Sunday 26 October 2014
 
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Oman

Oman may start cutting subsidies from next year

Oman's government is likely to start cutting some state subsidies next year as the decline in global oil prices pressures its finances, Minister for Financial Affairs Darwish al-Balushi said on Saturday. The country's orig

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Oman may start cutting subsidies from next year

Oman's government is likely to start cutting some state subsidies next year as the decline in global oil prices pressures its finances, Minister for Financial Affairs Darwish al-Balushi said on Saturday. The country's orig

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Oman posts record tourism growth in H1

Oman registered solid tourism growth in the first half with more than one million international tourists visiting the country, said a report. Of this, 387,103 were from the GCC region, the highest number of tourists from the regio

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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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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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