Category: Zighlights

Dealing with digital threats

EY’s MENA cybersecurity centre in Muscat is the first of its kind in the region, serving clients across the Middle East and North Africa. It will protect regional companies against emerging digital threats EY has opened a multimillion MENA Digital Security Operations Centre (DSOC) in Muscat. Using EY’s latest award-winning cyber analytics platform, the 24-hour […]

Banking & Finance
Bank Dhofar
BankDhofar signs financing deal with SSDC

BankDhofar signed an agreement with the Salalah Sanitary Drainage Services Company (SSDC) to finance the expansion of its Raysut treatment plant. The finance agreement was signed at the Salalah Sanitary Drainage Services Company’s headquarters in the Governorate of Dhofar. Representing BankDhofar at the signing ceremony was Kamal Hassan Al Murazza, general manager and chief wholesale […]

Bank Nizwa
Islamic finance workshop highlights opportunities for entrepreneurs, SMEs

As part of their Islamic finance knowledge programme, Bank Nizwa, Takaful Oman Insurance and Al Kawthar fund organised their latest workshop in Sohar to highlight the promising and sustainable business opportunities available to entrepreneurs and Small and Medium sized Enterprises (SMEs) in the sphere of the Islamic finance sector. Focusing on development opportunities provided by […]

MoT Omran
MoT will manage legislation; Omran will take care of execution

The Ministry of Tourism (MoT) on Sunday signed an agreement to transfer five projects to Oman Tourism Development Company (Omran) as a first stage. The agreement was signed by H E Maitha bint Saif al Mahrouqiyah, Undersecretary in the Ministry of Tourism, and Peter Walichnowsk, CEO of Omran. Abdullah bin Salim al Hajri, assistant director […]

PDO opens three public Majlises in Shaleem

Petroleum Development Oman (PDO) has officially inaugurated three public majlises in Wadi Aarah, Zakher and Fatkhait at wilayat Shaleem in an event which was attended by PDO External Affairs and Value Creation Director Abdul Amir bin Abdul Hussain Al Ajmi in the presence of the Wali of Shaleem His Excellency Sheikh Mohamed Berham Ba Omer, […]

Banking & Finance
Robust growth

The total outstanding credit extended to banks in Oman by other depository corporations stood at OMR23.3 billion at the end of October 2017, registering a growth of 6.2 per cent over the same period in 2016. The banking sector in Oman continued to witness reasonable growth in both credit and deposits. The combined balance sheet […]

Oman’s trade volume stands at RO15bn

 The total volume of trade between Oman and its 10 main partners during 2016 amounted to OMR15.25 billion, representing 80.2 per cent of the total trade volume of Oman, with the surplus in trade balance for Oman reaching OMR466 million (not including refined oil). Data from the Department of Statistics in the Ministry of Commerce […]

Banking & Finance
ODB’s loan portfolio to touch RO411mn by 2022

Oman Development Bank (ODB) aims to achieve a double digit growth in loan portfolio with its total funding expected to reach OMR411 million by 2022, from the current OMR137 million in 2017. Presenting the new strategy of the ODB for the period between 2018 and 2022, Dr Abdulaziz bin Mohammad Al Hinai, CEO of the ODB. said […]

Octal Petrochemicals FZC
OCTAL drives two projects of Tanfeedh’s petrochemical lab

  OCTAL, the world’s largest integrated PET resin and sheet producer, will be driving two of the five projects identified during the Petrochemical Lab by Tanfeedh, the National Programme for Enhancing Economic Diversification. Mandated to advise on projects that will contribute to the diversification and growth of Oman’s GDP, the Salalah-based export powerhouse will help […]

Banking & Finance
Oman Arab Bank appoints acting CEO

The Board of Directors of Oman Arab Bank (OAB) has announced its endorsement of the CEO Amin Al Husseini’s recommendation to appoint his Deputy Rashad Al Musafir as acting CEO effective from February 1, 2018. The appointment is aligned with the Bank’s strategic transformation that started four years ago under the leadership of its CEO, […]