Contributing to local human capital development, GlassPoint Solar announced its Oman organisation has achieved 50% Omanisation. In 2015, the company expanded its national workforce from 11% to 50% of its Oman based employees, and is on track to surpass 70% Omanisation in the first quarter of next year.
Bank Muscat, the flagship financial services provider in the Sultanate, is offering a never-to-be-missed opportunity for citizens and residents to avail exclusive personal finance offerings in the concluding Open Day to be held at Al Mouj (The Wave).
Leading international multi-line insurer Zurich has announced that it will begin a phased closing to new retail and small business customers in its general insurance business in the Middle East, including the Sultanate of Oman, effective from November 30, 2015.
Businesses are eagerly awaiting Oman’s budget for 2016 and its 5-year plan for 2016-2020, both of which are expected to be decreed on 3 January 2016.
City Centre Muscat, the first and largest lifestyle shopping destination in Oman that is owned and operated by Majid Al Futtaim, will continue to celebrate the mall’s expansion and 20th anniversary of the City Centre brand with the launch of ‘Muscat Fashion Weekend.
Oman Electricity Transmission Company has recently won the Middle East 2015 Bonds, Loans and Sukuk Awards. This award is one of the most prestigious awards in this field, which aims to raise the bar of competition in Middle Eastern organizations to reach to global levels, and is the only award for Islamic Capital Markets.
Crude oil futures rose on Tuesday after Saudi Arabia pledged to work towards oil price stability, while a strong US dollar and an expected rise in US crude stocks kept the gains in check.
Duqm Development Company (DDC), which is developing Duqm Frontier Town, has awarded the construction contract of the operation and maintenance (O&M) building to Golden Horizon Trading & Contracting Company, a contractor specialised in the construction of residential complexes.
Muriya Tourism Development will welcome 2,500 Slovak tourists to Salalah Beach bringing the total number of European tourists arriving at the company’s flagship destination to more than 30,000 annually.