BUSINESS NEWS

Lulu Group launches integrated mixed-use project in India

Lulu Group launches integrated mixed-use project in India
Visakhapatnam - 

Retail major Lulu Group has officially launched one of the largest projects of its kind in the Indian state of Andhra Pradesh.

Salalah Port reports growth in volumes, revenue for 2017

Salalah Port reports growth in volumes, revenue for 2017
Muscat - 

Port of Salalah, one of the largest multi-purpose ports in the Middle East region, recorded significant growth in both container and general cargo volumes during 2017.

OAPFD plans to set up electronic system to create partnerships

Muscat - 

The Omani Authority for Partnership for Development (OAPFD) is looking into establishing a direct partnership for development (PFD) electronic system to create local and global partnerships.

Omantel reports RO107mn net profit for 2017; group revenue rises 45%

Omantel reports RO107mn net profit for 2017; group revenue rises 45%
Muscat - 

Oman Telecommunications Company’s (Omantel) board of directors approved the audited financial results of the company for the year 2017. Omantel recorded an increase of 44.7 per cent in revenue reaching RO751.7mn compared to RO519.4mn in 2016.

Meethaq joins hands with Hydrocarbon Finder to finance oil and gas project

Meethaq joins hands with Hydrocarbon Finder to finance oil and gas project
Muscat - 

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, and Hydrocarbon Finder E&P LLC (HCF) signed an Islamic project financing facility for the development of oil and gas fields in Oman’s Block 7 operated by HCF.

Aqualia, Majis set up new joint venture to manage water facilities at Sohar port

Muscat - 

Spanish hydro-technology firm Aqualia recently signed a joint venture (JV) agreement with Majis Industrial Services to manage and operate water installations in the Port of Sohar.

Diversification efforts take centre stage in 2018 report on Oman

Muscat - 

Oman’s efforts to broaden its economic base by channelling investment into sectors identified as ripe for development are given wide-ranging analysis in a new report just produced by the global research and consultancy firm Oxford Business Group (OBG).

Airbus delivers its first A350-1000 to launch customer Qatar Airways

Airbus delivers its first A350-1000 to launch customer Qatar Airways

Toulouse - 

Airbus has delivered the world’s first A350-1000 wide-body airliner to launch customer Qatar Airways at a delivery event in Toulouse, France. The aircraft is the first of 37 A350-1000s ordered by the carrier and is the first ever Airbus aircraft fitted with the revolutionary new Qsuite seats, offering the first ever double bed in business class.



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