Category: Zighlights

Ushering in a new sensibility

David Aziz, CEO-Automotive Products, Mohsin Haider Darwish is confident that the company’s new facility for Jaguar Land Rover will lead to a quantum leap in customer service and satisfaction. Mayank Singh reports     You are rebuilding and remodelling the Jaguar Land Rover showroom in Muscat presently. What is the idea behind this revamp? This […]

Bank Muscat
Propelling Growth

Bank Muscat’s Meethaq Islamic Banking was recently felicitated with the Award for Outstanding Contribution to Strategic National Development Initiatives at New Age Banking Summit 2018. Deputy CEO, Sulaiman Al Harthy talks about the rising prospects of Islamic finance in Oman and Meethaq’s plans for tapping potential areas of growth. Muhammed Nafie reports How is Oman’s […]

Bob Dudley
‘Shale and reopening of Opec taps to cool oil market’

BP Chief Executive Bob Dudley expects a flood of US shale and the reopening of Opec taps to cool the oil market after crude rose above $80 a barrel this week. US President Donald Trump’s decision to exit an international nuclear deal with Iran and revive sanctions on the Opec member country, as well as […]

Oil oman
Oman’s crude oil production hits 29mn barrels

  The Sultanate’s production of crude oil and condensate in April 2018 reached 29,032,500 barrels, with a daily average of 967,750 barrels. Total exports of Oman Crude Oil in April 2018 reached 25,893,927 barrels, with a daily average of 863,131 barrels, according to the monthly report issued by the Ministry of Oil and Gas (MoG). […]

Omantel CEO1
Omantel posts net profit of RO57.4mn

Telecommunications company Omantel registered a net profit of OMR57.4 million in 2017, the company CEO Talal Mamari announced. Mamari added that the company’s net profit for the first quarter of 2018 was OMR18.1 million compared to OMR23.8 million in the first quarter of 2017. He pegged Omantel’s earnings before interest, tax, depreciation and amortisation (Ebitda) […]

Oman’s insurance sector contributes 1.63 per cent of GDP

Oman insurance sector contributed 1.63 per cent of the Sultanate’s gross domestic product (GDP) in 2017,  according to the Insurance Market Review 2017  issued by CMA. Highlighting the key events of the sector during FY 2017, the 14th edition of the Insurance Market Review covers indicators such as premiums, indemnities, number of policies, retention ratios, losses and financial indices […]

Rel Estate
wardat al riyam
Al Yousef to build premium residential apartments at Mutrah Bay

Al Yousef Group announced the launch of the first phase of its premium residential apartment project, Wardat Riyam, at Mutrah Bay, overlooking the sea. It is located adjacent to Riyam Park. The announcement was made by Dr Mohamed Bin Musa Al Yousef, Executive Chairman of Al Yousef Group, at a press conference. The developer of […]

OTE Petrabangla
OTI signs pacts with Petrobangla to supply LNG

Oman Trading International Limited (OTI) has signed a 10-year agreement with Petrobangla, the government-owned oil company of Bangladesh, to supply liquefied natural gas (LNG) to Bangladesh. OTI will supply a base volume of one million metric tonnes a year after the completion of the first two LNG import terminals currently being constructed in Bangladesh. “This […]

Gaining momentum

The Al Raid Group could very well serve as a role model for other companies in the residential, retail and hospitality sector. Not only has the company been successful with all of its ongoing projects in the present economic scenario, but it has also put together a fantastic blueprint and vision for the future. Excerpts […]

Oman Refco moving towards indigenous self-sufficiency

Four years from now, Oman Refco would be indigenously manufacturing all its products here in Oman itself. As of now, more than 88 per cent of the company’s products are manufactured in the Sultanate, while the remaining 12 per cent comes from UAE, Saudi Arabia and Egypt, says CEO, Youssef Ezzikhe, in an interview to […]