Saturday 25 October 2014
 
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Oman

Masdar signs $125m Oman wind farm deal

Masdar, Abu Dhabi’s renewable energy company, today signed a joint development agreement with Oman's Rural Areas Electricity Company (Raeco) to build the first large-scale wind farm in the GCC. The $125 million, 50 MW wi

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Masdar signs $125m Oman wind farm deal

Masdar, Abu Dhabi’s renewable energy company, today signed a joint development agreement with Oman's Rural Areas Electricity Company (Raeco) to build the first large-scale wind farm in the GCC. The $125 million, 50 MW wi

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Oman studying ways to curb spending after oil price plunge

Oman's government is studying ways to limit spending in the wake of the plunge of oil prices, but it does not intend to cut back infrastructure projects, a senior finance ministry official said. Among the wealthy Gulf oil exporters,

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Microsoft appoints new GM for Bahrain, Oman

Microsoft has appointed Sherif Tawfik as the new general manager for its operations in Bahrain and Oman. In this position, Tawfik will be driving the new Microsoft global vision of 'mobile first, cloud first' to a diverse

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Oman's Sohar port competing for traffic with Gulf rivals

An advertisement by the highway outside Dubai's massive Jebel Ali Port tells firms they don't need to ship goods through the Strait of Hormuz, the traditional gateway to the Gulf. Instead they can have goods delivered to a port in Oman,

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Bank Muscat Q3 net profit rises 2.5pc

Bank Muscat, Oman's largest lender, posted a 2.5 per cent increase in its third-quarter net profit on Wednesday, narrowly missing analyst estimates. The bank made a quarterly profit of RO40.39 million ($104.9 million) in the t

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Oman plans first big wind farm project at cost of $125m

Oman plans to build its first major wind farm at a cost of $125 million to generate electricity in its southern governorate of Dhofar, as part of efforts to limit the use of oil and gas in power generation.   Ele

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Oman to set up $200m wind farm

Oman plans to build its first major wind farm at a cost of $200 million to generate electricity in its southern governorate of Dhofar, as part of efforts to limit the use of oil and gas in power generation. Electricity demand is r

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Oman to set up $200m wind farm

Oman plans to build its first major wind farm at a cost of $200 million to generate electricity in its southern governorate of Dhofar, as part of efforts to limit the use of oil and gas in power generation. Electricity demand is r

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Oman sets up sharia board to boost Islamic finance

Oman's central bank has set up a sharia supervisory board to help oversee the sultanate's Islamic banking industry, a centralised model that is increasingly being adopted across the global industry but remains a rarity in the Gulf.

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