BUSINESS NEWS

Rohn Products sets up telecom towers factory in Sohar

Rohn Products sets up telecom towers factory in Sohar
Muscat - 

Rohn Products International Holdings, a US-based tower design and manufacturing company, has set up Oman’s first telecom towers manufacturing factory in Sohar to build and develop communication towers and related products.

Omantel plans to tap bridge loan facility for acquiring further stake in Zain Group

Omantel plans to tap bridge loan facility for acquiring further stake in Zain Group
Muscat - 

Omantel, which is planning to purchase an additional 12 per cent stake in Kuwaiti telecommunication firm Zain Group, said it will plan to finance the acquisition of Zain Group shares through a bridge loan facility.

Oman on track to become world’s largest gypsum exporter, says PAM CEO

Oman on track to become world’s largest gypsum exporter, says PAM CEO
Muscat - 

Eng Hilal bin Mohammed al Busaidi, CEO of the Public Authority for Mining (PAM), said that Oman is on track to become the largest exporter of gypsum in the world by the end of this year, surpassing the current biggest exporter Thailand.

CMA approves allotment of OQIC shares

Muscat - 

The Capital Market Authority (CMA) approved the allotment of the shares of Oman Qatar Insurance Co (OQIC), according to an Oman News Agency report.

ODB finances 988 projects in Ad Dhakhiliyah for RO 4.7 mn

ODB finances 988 projects in Ad Dhakhiliyah for RO 4.7 mn
Muscat - 

Oman Development Bank (ODB), Nizwa branch, has financed more than 988 development project in the production and service sectors in the Governorate of Ad Dhakhiliyah, with a total of RO 4 million, 721 thousand and 242.

Omantel reports RO60mn net profit for first nine months of 2017

Omantel reports RO60mn net profit for first nine months of 2017

Muscat - 

Omantel reported a group net profit of RO59.9mn for the nine months period ended September 30, 2017 compared to RO95.1mn for the corresponding period of 2016, a decrease of 37 per cent.

PSC bags ‘Best Regional Enterprise’ award

PSC bags ‘Best Regional Enterprise’ award

Muscat - 

Port Services Corporation (PSC) was recently awarded the coveted Europe Business Assembly’s prestigious international award for the ‘Best Regional Enterprise’.

Oman to host 13th Gulf Power Conference

Muscat - 

Oman, represented by the Public Authority for Electricity and Water (PAEW) and the Nama Group, will host the 13th Gulf Power Conference.



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