BUSINESS

OOMCO net profit down by 20.2% in H1

OOMCO as a group had reported a net profit of RO3.98mn in the first six months of the last year.
July 17, 2019
In a bid to diversify the energy sources and to reduce dependence on natural gas for the production of electricity, the sultanate has decided to focus on solar power generation.
July 17, 2019
The city’s detailed master plan was developed by Atkins, a member of the SNC-Lavalin Group, the lead consultant for Khazaen’s master planning, design and supervision work.
July 17, 2019
The sultanate’s government on Tuesday signed two loan agreements worth of RO113.6mn with the Arab Fund for Economic and Social Development (AFESD).
July 16, 2019
OCTAL announced that it has secured US$625mn finances as a loan from a consortium of local as well as foreign banks.
July 16, 2019
The bank’s customer deposits also followed the pattern adopted by net loans and advances to customers and remained nearly unchanged at RO2.02bn.
July 16, 2019
The total value of the allotted treasury bills amounted to RO45mn, for a maturity period of 28 days, from today until August 14.
July 16, 2019
BankDhofar on Tuesday reported nearly 21 per cent decline in its net profit for the first six months of the current year.
July 16, 2019
The company had reported RO131mn in the same period a year ago, Ooredoo said in a filing to the Muscat Securities Market.
July 16, 2019
Oman Shell announced the appointment of Intisaar al Kindi as its general manager upstream and deputy country chair.
July 16, 2019
In the filing, the lender also revealed that its customers’ deposits and unrestricted investment accounts stood at RO2.48bn this year, nearly same as last year.
July 16, 2019
The work on the project will begin immediately, and the contract award will be reflected in McDermott's second quarter 2019 backlog.
July 16, 2019
According to the statement issued by the bank, its customer deposits, including Islamic customer deposits increased 3.7 per cent to RO7.98bn as against RO7.69bn as of June 30, 2018.
July 16, 2019
Shell service stations have implemented Bank Muscat’s secure and robust, contactless ‘Just Tap’ point of sale (PoS) systems for the ease of payment and security for consumers.
July 15, 2019
The Salalah Free Zone (SFZ) on Sunday announced that it has signed three usufruct agreements for foreign investment to manufacture solar panels and gypsum boards.
July 15, 2019
The three-day event is organised by Tawafuq Consultancy and Muscat Clearing and Depository Company.
July 15, 2019
The overall consumer prices in GCC have increased slightly in April 2019.
July 15, 2019
Perpetual bonds are different from normal bonds as they don’t have a maturity date and would give interest yields for an indefinite period.
July 15, 2019
The Iranian delegation was received by Eng Musallam bin Mohammed al Shehri, assistant chief executive officer of Madayn for Operations.
July 14, 2019
Another import factor highlighted in the report was that last year witnessed a decline in the foreign holdings of listed public joint stock companies.
July 14, 2019
The announcement about the implementation of this decision was made on January 20.
July 14, 2019
The petroleum and nonpetroleum sectors grew in nominal terms by 37.1 per cent and 2.9 per cent, respectively, during this period.
July 14, 2019
Overall, financial sector earnings are seen to increase 2.7 per cent for the first half of this year, supported by select banks and investment holding companies.
July 11, 2019
Govts possess sufficient liquid assets, forex reserves to support banks: S&P
July 10, 2019
Duqm Refinery project was recently recognised by Trade and Export Finance (TXF) Global Awards 2019.
July 10, 2019
BankDhofar has signed a memorandum of understanding (MoU) with leading Indian private sector lender ICICI Bank to facilitate instant remittances to India.
July 10, 2019
While the new duty structure is seen to affect the Indian jewellery industry negatively, the jewellery business in the neighbouring GCC markets will benefit out of this duty hike.
July 09, 2019
The transaction is expected to yield a positive impact of around RO1.5mn for the company.
July 09, 2019
DP World Plc mandated banks to raise about US$1bn of bonds to finance the acquisition of Topaz Energy & Marine, according to three people with knowledge of the plans.
July 09, 2019
The board of directors of Bank Nizwa has announced the appointment of Haifa al Lawati as the head of human resources (HR).
July 09, 2019