Category: Zighlights

Technology
Mictro Soft
Microsoft appoints new country manager for Oman, Bahrain

Microsoft on Monday announced the appointment of Saif Hilal Al Hosni as the country manager for Microsoft Oman and Bahrain. In his new role, Al Hosni will spearhead Microsoft’s efforts to assist public and private-sector organisations in Oman and Bahrain with their digital transformation journeys, as both countries continue to implement their long-term economic-reform programmes. […]

Hospitality
Golden Group hotel
Movenpick to manage Golden Group’s hotel at Al Mawaleh

Golden Group Holding  signed a hotel management agreement with Movenpick Hotels & Resorts to manage Movenpick Hotel Muscat at Al Mawaleh within the mixed-use project. The project includes a four-star Movenpick Hotel, modern offices, luxury apartments and retail outlets. The project has a total area of 16,000 square metres and a total investment of OMR60 […]

COMPANIES
Galfar wins
Galfar wins $15mn contract from Petrofac

Galfar Engineering and Contracting Company has been awarded a subcontract for an engineering, procurement and construction package for the Salalah LPG project of Salalah SFZCO by Petrofac E&C Oman for around $15 million. The completion period of the works of the subcontract is 17 months. “This is an important contract to Galfar and further serves […]

Aviation
Aviation Academy deal
Oman Aviation Academy inks pact with CAE

The Omani Authority for Partnership for Development (OAPFD) has signed a service-level agreement with CAE to support the Oman Aviation Academy (OAA). This agreement was pursuant to the Partnership for Development (PFD) programme established between OAPFD and CAE earlier this summer. The service-level agreement was signed by Dr. Dhafir Awadh Al Shanfari, Chief Executive Officer […]

COMPANIES
MCDC IPO
MCDC share sale roadshow evokes investors’ interest

Following the launch of the initial public offering (IPO) of Muscat City Desalination Company (MCDC) SAOG (under transformation), investors’ interest is gathering pace. The company, alongside its issue manager – Bank Muscat Investment Banking, held an IPO roadshow with key investors, as well as research analysts from brokerage houses. Investment opportunities in IPOs of the […]

Banking & Finance
Bank Sohar Vision
Bank Sohar collaborates with Vision to offer insurance services

As part of its consistent efforts to provide a diverse bundle of products and services to customers across the Sultanate, Bank Sohar recently signed an agreement with leading Omani insurer Vision Insurance to offer motor, home and travel insurance, as part of its non-life insurance products under the Bank Sohar A’ Tameen Al Mumayaz brand. […]

News
Karwa
Foundation stone laid for bus manufacturing project in Duqm SEZ

    The foundation stone for Karwa Motors project, a strategic partnership project between Oman and Qatar, was laid in Duqm Special Economic Zone on Thursday, under the patronage of HE Yahya bin Saeed Al Jabri, chairman of the Special Economic Zone Authority at Duqm (SEZAD).  Also gracing the event with their presence were    Khalid […]

COMPANIES
CMA
National Finance plans RO22mn rights issue

National Finance Company has decided to convene an extraordinary general meeting on December 14 to seek approval from shareholders for raising its paid-up capital to OMR49.68 million from OMR27.93 million by way of a rights issue of 217.6 million shares. The rights share will be issued at a price of 127 baisas, which include a […]

Manufacturing
SGRF
Oman’s SGRF to develop port, industrial zone in Tanzania

A major integrated project to develop a port and an adjoining industrial zone in Tanzania by the Sultanate’s State General Reserve Fund (SGRF), along with its partner China Merchants Ports (CMPorts), has received approval from the Government of Tanzania. The proposal included dredging of the navigational channel, construction of a port and logistics park, and […]

ECONOMY
Bunkering in Duqm
Oman Oil launches fuel bunkering at Port of Duqm

Oman Oil Marketing Company has started its fuel bunkering operations by barge at Port of Duqm as part of its drive to expand ship-to-ship services in the Sultanate’s maritime logistics hubs. Developed in line with the most stringent international environment and marine safety fuel measures, the new services will play an integral role in the […]