New oil frontier opens up off Oman’s east coast
Oman’s nascent efforts to unlock the hydrocarbon potential of its vast, untapped offshore acreage received a shot in the arm
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Business
Banking credit to Omani SMEs lags at 3.2 per cent, well below mandated 5 per cent: CBO
Loans provided by commercial banks to SME funding agencies can now be considered – up to a certain limit –
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Sohar Port to add marine repair capabilities to hub
In line with its commitment to provide high-quality vessel services, Sohar Port has entered into an agreement with Albwardy Damen.
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Omani products showcased at Gulfood 2020
A variety of showcased Omani products are attracting visitors, investors, industrialists, business owners, agents and suppliers at the ongoing annual
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Sohar Port and Freezone inks MoU for financial, banking services
Sohar International has signed a Memorandum of Understanding (MoU) with Sohar Port and Free Zone (SFZ) for further boosting trade
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Al Wathbah Academy training in Musandam to start soon
MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate, in line with its commitment to strengthen support to
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World’s largest hotel franchising brand to open second property in Oman
Wyndham Hotels & Resorts, the world’s largest hotel franchising company, is set to open its second property in the Sultanate
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Somali business delegation explores investment opportunities in Madayn
A delegation representing the Ministry of Commerce and Industry in Somalia and a number of Somali businessmen visited on Tuesday
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SalamAir ties up with ONEIC for cash collection service
MUSCAT: To offer superior convenience to customers, Sultanate’s fastest-growing value-for-money airline, SalamAir, has signed an agreement with Oman National Engineering
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Glencore eyes emissions cut as it posts 2019 net loss
ZURICH: Mining giant Glencore said on Tuesday it would target cutting carbon emissions by around a third by 2035 as
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Dutch court upholds shareholder appeal in $50 billion Yukos case
THE HAGUE: Dutch court on Tuesday upheld an appeal by shareholders of the dismantled oil giant Yukos in a landmark
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HSBC axes 35,000 jobs, cuts assets as profits slump
HONG KONG/LONDON: HSBC Holdings PLC said on Tuesday it would shed $100 billion in assets, shrink its investment bank and
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SoftBank spends $2.5 billion on Vision Fund
TOKYO: SoftBank Group Corp has pumped $2.5 billion of its own cash into new investments since October, people familiar with
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France remains to be ‘vigilant’ to Renault job cuts, closures
BRUSSELS: French Finance Minister Bruno Le Maire (pictured) warned on Tuesday that France will remain extremely vigilant to potential plant
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COVID-19 a knockout blow for Hong Kong tourism
Sarah Wu and Donny Kwok – Tom Bennell’s olive oil distribution business took a heavy beating during months of pro-democracy
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Alstom’s M&A detour has lower chance of derailment
Alstom is taking a second-class route around China. After Brussels blocked its preferred coupling with the rail unit of Germany’s
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Shades of Detroit? Germany’s auto heartlandsin peril as ‘golden age’ fades
Michael Nienaber – When Kristin and Thomas Schmitt took out a mortgage and bought a house last summer, the German
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Fintech ecosystem taking shape in Oman
The growth of an ecosystem connecting banks, financial institutions, regulatory organisations and service providers bodes for the development of a
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Oman’s gas industry set to shine at IGRC 2020
For the first time in the region, the Sultanate of Oman will be organising the International Gas Union Research Conference
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Oil prices steady as demand concerns weigh
SINGAPORE: Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from
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50-bed private integrated hospital to be set up in Duqm SEZ
Iskan Oman Investment Company SAOC announced its plan to expand its KIMS Duqm Medical Complex to be a fully integrated
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