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Business
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Tuesday, 19 April, 2011
ZURICH — Swiss medical technology group Synthes said yesterday it is in takeover talks with US healthcare giant Johnson & Johnson, after media reports of a possible deal worth around $20 billion (14 billion euros).
"In response to market speculation, Synthes Inc confirms that it is engaged in discu
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Monday, 18 April, 2011
By A Staff Reporter -
MUSCAT — National Bank of Oman (NBO) has signed a financial agreement with Aluminium Rolling Mill Company, which is establishing a new rolling mill facility at Sohar Industrial Estate. The project is promoted by Takamul Investment Company SAOC, owned by Oman Oil Company, in co
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Monday, 18 April, 2011
By A Staff Reporter -
MUSCAT — Oman’s government has constituted a special committee with representatives from the private sector to assess the broader economic impacts stemming from the wave of protests, sit-ins and blockades that erupted in key cities across the Sultanate last month.
This was r
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Monday, 18 April, 2011
By A Staff Reporter -
MUSAT — Ahli United Bank BSC (AUB) reported a net profit attributable to its equity shareholders of $77.3 million for the quarter ended March 31. 2011, a 17.7 per cent increase over the same period in 2010 (Q1/2010: $65.7 million).
The resultant earnings per share were 1.6
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Monday, 18 April, 2011
MUSCAT — Hisayuki Inoue, Managing Officer, Toyota Motor Corporation has arrived in Oman.
Hisayuki Inoue has had a long and distinguished career. He joined Toyota Motor Corporation in 1977 after graduating from the renowned Waseda University with a Bachelor’s degree in political science and economic
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Monday, 18 April, 2011
By A Staff Reporter
MUSCAT — BankDhofar has announced the resignation of its Chief Executive Officer, Kris Babicci and the appointment of Mohammed Redha Ahmed Jawad as interim CEO. Babicci’s tenure at BankDhofar ends on April 24, 2011, the bank said in a disclosure notification to the Muscat Securi
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Monday, 18 April, 2011
By A Staff Reporter
MUSCAT — LG Electronics (LG) has launched the Titan, a premium residential air-conditioning model, in the Omani market yesterday at City Season Hotel. This updated version of an already successful, high-tech LG air-conditioner will deliver powerful cooling made to withstand th
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Monday, 18 April, 2011
By A Staff Reporter -
MUSCAT — Knowledge Oasis, Muscat-based mobile media company, Infocomm is the first business in Oman to be admitted as a member of the Mobile Marketing Association (MMA), the global association representing the mobile marketing value chain.
The MMA works to promote, educate,
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Monday, 18 April, 2011
By A Staff Reporter -
MUSCAT — BankMuscat, the leading financial services provider in the Sultanate, hosted a SWIFT user group meeting for bankers in Oman which introduced the participants to the new SWIFT payment systems and their benefits. The event held at the Bank’s headquarters was attended by
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Monday, 18 April, 2011
By A Staff Reporter -
MUSCAT — The range of development projects in the Sultanate as well as all the materials and equipment needed in building these projects will be showcased at Infra Oman 2011, the first-ever international exhibition that highlights the Sultanate’s rapid economic growth as seen
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