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Top Oman News

  • IMF cuts growth forecasts


    On 24 January 2012, the IMF cut its forecasts for global growth and warned of a deeper downturn worldwide if Europe does not take stronger action to stem its debt crisis. The global economy will now expand 3.3% y-o-y in 2012, down from 3.8% in 2011 (IMF's September forecast estimated a growth of 4.0% y-o-y in 2012), and warned that that it could drop as low as 1.3% y-o-y if Europe's problems persist. Press Release - 03Feb 11:56GMT
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  • 10% of aluminium output in GCC


    Heavy investments will largely expand smelters in Gulf hydrocarbon producers and this will allow them to control more than 10 per cent of the world's total aluminium output, according to a US report. Emirates 24|7 - 03Feb 08:49GMT
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  • System will link GCC to manpower-exporting states


    Prospective Gulf workers' medical reports issued from 11 manpower exporting countries will be linked electronically to the GCC health ministers' secretariat and to countries in the region. Arab News - 03Feb 08:45GMT
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  • Middle East injects $180bn into 113 new power, water, energy projects


    New power, water, and energy projects valued at US$180 billion are underway or at the planning stages in the Middle East, as the UAE forges ahead with 20 projects worth US$34.2 billion. Press Release - 02Feb 10:06GMT
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  • BankMuscat non-public offer to raise RO58mn


    To augment its capital base in order to meet growing credit demand and fund business expansion, BankMuscat, the largest financial services provider in the sultanate, has announced plans to raise RO57.75mn through a private placement of shares. Muscat Daily - 02Feb 08:10GMT
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  • Ahlibank to float RO25mn rights issue


    Ahlibank's board of directors has approved a rights issue of RO25mn and the acquisition of Middle East Brokerage Company (MEBC), as the bank looks to fund expansion and launch an investment brokerage arm. Muscat Daily - 02Feb 08:10GMT
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  • SMEs need to raise quality of work: Oman Tender Board


    Small and medium enterprises (SMEs) in the sultanate need to improve the quality of work in order to benefit from the planned government expenditure in 2012, according H E Dr Rasheed al Huraibi, chairman of the Tender Board. Muscat Daily - 02Feb 08:09GMT
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  • OIB net profit up 2.4% in 2011


    Oman International Bank (OIB) has announced a 2.4 per cent rise in net profit to RO18mn from RO17.58mn in 2010, according to the bank's disclosure to the Muscat Securities Market on Tuesday. Muscat Daily - 02Feb 08:08GMT
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  • Initial talks held with potential OCEC clients, says AEG Ogden


    AEG Ogden, venue managers for the upcoming Oman Convention and Exhibition Centre (OCEC), said initial discussions have been held with clients interested in holding events in the sultanate as construction tenders are issued following the completion of site preparation near Muscat. Muscat Daily - 02Feb 08:08GMT
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  • Dolphin Plaza complex to open on Thursday in Oman


    Yahya Group Holding, the company behind the Dolphin Village development, is to open its Dolphin Plaza shopping complex on Thursday at its Bausher compound - the first step in an expected larger development. Muscat Daily - 02Feb 08:07GMT
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SMEs and Aggressive Growth - What are the Challenges that Need to be Overcome? (Jan-12)
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Entrepreneurs who want to establish new businesses – which are invariably SMEs by some relevant definition – face considerable obstacles. In the UAE, which is the focus of this Roundtable, the obstacles include a lack of finance.


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Top 25 transportation projects
The Middle East's transportation needs are going to grow threefold over the next few decades. Here's a list of the 25 major transportation projects that will transform the region but also make demands on its energy supplies.
 
 
Economy & Politics
Constitutional power
While it is unlikely that other Gulf states could suffer its fate, the Gulf Co-operation Council as a whole faces a tremendous set of political, economic, social and demographic challenges this decade.
 
 
Transport on the fast track
Further progress towards the construction of a national rail network, along with long-awaited expansions in the port system, are highlighting Oman's potential to become a lynchpin for commercial transport in the GCC.
 
 
 
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Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 BankMuscat Oman 2,972
2 Oman Telecommunications Company Oman 2,554
3 Bank Dhofar Oman 1,236
4 Omani Qatari Telecommunications Company Oman 1,057
5 National Bank of Oman Oman 884
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