Oman's Raysut Cement reported a 21.5 per cent drop in fourth-quarter net profit on Thursday, according to Reuters calculations.
The largest cement firm by market value in the sultanate made RO5.14 million ($13.4 million) in th
The sultanate of Oman received over 2 million visitors during the first 10 months of 2015, recording a notable increase of 302,221 tourists in comparison to 2014, where 1.76 million tourists visited the country, said a report.
Radisson Blu, a leading hotel brand of The Rezidor Hotel Group, has announced the opening of Radisson Blu Hotel, Sohar in Oman.
This is Rezidor’s fifth hotel in operation in the sultanate.
Radisson Blu Hotel,
Oman plans to borrow between $5 billion and $10 billion from abroad to help finance a budget deficit caused by low oil prices, central bank executive president Hamood Sangour al-Zadjali told Al Arabiya television on Monday.
Middle East's retail major Lulu Group has announced plans to open seven more hypermarkets in Oman in the next two years.
The announcement was made by Yusuffali MA, chairman of Lulu, following the opening a new hypermarket in S
Librestream, the leader in mobile video collaboration solutions for enterprise, and Gulf Business Machines (GBM), the Middle East’s number one provider of IT solutions and services, have been selected to provide the collaborative video c
Shell Oman Marketing Company (SOM) has appointed Mohammed Mahmood Al Balushi as the managing director of the company effective February 2.
Al Balushi replaces Adil Ismail Abdullah Al-Raisi in the post. He will also represent juris
Atana Hotels, Oman’s first ‘home-grown’ hospitality brand, celebrates the essence of Omani hospitality, with new events and activities planned for the year ahead.
Newly introduced for 2016 are weekly cultural nights at
Petroleum Development Oman (PDO) plans to invest more than $10 billion in three key hydrocarbon projects, a report said.
The three ventures include the Rabab Harweel Integrated Project (RHIP), the Yibal Khuff integrated oil and ga
Oman remains committed to the peg of its rial currency against the US dollar, the head of the central bank said on Tuesday, after the rial dropped to its lowest level in the forwards market for a decade.
Low oil prices are hurting