Wednesday 8 July 2015
 
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Oman

Oman's Renaissance gets nod for bond issue, buy-back

Renaissance Services shareholders have approved plans for the company to buy back mandatory convertible bonds issued in 2012 and issue perpetual bonds, the Omani firm said on Tuesday. Shareholders endorsed the repurchase of RO43.2

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Oman's Renaissance gets nod for bond issue, buy-back

Renaissance Services shareholders have approved plans for the company to buy back mandatory convertible bonds issued in 2012 and issue perpetual bonds, the Omani firm said on Tuesday. Shareholders endorsed the repurchase of RO43.2

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Oman to build 303kW solar power plant

Oman’s Authority for Electricity Regulation (AER) has authorised a first-of-its-kind 303 kW solar power plant in Dhofar Governorate, a report said. The licence has been issued to Bahwan Astonfield Solar Energy Company, added

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Oman to build 303kW solar power plant

Oman’s Authority for Electricity Regulation (AER) has authorised a first-of-its-kind 303 kW solar power plant in Dhofar Governorate, a report said. The licence has been issued to Bahwan Astonfield Solar Energy Company, added

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Huawei donates Ramadan meals to 30 mosques in Oman

Leading ICT solutions provider Huawei’s employees are running a local charity drive that will see the company donate and distribute Ramadan food boxes to 30 mosques across Muscat, Oman. The activity started at the beginning

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Omani banks sign deal on proposed merger

Oman’s Bank Sohar and Bank Dhofar have entered into a non-binding agreement on a proposed merger, the duo said, in the latest move towards consolidation in the country’s bloated banking sector. The two lenders agreed t

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LuLu opens new outlet in Sohar

LuLu Hypermarket opened a new outlet in Sohar further boosting its retail presence in Oman. The new hypermarket was officially inaugurated by Oman’s Industry and Commerce Ministry under-secretary Ahmed bin Hassan Al Dheeb in

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Oman firm on track to double aluminium production

Oman-based National Aluminium Products Company (Napco) said its expansion plan to double capacity is on track with equipment beginning to arrive in the sultanate ahead of schedule. The premier extruder of aluminium profiles in the

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Oman firm on track to double aluminium production

Oman-based National Aluminium Products Company (Napco) said its expansion plan to double capacity is on track with equipment beginning to arrive in the sultanate ahead of schedule. The premier extruder of aluminium profiles in the

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New Salalah Airport to boost tourism

Salalah is expecting a large number of visitors this year as its new airport has opened just in time for Khareef – the region’s busiest tourist season. Oman’s new Salalah Airport, which commenced operations on Ju

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