Nawras' capital expenditure seen at OMR200m
The Omani Qatari Telecommunications Company's (Nawras) capital expenditure (Capex) between 2012 and 2014 will be around OMR 200 million, which represents a Capex to revenue ratio of around 31% and is roughly twice the international average, said the company's chief executive officer Greg Young.
Gulf mostly declines, Dubai up before expo decision
Most Gulf bourses declined yesterday in a wave of profit-taking triggered partly by oil's temporary weakness in the aftermath of the world powers' nuclear deal with Iran.
MSM declines amid limited trading activity
Lower foreign investor participation and limited trading activity on key index stocks led the Muscat Securities Market general index to trade in tight ranges.