Thursday, February 21, 2019

Mubadrah to develop Rusayl Industrial City

Oman Investment and Development Holding Company (Mubadrah) will develop Rusayl Industrial City, the first industrial estate to be managed and operated according to the...
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Pact signed for RO75mn CPC plant in Sohar

Sohar Port and Freezone signed an agreement with Sanvira Industries Limited to set up a calcined petroleum coke (CPC) plant in the freezone area....
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Islamic banks’ financing hits RO3.5bn

Islamic banking entities provided financing to the extent of OMR3.5 billion at the end of September 2018, an increase of 20.7 per cent over...
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Haya Water commences construction of Bausher 1 plant

Haya Water recently began the construction work in Bausher 1 aiming to establish a Waste Water and Treated Water Networks. The total cost of...
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Bank Nizwa teams up with Takaful Oman to offer Sharia-compliant car...

Bank Nizwa has joined forces with Takaful Oman Insurance to offer Sharia-compliant car insurance to its growing customer base across the Sultanate. Customers wishing...
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Oman’s budget deficit plunges 36.1%

The Oman government’s budget deficit plunged 36.1 per cent to OMR2.04 billion during the January-October period of 2018 due to a surge in government...
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Property transactions decline by 2.5 per cent till October 2018

The overall activity in the real estate market was dull in the first 10 months of 2018, compared to the same period in 2017 The...
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State Council economic committee discusses 2019 draft budget

The State Council Expanded Economic Committee held its first meeting of the fourth sitting of the sixth term under the chair of Sheikh Mohammed...
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Al Madina Logistics, Port of Duqm sign pact to build integrated...

Al Madina Logistics and Port of Duqm have signed pact to build an integrated complex to manage logistics operations in Duqm  A land investment agreement...
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Oman’s economy in recovery mode

Talal bin Sulaiman al-Rahbi, Deputy Secretary General of the Supreme Council for Planning (SCP) affirmed that macroeconomic indicators show the recovery of the Omani economy in the...
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