Oman News

Oman-based lender Ahlibank, which signed a memorandum of understanding with Taageer Finance Co for a possible acquisition, has said it has completed the due diligence but is seeking an extension until the end of next month to close the remaining formalities, Muscat Daily has reported.

In line with His Majesty the Sultan's directives towards promoting Omanisation, Haya Water is proud to announce the recruitment of 34 Omanis, as the Company moves forward towards their objective of developing talent for the future, reinforcing its reputation as an employer of choice for nationals in the Sultanate.

Muscat: The era of economies dominated by the West is now passing, and we are seeing a global economy where the power of the East sets the rhythm for global economic growth, stated Simon Williams, chief economist at HSBC Bank Middle East Limited.

Alargan Towell Investment Co., Oman announced that its total investments in the Sultanate have so far exceeded OR245m.

Partners and members from regional Grant Thornton firms along with members from the company's head office in the UK attend the meeting.

Muscat: Citizens have the right to detain anyone caught taking photographs or videos of casualties at the scene of an accident and may confiscate the mobile phone of these offenders, an official from the Public Prosecution told Times of Oman.

Omani construction firm, Galfar Engineering and Contracting has said it has won two construction contracts worth OR19.1m from Occidental Oman and Oman Medical College, Muscat Daily has reported.

Muscat : Just when you think you have seen it all, the all-new Mini Paceman arrives on the block.

Muscat: Oman-Singapore investments amount to $320 billion so far, Singapore's Minister for Foreign Affairs and Minister for Law, K. Shanmugam, has told Times of Oman in an interview.

Academic leap: The success rate for the graduate trainees and those who have earned diplomas was 100 per cent.

Muscat: Recent research has revealed that the Makran Subduction Zone is more prone to earthquakes and tsunami hazards than previously thought.

New horizons: A specialised consultant is currently conducting a study on transferring commercial activities including container and general cargo handling at Sultan Qaboos Port to Sohar Port.

Muscat: For the third consecutive year, AbdulRazak Ali Issa, chief executive officer of Bank Muscat, has earned a prominent position among the world's 500 most influential Arabs.

Muscat: Multibillion-rial foreign projects have been proven to take more money out of the country than they put into it, and over the years, this action has created a sizeable imbalance in cash flow, which has limited Oman's economic growth.

Sembcorp Industries has announced the official opening of its $1bn Salalah Independent Water and Power Plant in Oman.

Indonesia's PT Pertamina has said it is considering the acquisition of an oil and gas asset in Oman, as the energy firm seeks to boost production at home and overseas, Muscat Daily has reported.

Nawras is offering all customers the opportunity to win one of 90 exciting prizes with the new Nawras Gift Club promotion.

The Ministry of Regional Municipalities and Water Resources has floated as many as 11 tenders for the design and construction of internal roads in South and North Sharqiya.

Muscat: Renaissance Services is exploring joint venture initiatives in Nigeria, Angola and Australia.

Secretary Kerry will travel May 21 to Muscat, where he will meet with senior Omani officials to discuss a range of bilateral and regional issues.