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BUSINESS NEWS

TOGY 2014 focuses on EOR, ICV and Khazzan gas field

TOGY 2014 focuses on EOR, ICV and Khazzan gas field
Muscat - 

Published annually by Wildcat International and produced in partnership with Oman’s Ministry of Oil and Gas and Oman Society of Petroleum Services (OPAL), the fourth edition of The Oil and Gas Year (TOGY) Oman, a report on the sultanate’s energy industry, was launched on Wednesday.

EOR, inflation pushing up oil production costs: H E Aufi

Muscat - 

Growing use of enhanced oil recovery (EOR) techniques and inflation have led to a spike in the cost of oil production in the sultanate, according to H E Salim al Aufi, undersecretary at the Ministry of Oil and Gas.

Al Madina, MB Holding to buy 60.5% stake in UAE takaful firm

Al Madina Takaful has received SCA’s approval for a 9.53% stake in Abu Dhabi-based National Takaful Co
Muscat - 

The UAE market regulator has cleared the purchase of a combined 60.53 per cent stake in Abu Dhabi-based National Takaful Co by Al Madina Takaful Co and a subsidiary of MB Holding Co.

Bank Muscat launches SME training initiative

Bank Muscat launches SME training initiative
Muscat - 

Bank Muscat on Tuesday unveiled a major initiative for training entrepreneurs in Oman, leading to an accredited international certification. 

MSM30 continues to fall on weak activity

Muscat - 

The MSM30 index declined further on low turnover, which came in at RO2.69mn. The benchmark closed down 0.28 per cent at 7,322.12. The sub-indices too fell, with the Financial, Industrial and Services indices posting loses of 0.37 per cent, 0.17 per cent and 0.19 per cent, respectively.

Al Maha Petroleum wins Raeco contract

Muscat - 

Al Maha Petroleum Products Marketing Co announced that it has bagged a tender to supply fuel to Rural Areas Electricity Co's (Raeco) power stations in Dhofar governorate for two years. 

Low volumes continue to weigh on MSM

Muscat - 

The MSM30 index declined on low volumes with total turnover at RO4.47mn, significantly below the year-to-date average of RO9.58mn. 

Bilateral trade does not reflect potential, said Ayman Abdullah al Hasani

Oman-Korea Forum seeks boost in bilateral trade

Muscat - 

The Oman-Korea Business Forum has urged concerted steps to bolster bilateral trade and increase cooperation between the private and SME sector players of both countries.

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