Credit to the private sector alone grew by 6.4 per cent to OMR20.8 billion as of the end of August 2017, the Central Bank of Oman (CBO) said in its latest monthly […]

Energy
Muscat-Sohar pipeline, Al Jefnain terminal start operation
Muscat-Sohar pipeline, Al Jefnain terminal start operation

Commercial operations at the $320 million-Muscat Sohar Product Pipeline (MSPP) project through its main fuel terminal in Al Jefnain have been started by Oman Oil Refineries and Petroleum Industries Company (Orpic). The $320 million investment is one of Orpic’s strategic growth projects, which will deliver more than 50 per cent of Oman’s fuel via the […]

ECONOMY
CMA
Oman Qatar Insurance allots shares

Oman’s stock market watchdog Capital Market Authority has approved the allocation of Oman Qatar Insurance Company in accordance with an allocation policy. The shares are allocated to the small investors category at 100 per cent, while the second category of major investors are allocated 63.224 per cent on pro-rata basis. The total volume of shares […]

Insurance
National Life2
National Life’s IPO to open on October 22

National Life and General Insurance Company’s OMR21.2 million-Initial Public Offering will open for a one month subscription on October 22. The company is offering 66.25 million shares at an offer price of 320 baizas per share. As per the Capital Market Authority’s mandate, 65% of the IPO is reserved for retail investors and 35% is reserved […]