Omantel announced on Wednesday that it has decided not to proceed with its dual-currency sukuk issuance “due to the high profit rate as well as unfavourable market conditions.”
H E Yahya al Jabri, chairman of the Special Economic Zone Authority of Duqm (Sezad), has signed an agreement with Combined Group Contracting Co (CGCC) for the fourth package of Port of Duqm involving the construction of a government berth.
PA Resources, a Sweden-based oil and gas company with operations in eight countries, has signed an agreement to divest its portfolio of North Sea assets to Oman-based Petrogas E&P.
Wednesday witnessed volatile trading, which coincided with low investment activity in the Oman market.
Sezad chairman H E Yahya al Jabri has signed two agreements with Renaissance Services Co.
Al Omaniya Financial Services’ board of directors has recommended a dividend of 25 per cent - comprising 17 per cent cash, three per cent stock dividend and five per cent compulsorily convertible bonus stock bonds - for 2015.
Oman was ranked the sixth freest economy in the Middle East and North Africa region in the 2016 Index of Economic Freedom, an annual publication of the US-based think-tank Heritage Foundation and the Wall Street Journal.
Topaz Energy and Marine, a subsidiary of Renaissance Services, has expanded its fleet with the acquisition of the anchor handling tug supply (AHTS) vessel Mamlaka, taking its total number of vessels to 100, including three newbuilds currently under construction.