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BUSINESS NEWS

HSBC Bank Oman appoints more Omani nationals

HSBC Bank Oman appoints more Omani nationals
Muscat - 

HSBC Bank Oman has announced the appointments of Nahla al Kharusi as deputy general manager and head of business management, commercial banking and Masoud al Ghaithy as assistant general manager and head of conduct compliance.

Grand Hyatt appoints new director of sales, marketing

Grand Hyatt appoints new director of sales, marketing
Muscat - 

Paul Mc Donald recently joined the team at Grand Hyatt Muscat as director of sales and marketing.

OCTAL recognised for increasing productivity at Oral-B packaging unit

OCTAL recognised for  increasing productivity at Oral-B packaging unit
Muscat - 

Oman based OCTAL, one of the world’s largest PET producers and a global leader in the packaging industry, has received two Certificates of Appreciation for Quality Performance and Productivity Improvement from Rialto Enterprises, the exclusive contract manufacturer of Oral-B manual tooth brushes in India. 

IDB to provide $176mn funding for water supply project in Oman

IDB to provide $176mn funding for water supply project in Oman
Muscat - 

Jeddah, Saudi Arabia-based Islamic Development Bank (IDB) will provide US$176mn financing for a water supply project in the Sultanate.

PAEW implements three water sector projects worth RO64mn

PAEW implements three water sector projects worth RO64mn
Muscat - 

In efforts to achieve the government's vision in completing and implementation of infrastructure projects in the sultanate, the Public Authority for Electricity and Water (PAEW) has announced the implementation of three major water sector projects with a total cost of more than RO64mn.

Oman's growth outlook robust on diversification efforts, says Moody’s

Oman's growth outlook robust on diversification efforts, says Moody’s

Muscat - 

Oman’s economic strength remains 'high' based on a robust outlook for long-term economic growth which takes into account the government’s efforts to diversify the economy away from hydrocarbon sector, according to Moody’s Investors Service. 

Oman to host GCC Rail and Metro conference 2015

Muscat - 

The sultanate, represented by the Ministry of Transport and Communications, will host the GCC Rail and Metro Conference on January 11-12, 2015 at the Al Bustan Palace Hotel

Transfer of cargo activities from Muscat to Sohar critical for tourism and future industrial development

Transfer of cargo activities from Muscat to Sohar critical for tourism and future industrial development

Muscat - 

The transfer of most commercial cargo activities from Muscat port to Sohar, is critical to boosting tourism and future industrial development in Oman, says leading international real estate consultancy Cluttons. 

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