Business

  • Wednesday, 15 May, 2013

    By A Staff Reporter - MUSCAT — General cargo volumes handled by Salalah Port during the first quarter of this year rose 18 per cent to 1.9 million tonnes in comparison with figures for Q1 2012, the transshipment and logistics hub on the Indian Ocean said in the Directors’ Report of the company’s

  • Wednesday, 15 May, 2013

    By A Staff Reporter - MUSCAT — Recent research has shown that revenues and occupancy for four and five star hotels increased significantly in 2012, driven by Omani rather than foreign guests, says real estate specialist Cluttons in a report on the hospitality industry in Oman. The market is al

  • Wednesday, 15 May, 2013

    By A Staff Reporter - MUSCAT — Under the auspices of Said bin Hamdoon al Harthy, Ports and Maritime Affairs Under-Secretary at the Ministry of Transport and Communications, Sohar Industrial Port Company (SAOC) yesterday hosted the closing ceremony of the “Sohar Rail Week” held as part of its CS

  • Wednesday, 15 May, 2013

    MUSCAT — In response to a growing demand for quality education that caters to a multicultural National and International community in the Sultanate, the Gulf International School (GIS) has opened in Muscat. The Gulf International School follows the British curriculum. Children at the school will b

  • Wednesday, 15 May, 2013

    By Kabeer Yousuf - MUSCAT — Austria is keen on enhancing trade and other bilateral relations with the Sultanate of Oman, according to a diplomat from Austria. As the first step towards the goal, Austrian Federal Economic Chamber will be opened in Muscat in June. “Although not represented by a d

  • Wednesday, 15 May, 2013

    MUSCAT — Bank Muscat, the flagship financial services provider in the Sultanate, will soon announce beneficiary sports clubs and teams across the Sultanate for funding to green their playing fields in 2013. The Green Sports initiative launched by Bank Muscat, as part of a unique Corporate Social

  • Wednesday, 15 May, 2013

    MUSCAT — Muscat Private Hospital, the leading private hospital in the Sultanate, conducts more than 500 surgical operations in all medical specialties, including some of the most complicated due to the medical expertise and state-of-art equipment. Dr Mohammed al Obaid, Emergency Medicine Consulta

  • Tuesday, 14 May, 2013

    Bank Muscat completes RO 75 million private placement with IFC - MUSCAT — Bank Muscat, the flagship financial services provider in the Sultanate, yesterday announced the completion of RO 75 million private placement transaction with International Finance Corporation (IFC), a member of the World Bank

  • Tuesday, 14 May, 2013

    By A Staff Reporter - MUSCAT — Al Hilal MENA Fund (AHMF), an open-ended fund based on the Mudaraba structure, operating in accordance with the principles of sharia, will be launched by ahlibank on May 22, 2013. It will be the first sharia-compliant fund to be rolled out by an Omani bank. The ini

  • Tuesday, 14 May, 2013

    By Conrad Prabhu - MUSCAT — The potable water requirements of a massive industrial hub and urban township envisioned at Duqm in Wusta Governorate will be met by a new Independent Water Project (IWP), according to the Oman Power and Water Procurement Company (OPWP) The project could also be poten