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Business
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Monday, 13 May, 2013
By A Business Reporter -
MUSCAT — Bank Muscat, the flagship financial services provider in the Sultanate, marks a ceremony today (Monday 13 May 2013) to announce the completion of RO 75 million private placement transaction with International Finance Corporation (IFC), a member of the World Bank
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Monday, 13 May, 2013
Muscat — Nawras’ new website at nawras.om has won the gold award in the telecommunications category at the tenth edition of the Pan Arab Web Awards where Ross Cormack, CEO was named Telecommunications Man of the Year, for the second time. The awards were presented during a ceremony held at the Burj
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Monday, 13 May, 2013
By A Business Reporter -
Muscat — The Public Authority for Investment Promotion and Export Development (PAIPED) spearheaded the Sultanate of Oman’s recent trade delegation to the 8th World Chambers Congress in Doha as 15 leading government organisations and private sector companies exhibited the
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Monday, 13 May, 2013
BRUSSELS — As tens of millions languish on the dole with EU austerity blamed for deepening recession, finance ministers will switch their focus tomorrow from bailout negotiations to the pursuit of a trillion-euro annual tax-fraud bounty.
European Union governments are looking to ready a package tha
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Monday, 13 May, 2013
SYDNEY — Australian Treasurer Wayne Swan admitted it was politically "very uncomfortable" to fail to return the budget to surplus as forecast, but blamed unprecedented shortfalls in government revenue.
Swan, who will deliver his sixth annual budget tomorrow, said a year ago that the national accou
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Monday, 13 May, 2013
NEW YORK — With the Dow and the S&P 500 setting another string of record closing highs this week, the old Wall Street adage "Sell in May and go away" is starting to look weak.
Closing out the second week of May, the Standard & Poor's 500 index is up 2.3 per cent for the month.
For the year, the be
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Monday, 13 May, 2013
LONDON — Britain's Co-operative Bank said that its chief executive has quit following an aborted deal to buy 632 new branches, as a ratings downgrade sparked fears it might need a government bailout.
"Barry Tootell, CEO, The Co-operative Banking Group, has chosen to step down from the business and
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Sunday, 12 May, 2013
By Conrad Prabhu — MUSCAT — A major review of Oman’s energy policy launched by the government is expected to address a number of far-reaching concerns, notably the current overdependence on domestic gas for electricity generation, lack of fuel diversity, barriers to the development of renewables, en
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Sunday, 12 May, 2013
By A Staff Reporter — MUSCAT — Oman Fiber Optic Co SAOG has successfully completed a major network deployment project for Petroleum Development Oman (PDO). PDO chose to replace its old wireless infrastructure with the new WiMAX network because of regulatory requirements, technology obsolescence, and
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Sunday, 12 May, 2013
By A Staff Reporter — MUSCAT — The Omani subsidiary of Svitzer, the world’s leading towage and salvage services provider, celebrated the successful completion of 15 years of operations in the Sultanate without a Lost Time Incident (LTI). The celebrations, held at the Grand Hyatt Muscat recently, wer
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