Wednesday 23 April 2014
 
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Oman

Oman raises $530m in Omantel stake sale

Oman's government raised nearly 204 million rials ($530 million) from its sale of a 19 percent stake in Omantel, part of efforts to revive its privatisation programme, a Muscat bourse statement said on Wednesday. The governmen

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Oman to set up major antimony processing plant

A new Oman joint venture has been established to construct the world's largest antimony processing plant outside of China in the sultanate. Tri-Star Resources has entered into a shareholders agreement with the Oman Investment

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Oman expects 5pc growth with steady oil prices

Oman's economy should grow 4 to 5 percent this year, underpinned by stable oil prices and the billions of dollars spent on major projects in the past two years, the head of the country's central bank said on Tuesday. Oman

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National Bank of Oman Q1 profit up 20pc

National Bank of Oman reported a 20 percent rise in first-quarter net profit on Sunday, slightly above analyst estimates. The bank made a profit of 10.3 million rials ($26.75 million) in the first three months of 2014, up from 8.6

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Bank Muscat Q1 net profit jumps 59pc

Bank Muscat, Oman's largest lender, missed analysts' expectations despite posting on Wednesday a 59.1 percent jump in its first-quarter net profit, as it didn't repeat a one-off fraud provision that it was forced to make last year.

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Oman extends ban on expat workers

Oman has extended a ban on employing expatriate construction workers and housekeeping staff in the sultanate's private sector by another six months, a report said. The six-month ban was due to expire on May 1, the Times of Oma

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Oman extends ban on expat workers

Oman has extended a ban on employing expatriate construction workers and housekeeping staff in the sultanate's private sector by another six months, a report said. The six-month ban was due to expire on May 1, the Times of Oma

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Oman plans LPG plant aimed at local market

Oman Gas Company (OGC) plans to build a liquefied petroleum gas (LPG) processing plant and export facility at Salalah port, the company's chief executive said. The complex, which he said would cost about $500 million, could pr

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Work starts on new phase of Saraya Bandar Jissah

Saraya Bandar Jissah today (April 9) hosted the ground-breaking ceremony for the second major construction stage of Oman’s newest Integrated Tourism Complex (ITC) near Muscat. A ceremony to celebrate this major milestone was

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Work starts on new phase of Saraya Bandar Jissah

Saraya Bandar Jissah today (April 9) hosted the ground-breaking ceremony for the second major construction stage of Oman’s newest Integrated Tourism Complex (ITC) near Muscat. A ceremony to celebrate this major milestone was

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