Sunday, May 26, 2019

Moody’s: 2016 global sovereign credit quality stable despite downside risks

While sovereign ratings around the world will likely remain broadly stable, risks to global growth and capital flows could negatively influence credit quality in 2016, says Moody's InvestorsService in its annual Global Sovereign Outlook, published today.
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Bank Muscat launches ‘Let’s Go Green’ paper recycling programme

Bank Muscat, the flagship financial services provider in the Sultanate, as part of its ‘Let’s Do More’ vision and commitment to partnership in sustainable development, launched a unique paper recycling and waste disposal programme at the head office.
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ITA concluded Oman summer of code competition

With the exhibition of 12 developed applications produced by Omani developers, The Information Technology Authority (ITA) celebrated the conclusion of Oman Summer of Code 2015 yesterday at Muscat Grand Mall under the auspices of Dr. Salim Bin Sultan Alruzaiqi, CEO of ITA and with the presence of a number of IT specialists, academic and professionals.
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PDO and GlassPoint break ground on landmark solar plant ‘Miraah’

Petroleum Development Oman (PDO) and GlassPoint Solar have broken ground on their landmark solar project ‘Miraah’. The site preparation and grading for the project, located at the Amal oilfield in southern Oman, began one month ahead of schedule.
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HSBC Bank Oman doubles its international growth fund to OMR 40...

HSBC Bank Oman S.A.O.G. announced today that it is doubling the size of its SME-focused International Growth Fund, initially launched last year. HSBC is committing an additional OMR 20 million to Oman’s international and internationally aspirant SMEs, bringing the total value of the Fund to OMR 40 million.
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Orpic lines-up new business opportunities for SMEs

Dr.Hilal Al Hinai, GM-Corporate Support Services, Orpic making a presentation on the subject - Opportunities for SMEs in Orpic - in Meethaq's Conference on...
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Al Madina Investment announces RO72 million healthcare complex

Al Madina Investment SAOG – one of the leading investment companies in Oman announced today a RO72 Million integrated healthcare complex to be constructed in Hail Al Seeb. In a press conference to announce the project, officials from Al Madina Investment unveiled plans to open launch a 225-bed tertiary care hospital, 120 keys three-star hotel apartments, 300 residential apartments, a fitness centre and a dedicated retail space within the premises. The multi-use healthcare complex will be known as Al Madina International Hospital with an anticipated opening in 2018.
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Rolls-Royce to unveil Tiger Phantom Coupé at Dubai motor show

Rolls-Royce Motor Cars will showcase the breadth of its unparalleled Bespoke programme at next week’s Dubai International Motor Show as it unveils a one-off special commission - the Bespoke Tiger Phantom Coupé.
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NBO mandates five banks for bond sale meetings

National Bank of Oman (NBO) has mandated five leading banks to arrange investor meetings starting tomorrow ahead of a potential capital-boosting bond sale. In a statement to the Muscat Securities Market, the bank said it has mandated Bank of America-Merrill Lynch, Citigroup, Credit Agricole, National Bank of Abu Dhabi and Standard Chartered for the potential offering.
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Capital Intelligence affirms Ahlibank FSR ratings at BBB

The international credit rating agency Capital Intelligence (CI) on Tuesday said that it has affirmed Oman-based Ahli Bank’s financial strength rating (FSR) at ‘BBB’, in view of the bank’s very sound loan asset quality.
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