Tuesday 21 October 2014
 
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Oman

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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Oman residential market stable in Q3

The rental market has stabilised in Oman's capital Muscat with no change experienced in the average rents of two- and three-bedroom apartments during the third quarter, said a report. The rental value growth for two- and three

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Sultan in good health, says Oman

Sultan in good health, says Oman after medical tests Oman's Sultan Qaboos, in Germany since July for medical tests, is in good health, state media quoted the royal court as saying last night. A statement by the

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BP awards $730m drilling deals for Oman project

BP has awarded two drilling contracts worth $730 million for the development of its Oman's Khazzan tight gas project, it said. It said it has awarded work worth more than $400 million to KCA Deutag for the construction and ope

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HJB wins $51m Sohar Industrial Estate job

Hasan Juma Backer Trading and Contracting (HJB) has secured a RO19.8-million ($51.42 million) infrastructure development contract, which is part of the Phase Seven expansion of the Sohar Industrial Estate in Oman. Work on the contract,

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