Top Oman News

Octal Petrochemicals targets higher sales

Octal Petrochemicals is targeting $500 million in sales in Europe and further international expansion, it was announced. Oman Daily Observer - 12May 07:34GMT
Oman keen to introduce German engineering education system

The Sultanate is seriously considering introducing the German engineering education system in the proposed Colleges of Applied Sciences coming up at the regional level in various parts of the country. Oman Daily Observer - 12May 07:24GMT
UAE-Qatar Dolphin Project Comes In At $5 Billion

The UAE and Qatar have pumped nearly $5 billion (Dh18.3bn) into the Dolphin project, which involves the first major trans-Gulf gas pipeline and one of the world's largest natural gas treatment facilities. Emirates Business 24/7 - 12May 04:33GMT
Three primary issues to raise RO 70m from investors in Oman

Three primary issues an initial public offering, a rights issue and call money for a partly paid share have been floated by different companies to raise close to RO 70 million from investing public in Oman. Oman Daily Observer - 11May 06:44GMT
BankMuscat announces new motor insurance initiative

BankMuscat has entered into a strategic tie-up with National Life & General Insurance Company (NL & GIC) to announce an innovative motor insurance product for its credit card customers. Oman Daily Observer - 11May 06:42GMT
Nawras launches prayer time subscription

Nawras has introduced another 'first' with the launch of its new prayer time subscription service, following on from the success of the SMS prayer time notification service, launched by the company last year. Oman Daily Observer - 11May 06:38GMT
Corporate credit rating for OPWP hailed

Sultan bin Hamdoon al Harthi, Chairman of Oman Power and Water Procurement Co SAOC (OPWP), has welcomed the recent announcement of the internationally-recognised financial rating agency, Standard & Poor's Ratings, assigning its 'A' long-term corporate credit rating to OPWP. Oman Daily Observer - 11May 06:37GMT
RO 54m water supply project in Oman's Al Awabi

An RO 54 million project for supply of water to the wilayats of the Southern Batinah region commenced here yesterday with the installation of water storage tanks. Oman Daily Observer - 11May 06:37GMT
Fitch upgrades bank Muscat's individual rating to 'B/C'

Fitch Ratings has today upgraded Oman-based Bank Muscat's (BM) Individual rating to 'B/C' from 'C' and affirmed its other ratings at Long-term Issuer Default (IDR) 'A-' (A minus) with Stable Outlook, Short-term IDR 'F2' and Support '1'. Press Release - 10May 08:39GMT
Omani Re-insurance Company Gets CMA Approval

The Capital Market Authority (CMA) approved the establishment of the first Oman Re-insurance Company in the Sultanate with RO 30 million capital, said Murtadha bin Mohammed Jawad al Jamalani, Promoter and Project Manager. Oman Daily Observer - 10May 05:35GMT

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Telecoms & IT
Well Connected
A wave of liberalisation has gripped the telecom sector in the Gulf region, with foreign players gearing up to grab a piece of the pie.

Travel & Tourism
Help Wanted
The pace of growth in travel and tourism in Arabia is happening at such a pace that hospitality leaders are asking themselves: who is going to serve all of these travellers?

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On Easy Street?
While much of the rest of the world economy faces recession, the ME is looking forward to another year of robust growth and swelling external-account surpluses.

Company Ranking

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

	Company	Country	Market Capital ($mil)
1	BankMuscat	Oman	5,833
2	Oman Telecommunications Company	Oman	4,054
3	National Bank of Oman	Oman	2,280
4	Raysut Cement Company	Oman	1,435
5	Galfar Engineering and Contracting	Oman	1,409
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