BUSINESS

CBO board holds third meeting of 2018

The board discussed the CBO report on the volume of funding extended by the banking sector in the sultanate to the small and medium enterprises.
September 24, 2018
‘OCTAL benefits from a strong competitive position in the monolayer PET sheet subsegment of the plastic packaging market in which it claims leading positions in Europe, North America and MENA region’, Moody’s said.
September 24, 2018
‘The economic slowdown and growth of Islamic banking appear to be taking a toll on the growths of NBFCs’, CBO said in its financial stability report released on Thursday.
September 24, 2018
The Oman Chamber of Commerce and Industry (OCCI) will organise its first specialised seminar on value added tax (VAT) on Tuesday.
September 23, 2018
The CBO report noted that Oman’s banking sector has been showing remarkable resilience to the tightening of operating conditions since the severe oil price shock.
September 22, 2018
Total assets of the Islamic banks and windows increased from RO3.3bn in March 2017 to nearly RO4bn in March 2018, comprising a rise of 21 per cent.
September 22, 2018
Within five years of operations, Meethaq has consolidated its leadership position with over RO1bn in assets accounting for 33 per cent market share.
September 20, 2018
Currently, the total production of fertiliser in the GCC region is around 39mn tonnes, which is likely to reach up to 45mn tonnes in the next few years, Dr Abdulrahman Jawahery said.
September 20, 2018
Oman crude oil price on Wednesday rose by US$1.28 to US$77.6 per barrels (for November delivery) at the Dubai Mercantile Exchange (DME).
September 20, 2018
The new logo is designed to convey the company’s range of high quality and popular cement products. The logo also shows the modern and forward thinking vision of OCC.
September 20, 2018
H E Yahya bin Said al Jabri, chairman of SEZAD, called Chinese businessmen and investors to invest in Duqm, referring to incentives provided by the authority to investors.
September 18, 2018
The company plans to implement a unique business model that will help build its reputation as the preferred one-stop shop.
September 18, 2018
The agreement was signed by Salaam bin Said al Shaksy, CEO of Alizz Islamic Bank and Sayyida Rawan Ahmed al Said, CEO of Takaful Oman
September 18, 2018
Total exports of Omani crude reached 25.2mn barrels during August, accounting for more than 83 per cent of the production, Oman News Agency reported.
September 17, 2018
The new system aims to transfer all complaint-related dealings to insurance companies electronically.
September 17, 2018
The PASFR board also discussed minutes of internal tender committee’s meetings, as well as minutes of auditing committee’s meetings upon which appropriate decisions were taken.
September 16, 2018
According to figures released by GPCA, fertiliser exports from the Gulf reached 20.4mn tons in 2017, growing by 5.3 per cent year-on-year, and at a six per cent compound annual growth rate (CAGR) between 2007-2017.
September 16, 2018
Investment in government treasury bills stood at RO326.3mn, while investment in government securities inclusive of development bonds, government sukuk and others stood at RO1.3bn at the end of June 2018.
September 16, 2018
Mustafa Ansari said this trend is likely to continue in future as the focus is mostly on renewable energy for power generation to cut fuel costs.
September 16, 2018
Islamic banks and windows provided total financing of RO3.32bn till the end of June 2018 compared to RO2.75bn a year ago, registering a growth of more than 20 per cent.
September 15, 2018
The two-day conference will highlight the key role of fertilisers in ensuring food security in a rapidly growing population and growing demand for nutrition.
September 15, 2018
FAERC discussed the basis and assumptions on which to prepare the general budget for the fiscal year 2019
September 15, 2018
With a view to facilitate the growth of ecommerce in Oman, TRA is in the final stages of preparing regulations and guidelines for the postal services sector.
September 12, 2018
“Understanding the impact of the imminent VAT in Oman is extremely important to every single one of our 150 member companies, from the largest corporations to SMEs,” Rebecca Olson, OABC executive director said.
September 12, 2018
The banks which have been mandated by NBO to arrange investor meetings are: Bank ABC, Citi, Crédit Agricole CIB, Emirates NBD Capital, First Abu Dhabi Bank, National Bank of Oman and Standard Chartered Bank.
September 12, 2018
In an interview, R Raghupathi, senior manager - sales and marketing, discussed the brand strengths of Berger Paints and the outlook for paints business in the Omani market.
September 12, 2018
H E Yahya bin Said al Jabri, chairman of the Special Economic Zone Authority of Duqm (SEZAD) affirmed that this campaign comes as part of the efforts made by the sultanate and Japan to enhance their economic ties.
September 12, 2018
Raoul Restucci, managing director of PDO, said that mining technology is constantly evolving and the company is going to capture more and more incremental opportunities going forward.
September 12, 2018
The conference aims to highlight health insurance, its benefits and to review regional and international experience in the field.
September 12, 2018
KO Campus comprises three office buildings totalling approximately 40,000sqm and houses some well-known tenants across a diverse set of sectors, including: manufacturing, retail and technology.
September 12, 2018