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BUSINESS NEWS

Salalah port faces challenges in transshipment operations

The Port of Salalah sees challenges from new terminal developments in the region and slow growth of global trade
Muscat - 

With transshipment volumes negatively impacted by new terminal developments in the region and slow growth of global trade, Port of Salalah sees challenges to its ability to maintain stability in the core business.

CBO calls on auditors to maintain professionalism

H E Hamood al Zadjali
Muscat - 

The Central Bank of Oman has called upon external auditors to maintain a high degree of professionalism and ethics while conducting the audit of financial institutions.

Asia-Pacific bankers, regulators converge for ABA conference

Asia-Pacific bankers, regulators converge for ABA conference
Muscat - 

Over 100 leading bankers and regulators from around the Asia-Pacific region have converged in Oman to attend the 31st Asian Bankers Association (ABA) general meeting and conference which started on Wednesday at Shangri-La's Barr al Jissah Resort and Spa. 

MB Holding and Al Marjan divest Ahlibank stake to OIF, Ominvest

MB Holding and Al Marjan divest  Ahlibank stake to OIF, Ominvest
Muscat - 

MB Holding and Al Marjan Financial Services LLC have divested their consolidated 15.2 per cent stake in Ahlibank to Oman Investment Fund (OIF), Oman International Development and Investment Co (Ominvest), and others.

Bank Sohar names Musafir as GM

Muscat - 

Bank Sohar has appointed Rashad Ali al Musafir as its general manager.

Tarik al Junaidi

Oman Shipping takes delivery of LNG carrier

Muscat - 

Oman Shipping Co (OSC) has taken delivery of one of the world’s most-advanced, fuel-efficient LNG carriers – the Adam LNG.

Outage not to significantly impact finances: Omantel

Outage not to significantly impact finances: Omantel

Muscat - 

Oman Telecommunication Co (Omantel) has said that the network outage that affected mobile, fixed and Internet services on Monday is not expected to have a significant financial impact on the company.

MSM30 closes flat as trading remains weak

MSM30 closes flat as trading remains weak

Muscat - 

The benchmark MSM30 index closed flat on Tuesday, inching down 0.01 per cent to 7,029.38. 

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