October 17th, 2018 | 0 commentsThe Musannah branch of the Oman Development Bank (ODB) organised a forum of investment opportunities in the agriculture and fisheries, under the auspices of Sheikh Hamoud bin Hamad bin Salem Al Wuhashi, Governor of wilayat Musannah at Hala Hall of the wilayat. It was aimed at introducing important investment opportunities in these sectors...
October 17th, 2018 | 0 commentsOman’s central bank raised OMR30 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 28 days, from October 17, until November 14, 2018. The average accepted price reached 99.830 for every OMR100, and the minimum accepted price arrived at 98.830 per OMR100. Whereas the average discount rat...
October 17th, 2018 | 0 commentsThe MSM30 index ended lower to close at 4451.65 points, down by 0.20 per cent. MSM Sharia Index closed at 604.13 points, down by 0.27 per cent. Bank Nizwa was the most active in terms of volume while Bank Muscat was the most active in terms of turnover. The top gainer of the day was Bank Nizwa, up by 2.38 per cent, while the top loser was...
October 17th, 2018 | 0 commentsThe price of gold in the Sultanate is on the rise ahead of Diwali after having dipped for some time. The yellow metal is the costliest it has been in two-and-a-half months. Representatives from the jewellery retailer, Malabar Gold, disclosed that the price of 22 karat gold was OMR15.150 as of Tuesday and that of 24 karat gold was OMR15.75...
October 17th, 2018 | 0 commentsBank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’, and commitment to partnership in sustainable development, signed a long-term secured credit facility agreement for RO 120 million with Oman International Development and Investment Company (Ominvest). Ominvest’s...
October 17th, 2018 | 0 commentsMiddle Eastern & North African (MENA) investment banking fees totalled an estimated $684 million during the first nine months of 2018, 8 per cent less than the value of fees recorded during the same period in 2017, Refinitiv (formally the Financial & Risk business division of Thomson Reuters) announced on Monday in its 2018 Q3 inv...
October 17th, 2018 | 0 commentsEnergy major BP plans to drill around 100 wells as part of its Ghazeer project representing the second phase of its multibillion dollar investment in the development of the giant Khazzan gas field in Block 61 in central Oman. Work on the Ghazeer development, which is designed to boost natural gas output from Block 61 to 1.5 billion cubic...
October 17th, 2018 | 0 commentsSayyid Badr bin Hamad al Busaidy, Secretary-General of the Foreign Ministry, received Yan Stanislav Puri, appointed-ambassador of the Republic of Poland to the Sultanate, at the General Diwan of the ministry on Tuesday. Puri submitted copy of credentials. Sayyid Badr wished the new ambassador success and the bilateral relations between th...
October 17th, 2018 | 0 commentsYusuf bin Alawi bin Abdallah, Minister Responsible for Foreign Affairs received Hussain Gabri Ansari, senior assistant to the foreign minister for special political affairs of Iran and his accompanying delegation at the General Diwan of the ministry in Muscat on Tuesday. They discussed the bilateral cooperation and exchanged viewpoints on...
October 17th, 2018 | 0 commentsAs part of the plans laid down for the Al Shumookh 2 and Al Saif Al Sareea 3 (Swift Sword 3) war games, the ground force reserve carried out counter attacks against “enemy” forces with the participation of the air and marine forces. The counterattack followed the joint forces implementation of the defensive battle management as part of th...
