July 19th, 2018 | 0 commentsThe Ministry of Environment and Climate Affairs, in cooperation with the US Fish and Wildlife Service, organised a presentation on fixing the turtle tracking devices project. The presentation by the US Fish and Wildlife Service’s experts came after the field visit to Masirah Island from 14 to 17 July. The visit was organised by the Minist...
July 19th, 2018 | 0 commentsFlag carrier Oman Air has appointed Ghaith Mohammed Al Darmaki as the new senior vice president of the IT department. An Omani national, Al Darmaki has a strong track record of proven success in leading teams across many effective platforms in previous IT roles. His new position will focus on ensuring the correct use of information techno...
July 19th, 2018 | 0 commentsThe MSM30 index ended higher on Wednesday and closed at 4,457.12 points, up by 0.33 per cent. MSM Sharia Index closed at 633.180 points, up by 0.10 per cent. HSBC Bank Oman was the most active in terms of volume and in terms of turnover. The top gainer of the day was Al Anwar Holding, up by 8.57 per cent, while top loser was Oman Cement,...
July 19th, 2018 | 0 commentsCooperation between India and Oman could increase in several sectors, Oman’s Minister of Commerce and Industry said in the wake of his Indian counterpart’s visit to the Sultanate. Commerce and Industry Minister Ali bin Masud Al Sunaidy said while bilateral trade between India and Oman had grown over the years, there was room for improveme...
July 19th, 2018 | 0 commentsOman’s economy is well on its way to fulfilling its massive market potential, according to financial experts in the Sultanate. Lateef Shahdad, General Manager of Mass International and a financial expert said, “Since export figures are showing an upward surge during these difficult economic conditions, this is, in fact, a strong macroecon...
July 18th, 2018 | 0 commentsThe Omani-Indian Joint Committee explored means to enhance cooperation between the two countries in economic, trade, service and investment fields during its eighth session held at the Ministry of Commerce and Industry on Monday. The Omani side to the meeting was chaired Dr. Ali bin Mas’oud Al Sunaidy, Minister of Commerce and Industry wh...
July 18th, 2018 | 0 commentsAtkins, a member of the SNC-Lavalin Group, announced on Tuesday that it has signed a contract to deliver master planning, design and supervision work with Khazaen Economic City (KEC), the master developer of the first integrated economic city in northern Oman. WS Atkins, which was acquired by SNC-Lavalin on July 3, 2017, will deliver full...
July 18th, 2018 | 0 commentsOman’s central bank raised OMR5 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 182 days, from Wednesday July 18, 2018 until January 16, 2019. The average accepted price reached 98.800 for every OMR100, and the minimum accepted price arrived at 98.800 per OMR100. Whereas the average d...
July 18th, 2018 | 0 commentsThe number of loans extended by the Oman Development Bank (ODB), the leading bank in the Sultanate in terms of development financing, to various productive and service development sectors reached 3,062 between January and June 2018. The total value of the loans extended by the bank throughout the Sultanate’s governorates stood at OMR35.12...
July 18th, 2018 | 0 commentsThe Port of Salalah marked yet another milestone in its ongoing initiative to promote Oman as a logistics hub for the region with the successful commissioning of a state-of-the-art agricultural bulk terminal. The facility is being developed by Arabian Sea Port Services, which is a joint venture between the Spanish conglomerate Algeposa Gr...
