BUSINESS

SPMP secures short-term funding for Sohar project, mulls stock market listing

Tri-Star holds a 40 per cent shareholding in SPMP, while Oman Investment Fund Holding (OIF) and DNR Industries Ltd own 40 per cent and 20 per cent stakes in the project, respectively.
March 21, 2019
PDO plans to ramp up oil production to a new level of 670,000 barrels per day in the next five years.
March 21, 2019
H E Aufi said currently a total of 19 firms, both local as well as international companies, are engaged in oil and gas exploration in 32 blocks.
March 21, 2019
77 projects across the GCC have been recognised by MEED Awards
March 20, 2019
“The latest investment shows that companies in other countries too are interested in going to Hambantota,” Bandara said.
March 20, 2019
“We believe audit firms are the first line of defence. If they do their job properly, independently, and without any fear, everything is going to be fine,” said Mohammed Said al Abri.
March 20, 2019
The meeting will be chaired by H E Tahir bin Salim bin Abdullah al Amri, executive president of the CBO
March 20, 2019
The company on Tuesday held its AGM, which was presided by chairman Khalid Said al Wahaibi.
March 20, 2019
The uniquely designed Omantel headquarters is set to be the first building to stand in Madinat al Irfan Business Park.
March 19, 2019
OPWP has also set a target that by 2025 renewable energy sources will produce around 16 per cent of total power needed in the sultanate.
March 19, 2019
Oman Banks Association presented to its members 2018 achievements, 2019 plan, 2018 audited financial statements and 2019 budget.
March 19, 2019
At the Smart Cities & Industry 4.0 Summit, various presentations about the possible usage of blockchain, AI and Internet of Things were made by experts.
March 19, 2019
Veolia will continue to handle operations and maintenance at the facility, which has a capacity of 6,000m3 per day.
March 19, 2019
As one of the best performing GCC funds, Ubhar GCC Fund’s size as of December 2018 stood at RO8mn
March 17, 2019
The opening of the one-day event was held under the patronage of H E Abdullah bin Salim al Salmi, executive president of the CMA.
March 17, 2019
Sohar International’s board of directors recommended a cash dividend of six per cent or 6bz per share for the year 2018.
March 17, 2019
H E Salim bin Nasser al Aufi, Undersecretary of the Ministry of Oil and Gas said that sustainability is at the forefront as Oman embarks on the deployment of renewable energy projects.
March 17, 2019
Business Interview: Joaquim Goes, professor, Lamont-Doherty Earth Observatory at Columbia University
March 17, 2019
Ibri II Solar IPP plant output will be enough to supply an estimated 33,000 homes with electricity.
March 17, 2019
The event will be held under the patronage of H E Abdullah bin Salim al Salmi, executive president of the CMA.
March 17, 2019
Oman continues to remain the fastest-growing Islamic banking market in the GCC region, with a recorded growth rate of 14 per cent last year, Moody’s Investors Service said.
March 17, 2019
EU adopted a revised list of non-cooperative jurisdictions for tax purposes, which added ten more countries, including the UAE and Oman.
March 17, 2019
The company’s efforts to introduce higher value products and to increase prices, wherever possible, have delivered positive results.
March 17, 2019
The ratings agency expects oil prices to remain moderate over the medium term, which will weaken GCC sovereigns’ fiscal positions.
March 14, 2019
The three-year contract has been awarded to Shell Oman by Muttrah Tourism Development Co LLC.
March 14, 2019
“We have one year time to issue the regulations in accordance to the new law,” H E Abdullah bin Salim al Salmi said.
March 14, 2019
Port of Duqm is endeavoring to be the most preferred multi-purpose port in the region.
March 14, 2019
Salalah Mills signed the MoU with a giant trading and industrial group in Ethiopia
March 13, 2019
“The impact of any downgrading or movement in ratings is sort of ‘textbook only’ on what is going to happen,” H E Tahir bin Salim al Amri said.
March 13, 2019
The Council also reviewed some financial and economic indicators of the sultanate achieved during 2018 compared to 2017.
March 13, 2019