Top Oman News

Oman's government thrusts pension funds to control the market

(Arabic) Oman shares rebound strongly, boosted by meeting that Ministry of Commerce held with Finance Market Authority and pension funds' officers. Al-Arabiya - 07Sep 09:44GMT
'GCC must ensure sustainable food supplies'

The Gulf Cooperation Council (GCC), which holds 55 per cent of the world's crude oil reserves, are facing a severe problem as the global food crisis, which began with the gradual hike in commodity prices in 2001, gathers pace. The Business Weekly - 07Sep 07:42GMT
Currency revaluation harmful, says Oman

Oman ruled out revaluing its currency against the US dollar on the grounds such a move could hurt growth and depress its revenues. Emirates Business 24/7 - 07Sep 06:46GMT
Nawras introduces lowest prepaid local calls, SMS

Nawras leads the way again by being the first mobile operator in Oman to introduce SMS and Voice Bundles, while offering the lowest prices in the market to subscribing Nawras Mousbak (prepaid) customers. Oman Daily Observer - 07Sep 06:31GMT
Batinah coastal road project Phase 1

Agreements are being finalised for the construction of 2,200 homes for people displaced by the upcoming Oman's Batinah coastal project, according to a senior official of the Supreme Committee for Town Planning, which is overseeing development of the massive road undertaking. Oman Daily Observer - 07Sep 06:23GMT
Most GCC Family-Owned Firms Want To Go Public

More than half of the big family-owned companies in the Gulf and the Middle East would like to convert to public joint stock companies by listing in the region's stock exchanges Emirates Business 24/7 - 07Sep 06:19GMT
Stock markets dip by over 8% in 2008

A sharp fall in most Gulf stock markets depressed the combined share index for the region by more than eight per cent in the first nine months of 2008. Emirates Business 24/7 - 07Sep 06:17GMT
GCC Has Highest Concentration Of Millionaires

The UAE, Qatar and Kuwait are among the world's top five countries, which enjoy the densest concentration of millionaire population in the world. Emirates Business 24/7 - 07Sep 05:38GMT
Renaissance subsidiary secures $225m BP contract in Azerbaijan

Renaissance Services SAOG subsidiary Topaz Energy and Marine Limited has announced that its Azeri offshore support vessel company, BUE Marine Limited, has been awarded a ten-year contract for three support vessels from BP Azerbaijan. Times of Oman - 07Sep 05:32GMT
ETA Star and OHI launch luxury township in Oman

One more player from Dubai has arrived in Oman to fill the 'vast gap' for apartment units against the demand as Muscat keeps expanding in every direction. Gulf News - 07Sep 04:53GMT

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Economy & Politics
Resisting Pressure
Gulf authorities gained credibility by resisting market pressure to end the US dollar peg when it plunged by nearly 30% in one year, says Deutsche Bank's Henry Azzam.

Loyal To The Peg
The Central Bank of Oman (CBO) has made moves to squash speculation of a revaluation of the Omani rial.

Economy & Politics
Uncoupling A Myth
Examining the uncoupling myth is crucial for the GCC economies since the bulk of exports go to Asia which is a huge supplier to the developed world.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	BankMuscat	Oman	4,055
2	Oman Telecommunications Company	Oman	3,712
3	National Bank of Oman	Oman	1,390
4	Raysut Cement Company	Oman	1,157
5	Galfar Engineering and Contracting	Oman	950
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