Wednesday 27 May 2015
 
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Oman

$5.6bn Oman-India pipeline plans on track

Work on a $5.6-billion deep-water pipeline project to carry natural gas from Oman to India could begin before the end of this year, a top official said. The pipeline has the potential to carry crude oil and other petroleum product

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Iran, Oman settle maritime borders

Iran's Foreign Minister Mohammad Javad Zarif discussed how to advance Yemeni peace efforts with his Omani counterpart on Tuesday, Iranian media reported, on a visit to a country that has often played a conciliatory role in Gulf conflicts.

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Acwa consortium inks Oman power project deal

Saudi-based Acwa Power, a leading water and power developer, owner and operator across 10 countries, has signed an agreement with Oman Power and Water Procurement Company (OPWP) for the development of the second phase of Salalah Independent Powe

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Ooredoo top social brand in Oman

Omani Qatari Telecommunications Company (Ooredoo), a leading telecom services provider, ranks number one among social media brands in terms of total follower base of local fans in Oman. The company has more than 133,000 Twitter fo

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Ooredoo top social brand in Oman

Omani Qatari Telecommunications Company (Ooredoo), a leading telecom services provider, ranks number one among social media brands in terms of total follower base of local fans in Oman. The company has more than 133,000 Twitter fo

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Oman keeps investing in diversification

Oman's government has responded to low oil prices by cutting spending on defence and subsidies while continuing to invest in diversifying the economy, official figures showed on Tuesday. The plunge of crude prices since last y

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Oman swings to $1.4bn Q1 budget deficit

Oman posted a budget deficit of OR544.6 million ($1.41 billion) in the first three months of this year, swinging from a OR215.4 million surplus a year earlier, provisional finance ministry data showed on Tuesday.     

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Ineco to design Muscat public transport systems

Spain-based Ineco, a leader in transport engineering, will design a public transport system for Muscat in a 52-week collaboration with the Oman National Transport Company (ONTC), a report said. Ineco will be building a system from

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Bank Sohar launches $250m 3-year debut loan

Oman's Bank Sohar has invited banks to participate in a $250 million debut loan to fund its general business activities, with the marketing of the deal expected to close by end of June, the arranger of the facility said on Sunday.

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GCC food demand to top 49m tonnes by 2017

The population growth, the increase in the number of tourists and the increase in per capita income in the GCC will see food consumption reach 49.1 million metric tons by 2017, according to experts. The region’s food import

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