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Sat, 04 Jul 2009 | 17:56 GMT
 
Top Oman News

  • Al Madina A'Zarqa signs agreement with IHG for the development of waterfront hotel


    Blue City Company 1 (BCC1), the developers of phase one of Al Madina A'Zarqa has signed an agreement with InterContinental Hotels Group (IHG) for the development of a five star beachfront property, InterContinental Al Madina A'Zarqa. Press Release - 04Jul 07:34GMT
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  • Oman: RO 54M tenders awarded


    The Tender Board yesterday awarded tenders worth RO 53,827,568. The new projects include power plant, transmission line in Yitti; roads in Al Sharqiyah region; power plant, transmission line in Bausher and dual carriageway in Salalah. Oman Daily Observer - 04Jul 06:19GMT
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  • New premises for Oman's embassy in Tokyo opened


    A celebration was held here on Thursday to mark the opening of the new premises of the Sultanate's embassy, under the auspices of Sayyid Badr bin Hamad bin Hamoud Al Busaidi, secretary-general of the Foreign Ministry. Times of Oman - 04Jul 06:18GMT
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  • Domestic liquidity shields Oman


    The banking sector in Oman has been shielded from the adverse effects of the global slowdown and continues its resilience by drawing support from the expansionary fiscal policy and supportive domestic liquidity conditions. Times of Oman - 04Jul 06:17GMT
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  • GCC States To Sign Power Swap Deal


    Officials from Gulf oil producers will meet in Saudi Arabia this week to sign an agreement on the exchange of power supplies in the event of shortage or disruption within a planned power grid. Emirates Business 24/7 - 04Jul 06:09GMT
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  • School admn positions see 100 pc Omanisation


    The Omanisation of teachers in more than 1,056 public schools has reached 89 per cent and will soon cross the figure of 90 per cent. Oman Daily Observer - 04Jul 06:03GMT
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  • Petrofac Wins $350m Kauther Contract From PDO


    Petrofac, the international oil and gas facilities service provider, has been awarded a contract worth more than $350 million for the Kauther gas-field depletion-compression project. Oman Daily Observer - 04Jul 06:02GMT
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  • Omani, Korean firms keen to set up joint ventures


    Oman-based companies have once again shown a keen interest to start up joint ventures with Korean manufacturing concerns. Oman Daily Observer - 04Jul 06:00GMT
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  • Gulf bourses muzzy pending Q2 results


    Uncertainty prevailed at most of Arab stock markets this week as investors awaited the release of second-quarter corporate results, which they believed would decide the course of regional markets in the coming stage, financial analysts said Friday. The Saudi Gazette - 04Jul 05:54GMT
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  • Investors keep eye on corporate results


    Saudi shares were volatile last week as the financial sector was negatively affected by hardships facing certain Saudi family businesses, mainly Saad Group and Ahmad Hamad Al-Gosaibi & Brothers Co. (AHAB). Arab News - 04Jul 05:43GMT
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Kuwait National Airways operates premium scheduled air transportation services through its division, Wataniya Airways. KNA listed its shares, worth USD125.57 million, on the Kuwait Stock Exchange, in December 2008.
 

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GCC Cement
Credit Suisse - 30 Jun 2009

CS initiates coverage on the GCC cement sector with a negative view, against a backdrop of strong supply growth in 2009–10 but slowing demand. CS issues a OUTPERFORM recommendation on Yamama Saudi Cement Company (Saudi Arabia), a NEUTRAL recommendation on Raysut Cement Company (Oman) and Qatar National Cement Company (Qatar), and a UNDERPERDFORM recommendation on Union Cement Company (UAE) and Kuwait Cement Company (Kuwait).

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01Nov Organized by PennWell Corporation POWER-GEN Middle East 2010 (3 days from 01-03 Nov 2010)
03Oct Organized by Riyadh Exhibitions Company Saudi Build 2010 (4 days from 03-06 Oct 2010)
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Zawya Select
ZawyaSelect
Resilient To The Crisis
The banking system in Oman has to a very great extent been shielded from the adverse effects of the crisis in the global financial markets, thanks to a wise fiscal policy and supportive domestic liquidity conditions.
 

 
Rail System For Muscat?
With the concept of a railway system in the Batinah region having since grown into a wider North Oman network, an extension into Muscat, experts say, is the next logical step in the evolution of the Sultanate's ambitious rail initiative.
 

 
Islamic Finance
Lacking Government Support
The impressive growth of Islamic finance in the GCC countries could not be achieved without government support. However, the extent of government support varies considerably across GCC countries.
 
Company Ranking
Ranked by Market Cap 
Based on yesterday's close
| No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Oman Telecommunications Company Oman 2,511
2 BankMuscat Oman 1,964
3 Bank Dhofar Oman 1,158
4 National Bank of Oman Oman 859
5 Oman International Bank Oman 761
» View Full List
 
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