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Business
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Tuesday, 29 March, 2011
By A Staff Reporter -
MUSCAT — In a move that widens its role as a multilateral development bank, the Arab Petroleum Investments Corporation (APICORP) announced that it has signed the Accession Agreement to the International Finance Corporation’s (IFC) Master Co-operation Agreement (MCA). APICORP
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Tuesday, 29 March, 2011
By A Staff Reporter -
MUSCAT — The Dubai Mercantile Exchange (DME) plays a vital role in providing a safe, regulated market place for transparent, efficient and orderly transactions for buyers and sellers of crude oil to achieve fair value, Chief Executive Officer Thomas Leaver told senior energy
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Tuesday, 29 March, 2011
By A Staff Reporter -
MUSCAT — Oman Housing Bank (OHB) has provided 2,796 subsidised loans worth RO 54.4 million in the Dakhiliyah region since its inception. This comes at part of bank’s efforts in contributing effectively in providing housing loans for Omani citizens in different governorates an
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Tuesday, 29 March, 2011
MUSCAT — The ongoing efforts to effectively meet the growing demand for low-cost housing throughout the Middle East region will take centre stage at the Affordable Housing Development Summit Oman, which is scheduled on June 19 – 22, 2011 at the Grand Hyatt Muscat.
The event, which is organised by I
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Tuesday, 29 March, 2011
MUSCAT — Nawras, Oman’s customer friendly communications provider, received the ISO IEC 27001:2005 certification for its information security management system.
The ISO (International Organization for Standardisation) is testament to the care that Nawras places on its back office support systems
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Tuesday, 29 March, 2011
By A Staff Reporter -
MUSCAT — The premium a customer is willing to pay for BankMuscat products and services has increased significantly as the bank’s brand value rose to $300 million in 2011 compared to $202 million in 2010, according to the 2011 Brand Finance Banking®500 report, published in ass
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Tuesday, 29 March, 2011
By A Staff Reporter -
MUSCAT — With a clear focus on consolidating its retail dominance in the region, the LuLu Hypermarkets chain is expanding in both existing as well as new markets around the Gulf region.
The 89th outlet of LuLu Hypermarket was opened on Sunday in Riyadh, the second in the ci
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Tuesday, 29 March, 2011
MOSCOW — State-controlled Russian grid firm FSK completed the listing of its secondary shares in London yesterday, a major step towards the eventual sale of a 4.11 per cent stake.
The company, on the short-list of firms to be privatised as part of $30 billion fund-raising plan by the Russian govern
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Monday, 28 March, 2011
By A Staff Reporter -
MUSCAT — The Dubai Mercantile Exchange Limited (DME) announced yesterday that cumulative trading of its benchmark DME Oman Crude Oil Futures Contract (DME Oman) has exceeded two million contracts, representing two billion barrels of crude oil traded since its launch on June 1
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Monday, 28 March, 2011
By A Staff Reporter -
MUSCAT — Muscat Electricity Distribution Company (MEDC) has announced an end-of-year profit and revenue results for the financial year ending on December 30, 2010. The Annual General Meeting was held on Wednesday, March 23, 2011 and was attended by the company’s Board of Dir
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