BUSINESS

Contracts for RAECO’s 11 hybrid power projects by year end

These hybrid power projects will be spread over a vast geographical area and will use a mix of solar, diesel and compressed natural gas for power generation.
May 23, 2019
‘The delay in receiving overdue receivables has caused a strain on our cash flow’, the company said.
May 23, 2019
Eng Khalid bin Hassan al Lawati has a vast array of work experience that extends for more than 19 years in the sultanate’s infrastructure and oil and gas projects.
May 23, 2019
“These new companies will provide services in the fields of consultancy, audit, intellectual property and IT,” Talal Abu-Ghazaleh, founder and chairman of TAG-Org said.
May 22, 2019
Group to set up its products storage and distribution centre in Duqm
May 22, 2019
The board of directors of Al Maha Petroleum announced the appointment of Eng Hamed bin Salim al Maghdri as the chief executive officer of the company effective from July 1.
May 22, 2019
The US$100mn Dhofar Wind Project is the first of its kind in the Gulf region.
May 22, 2019
Yousef pointed out that the suspension of income tax related to dividends and interests will upgrade the sultanate’s position on the investment map at the regional and international levels.
May 21, 2019
In 2018, Nama Group registered a 6.25 per cent increase in the total number of customers to 1.21mn.
May 21, 2019
Nama Group’s CEO said that there is no possibility of any significant reduction in the amount of total subsidy on electricity in the near future.
May 21, 2019
The regulation was prepared to provide a framework containing the provisions regulating acquisitions of more than 25 per cent of shares of the public joint stock companies.
May 21, 2019
In an exclusive interview, Abdul Karim Zahran al Hinai spoke about the usage of new digital tools to promote and achieve financial inclusion in Oman.
May 20, 2019
Eng Abdul Rahman Barham said, “This (Quriyat ITC) will be the first integrated tourism complex project to come up in the east of Muscat.”
May 20, 2019
The award was received by Ahmed Musallam al Barami, DGM - relationships and placements at Bank Muscat, on behalf of the bank.
May 20, 2019
Top CEO Awards 2019 celebrates the best-performing CEOs from companies that are listed on the region’s stock exchanges.
May 20, 2019
Average repo rate for liquidity injection by CBO also rose to 2.997 per cent per annum during February.
May 19, 2019
CMA has suspended 10 per cent tax on dividend and interest income for a period of three years
May 19, 2019
Oman Fisheries reported a net loss of RO782,554 for the quarter ended March 31, 2019.
May 16, 2019
Vodafone is set to become a strategic partner in Oman’s third mobile communication operator for which the licence is likely to be issued soon.
May 16, 2019
The mall has been developed by the Salalah Commercial Center in partnership with the Ministry of Defence Pension Fund and Al Madina Real Estate Co.
May 15, 2019
China continued to remain the largest buyer of Omani crude with an increased share of 83.83 per cent in April.
May 15, 2019
These promotions strongly emphasise Alizz Islamic Bank’s commitment to increasing its Omani workforce in senior positions in line with the CBO’s guidelines.
May 15, 2019
Once completed, the project will have the capacity to produce 150mn hatched eggs per annum.
May 14, 2019
The awards initiative is part of the efforts made by the CMA to promote disclosure and raise awareness about transparency and importance of disclosing interim and material information.
May 14, 2019
The solar power plant will be commissioned by the end of 2019.
May 14, 2019
Khalid al Kayed, CEO of Bank Nizwa said, “We are confident that both Maharbi and Hashmi’s expertise will help us drive the business forward.”
May 14, 2019
In an interaction with media-persons in Muscat, Dale talked about wide ranging issues in global energy markets.
May 13, 2019
Most of the NBFCs operating in Oman have reported lower profits in the first quarter of 2019.
May 13, 2019
Tata Group had bought a 70 per cent stake in Al Rimal Mining in 2008.
May 13, 2019
The Tender Board last week awarded the project of adding the third and fourth lanes to Rusayl-Nizwa dual carriageway to Galfar Engineering & Contracting Co.
May 13, 2019