Sunday 1 March 2015
 
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Oman

Bank Dhofar gets shareholder nod for capital plans

Bank Dhofar, Oman's second-largest bank by assets, won shareholder approval for plans to raise its capital by as much as $300 million, including through the issuance of capital-boosting bonds, it said on Saturday. The lender s

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OFP, Sharakah to set up Nizwa factory

Oman’s OFP has signed an agreement with Sharakah, an investor that supports the development of entrepreneurs and SMEs in the sultanate, to receive financial support to set up a manufacturing unit, a report said. Sharakah and

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Oman names 2 desal schemes ‘special projects’

Oman has labelled two new upcoming water desalination schemes in the Batinah coast as “Special Projects” paving the way for their procurement under the Sultanate’s Sector Law, a report said. The special designati

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Oman's non-oil sector posts steady growth

The non-oil sector in Oman grew steadily by an average of 10.33 per cent annually over the 2010-2013 period mainly driven by the expansion under way in the sultanate's tourism industry, said an

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Oman's non-oil sector posts steady growth

The non-oil sector in Oman grew steadily by an average of 10.33 per cent annually over the 2010-2013 period mainly driven by the expansion under way in the sultanate's tourism industry, said an

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Shapoorji Pallonji JV wins $220m Oman contract

A joint venture (JV) of Shapoorji Pallonji Mideast (SPML) has won a RO85 million ($220 million) construction contract for package 3 of Oman Convention and Exhibition Centre (OCEC) project, said a report. The two-year contract was

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Nama Group in strategic Oman forestation deal

The Environment Society of Oman and Nama Group (formerly known as Electricity Holding Group) have signed a memorandum of understanding to fund a project to boost the forestation in the Governorate of Dhofar. The duo also signed a

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Oman launches future development strategy

Oman has launched its National Spatial Strategy, a major initiative which aims to develop the sultanate’s future planning system, a report said. The Supreme Council for Planning is overseeing the preparation of the Oman Nati

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3 new retailers open at City Centre Qurum

City Centre Qurum, a family destination of choice developed by Majid Al Futtaim in Oman, has opened three new retail stores, demonstrating its commitment in sustaining the changing demands of the community. The newly-opened stores

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Oman awards major Duqm road contract

Oman authorities have awarded a major contract to build the main road, service road and other related works as part of the Duqm township development plan, said a report. The work includes expansion of the main road into a dual car

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