BUSINESS

Moody’s affirms ‘stable’ outlook for GCC sovereigns in 2019

Moody's said that geopolitical tensions will remain a key source of risk as well as a catalyst for rising military-related fiscal spending in the region.
January 17, 2019
This is part of the economic diversification initiatives of innovative finance and financing lab supported by Tanfeedh.
January 17, 2019
Explaining the registration mechanism of the electronic listing service for closed companies, Hinai said the registration process is done through MSM website.
January 17, 2019
Preliminary results are subject to approval of external auditors, board of directors, the Central Bank of Oman and shareholders of the bank, Bank Muscat said.
January 16, 2019
Oman Oil Marketing Co (OOMC), which aims to be among the top five fuel retailers in the GCC, is planning to open new service stations in Tanzania.
January 16, 2019
Companies to work towards the award of 3,100sq km Block 77
January 15, 2019
The company said that the renewed license shall be valid for 15 years, starting from February 2020.
January 14, 2019
Renewal fees of RO75mn to be paid in two equal portions in 2019 and 2020
January 14, 2019
The agreements covered sectors such as industrial, residential and commercial, logistics, tourism and fisheries activities in Duqm.
January 13, 2019
Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick.
January 13, 2019
Creditinfo Group is responsible for providing the hardware equipment, the software, consultancy services, and substantive support for the Bureau.
January 13, 2019
The report added that due to China's enormous capacity Oman is likely to aggressively court Chinese investors over the coming years.
January 13, 2019
Dentons has advised OOCEP on the sale of a ten per cent stake in the giant Khazzan gas field and project to Malaysia's Petronas.
January 10, 2019
This agreement shall provide new infrastructure services and develop the existing ones.
January 09, 2019
It advised people not to share pin number of their bank cards, and requested them to report incidents of 'double swiping' to their respective banks immediately.
January 09, 2019
Khazaen Economic City has signed MoU with Majis Industrial Services to study and evaluate the development and execution of potable water and wastewater services in Khazaen Economic City area.
January 08, 2019
MOGC is planning to conduct a detailed study to increase the production from Oman’s Block 8, the only operational offshore oil block in the sultanate.
January 08, 2019
The completion of the works is 18 months from date of engineers' instructions for the commencement of the work,' Galfar said.
January 07, 2019
Industry captains from Oman's private sector have welcomed the government's announcement of increasing the spending in 2019 budget to push the economic growth.
January 07, 2019
With the handing over of Block 8, DNO is completely exiting Oman’s upstream exploration and production segment.
January 06, 2019
Oil and gas production expenditure is estimated at RO2.2bn in the 2019 budget, said a statement issued by the Ministry of Finance on Tuesday.
January 03, 2019
The ‘e-Fill’ service was introduced in May 2018 to enhance commercial fuel management at service stations using state-of-the-art technology.
January 03, 2019
As per the agreement, SEZAD has allocated a plot with a total area around 41sqm at the Fishery Industries Zone in Duqm for the project.
January 03, 2019
The upcoming project will see the construction of additional ferrochrome furnaces that will increase production capacity.
January 02, 2019
The project worth RO3.8mn will be executed by Premier International Projects LLC and will be implemented during 18 months, plus 30 days for the preparatory works.
January 02, 2019
An estimated amount of RO1.2bn has been allocated for infrastructure projects in this year’s budget
January 02, 2019
The sultanate’s budget projects Oman’s domestic inflation rate to average between two per cent and three per cent in 2018 and 2019, respectively.
January 02, 2019
The budget estimates a deficit of RO2.8bn for this year, which is lower than RO3bn deficit estimated in 2018 budget.
January 01, 2019
The delegation was headed by Naif bin Hammed Fadhil, a member of OCCI board of directors in the Governorate of Dhofar.
January 01, 2019
The MSM30 index fell 0.41 per cent at 4,323.74 points on Monday as 2018 came to a close.
January 01, 2019