Oman Oil in talks with Oxy to buy stake in local assets - CEO
Oman Oil Co. is in talks with Occidental Petroleum Corp OXY.N to buy a minority stake in its assets in the Gulf Arab sultanate, the Omani firm's chief executive said.
MSM shines on positive market breadth
The MSM30 index rebounded on Sunday to close up 1.08 per cent at 6,946.81, after posting a 8.12 per cent decline last week. Other markets in the region also posted gains after policy makers in Europe and UK, over the weekend, guided towards measures to address the economic weakness in their respective regions.
OMR725m wiped off Oman market as stocks plunge
A massive sell-off wiped out OMR 725 million of the Muscat Securities Market's value last week as fears over the global economy and sharp fall in oil prices drove local shares down the most in over 3 1/2 years.