Omani banks post higher growth in first half
The revenue of banks listed on the Muscat Securities Market for the first half of 2014 has been estimated at RO 378.068 million, an increase of 9% on year on year basis.
Dubai plunges as Gulf markets end worst quarter in years
Gulf stock markets ended their worst quarter in years on Monday as speculative bubbles continued to deflate in some stocks while the security crisis in Iraq and a lull in activity during the holy month of Ramadan dampened fresh buying.
Oman power firms surge ahead on debut listing
The shares of two Omani independent power producers -- Al Suwadi Power Company and Al Batinah Power Company -- which were listed on the Muscat Securities Market (MSM) on Monday, have surged ahead on heavy demand from institutional investors.