BUSINESS

$100mn alloy wheel manufacturing plant to be set up in Sohar

The construction of the hi-tech manufacturing plant is scheduled to begin in the coming months with production expected to commence in 2020
August 16, 2018
The report said Oman reached the 62nd place as a result of improvements in macroeconomic environment, higher education, training and infrastructure.
August 16, 2018
The proposed new water desalination plant in Ghubrah will have a capacity to produce 300,000 cubic metres of water per day.
August 15, 2018
Oman recently launched a National Summary Data Page (NSDP), becoming one of the first GCC countries to implement the IMF’s recommendations of e-GDDS.
August 13, 2018
Khazaen Central Fruits and Vegetables Market will serve as a one-stop hub for the retail and wholesale activities of fruits, vegetables, fish and meat in Oman
August 13, 2018
The Tour de France is the biggest cycling race in the world, attracting 12 million TV viewers for each of its 21 stages, and 6.5 million digital fans from across 190 countries.
August 13, 2018
Helped by robust growth in manufacturing segment, non-oil industrial activities grew 1.8 per cent in 2017 as against an annual average decline of 1.2 per cent during the contractionary period 2015-2016.
August 12, 2018
The convention is taking place for the first time in Oman with the support of Oman India Fertiliser Company (Omifco).
August 12, 2018
In an exclusive interview with Muscat Daily, Bill Yu, Middle East multi countries - country manager at Huawei CBG, said fifth generation technologies or 5G will be the next big thing in telecom business.
August 12, 2018
Analysts at Oman’s leading brokerage houses have strongly recommended investors to subscribe for the initial public offering (IPO) of Dhofar Generating Co (DGC).
August 12, 2018
The number of claims stood at 762, according to the latest data released by the Capital Market Authority (CMA).
August 12, 2018
The economic recovery was fairly broad-based with both hydrocarbon and non-hydrocarbon activities growing by 20.8 per cent and 3.9 per cent, respectively.
August 12, 2018
Employment provided to Omani nationals by the private sector increased seven per cent during 2017, according to the Central Bank of Oman (CBO).
August 12, 2018
Port of Salalah recorded significant growth in volumes at its container terminal and general cargo terminal during the first half of 2018.
August 08, 2018
China imported 83.51 per cent of total exported quantities of Omani crude during July.
August 08, 2018
China imported 83.51 per cent of total exported quantities of Omani crude during July.
August 08, 2018
Investcorp’s investment activity in the period rose 36 per cent to US$2.8bn [against US$2.1bn in FY 2017].
August 08, 2018
Pieter de Witt, chief financial officer of the bank, has tendered his resignation from the bank’s service on August 5 for personal reasons.
August 08, 2018
The ICV Blueprint Strategy aims to develop a competitive and sustainable local supply market for the oil and gas industry and foster Omani skills.
August 07, 2018
The two proposed water desalination plants will have a combined capacity to produce 250,000 cubic meters of water per day
August 07, 2018
The World Bank currently has a portfolio totaling US$17bn in the MENA region.
August 07, 2018
Sheikh Khalid Mohammed Ali al Hamoodah has over 20 years of experience in a variety of leadership and strategic positions
August 06, 2018
Number of loans granted by the bank for educational services reached 744 projects worth RO22.74mn
August 06, 2018
The bank’s total operating income increased 14.6 per cent to RO29.55mn at the end of June 2018 compared to RO25.78mn in the corresponding period of 2017.
August 06, 2018
In an interview with Muscat Daily, Nilesh Khalkho, chief executive officer of Sharaf DG, talked about the change in the company’s strategy for surviving in the competitive electronics retailing business.
August 05, 2018
The second meeting of the High Sharia’s Supervisory Authority at the Central Bank of Oman (CBO) for 2018 was held on Sunday at the CBO premises.
August 05, 2018
It said the revised offer price translates into a higher dividend yield of eight per cent for the first five years (including issue expenses).
August 05, 2018
Tristan de Boysson, co-head of corporate investment for MENA at Investcorp, said, “The sale of Gulf Cryo marks an important addition to Investcorp’s successful exits in the region.”
August 05, 2018
Omantel reported a net profit of RO125.4mn for the six months period ended June 30, 2018 compared to a net profit of RO39.8mn in the same period of 2017.
August 04, 2018
The spot chartering desk set up in May 2017 offers very large crude carriers (VLCCs) to major traders and charterers transporting crude and fuel oil worldwide.
August 04, 2018