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Last Updated: Sun, Apr 24 2016 | 7:16 AM |
Oman's Bank Dhofar offers terms of proposed merger to Bank Sohar
Banking & Finance»

Oman's Bank Dhofar offers terms of proposed merger to Bank Sohar

Sunday, 24 April 2016 11:16 AM

Merger would create the country's second-largest bank with a market capitalisation of $1.81 billion and assets of $13.69 billion

Oman picks banks for first international bond in almost 20 years
Banking & Finance»

Oman picks banks for first international bond in almost 20 years

Thursday, 21 April 2016 2:52 PM

Sources say government has chosen five banks to arrange bond as it looks to shore up state finances in era of cheap oil

Omani oil majors in talks on loans worth combined $4.35 billion
Energy»

Omani oil majors in talks on loans worth combined $4.35 billion

Sunday, 17 April 2016 6:36 PM

Petroleum Development Oman and state energy investment firm Oman Oil Company are reportedly seeking loans to fund projects, extend existing facilities

National Bank of Oman posts 10% rise in Q1 net profit
Banking & Finance»

National Bank of Oman posts 10% rise in Q1 net profit

Thursday, 14 April 2016 2:41 PM

Sultanate's third-largest lender says it made a net profit of $36.1m in the three months to March 31

The Gulf's sovereign dilemma
Banking & Finance»

The Gulf's sovereign dilemma

Saturday, 9 April 2016 12:15 AM

With oil prices still faltering around their lowest level in 11 years, many GCC governments are drawing down assets from their once swelling sovereign wealth funds to plug budget deficits. Yet this is having a knock-on impact on global markets

Oman raises limit for banks' government bond holdings
Banking & Finance»

Oman raises limit for banks' government bond holdings

Wednesday, 6 April 2016 1:53 PM

Move will make it easier for the gov't to sell debt as it steps up bond issues to finance a big budget deficit caused by low oil prices

Shura council member proposes 3% tax for expats in Oman – report
Politics & Economics»

Shura council member proposes 3% tax for expats in Oman – report

Sunday, 3 April 2016 2:19 PM

Tawfiq Al Lawati says “fair practice” could replace current visa renewal arrangement, generate more income for government

Sport»

In Pictures: 100 under 40: The world’s most influential young Arabs 2016

Sunday, 27 March 2016 11:36 AM

Welcome to the 2016 Arabian Business guide to the world’s most influential young Arabs.

Oman chases investments in $800m Urban City project
Banking & Finance»

Oman chases investments in $800m Urban City project

Saturday, 26 March 2016 11:20 AM

Oman Tourism Development Company presents to 500 investors on Madinat Al Irfan Urban City project

Oman Oil in talks with banks on $1bn loan for subsidiary
Banking & Finance»

Oman Oil in talks with banks on $1bn loan for subsidiary

Thursday, 24 March 2016 4:21 PM

State-owned firm says funds would be used to finance development of the Khazzan natural gas field

Defacing bank notes illegal, warns Oman Central Bank
Banking & Finance»

Defacing bank notes illegal, warns Oman Central Bank

Sunday, 13 March 2016 2:36 PM

Bank issues circular urging the public to protect currency as “national symbol”

Sheikha Lubna ranked most powerful Arab woman in 2016
Lists»

Sheikha Lubna ranked most powerful Arab woman in 2016

Sunday, 13 March 2016 8:57 AM

UAE’s Minister of Tolerance takes top spot for sixth year in a row, followed by Zainab Salbi and Reem Al Hashimy

Sport»

InPics: The 100 Most Powerful Arab Women 2016

Sunday, 13 March 2016 8:55 AM

Welcome to CEO Middle East’s sixth annual list of the world’s most powerful Arab women — our yearly look at the most important female influencers across the Arab world.

Oman's Orpic completes $3.8bn financing for plastics complex
Banking & Finance»

Oman's Orpic completes $3.8bn financing for plastics complex

Thursday, 10 March 2016 4:26 PM

Financing also supported by export credit agencies of Italy, the Netherlands, South Korea, the UK and Germany

Omani firms moot 'redundancy fund' for laid-off staff
Banking & Finance»

Omani firms moot 'redundancy fund' for laid-off staff

Wednesday, 9 March 2016 2:08 PM

Fund could cover up to 60% of private sector employees’ salaries for six months after losing job


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