Jacobs Engineering Group Inc, a California-based company and one of the world’s largest and most diverse providers of professional technical services, announced on Wednesday that it has been awarded a contract by BP for the process and infrastructure related work on the Khazzan greenfield project in Oman.
Turkish construction conglomerate Sezai Turkes-Feyzi Akkaya (STFA) has been awarded the Khasab-Tibat coastal road project in the Musandam governorate for a total value of RO41.99mn by the Ministry of Transport and Communication.
Bank Nizwa has partnered with the Ministry of Endowment and Religious affairs to make it easier for its customers to pay their Zakat, thereby helping them in meeting their religious obligations.
The general index of the Muscat Securities Market (MSM) ended on a positive note on Wednesday to close at 7,129.27, up 0.45 per cent. With a total of 63 stocks traded, the market breadth was positive, with 20 advancing stocks to 15 declining stocks, while 28 stocks remained unchanged.
Alpen Capital predicts that growth in the air passenger and air cargo traffic in the Middle East is likely to outperform that across all the other regions between 2012 and 2032.
Bilateral trade between Oman and China reached US$23bn in 2013, with around US$20bn of the total trade coming from the oil and gas sector, while other products contributed around US$3bn, according to Chinese officials on Tuesday.
Eng Samih Sawiris, chairman, Orascom Development Holding (ODH), the majority shareholder in Muriya Tourism Development, has announced his intention to acquire stakes in two leading German tour operators, Raiffeisen Touristik Group GmbH (RT) and FTI Touristik GmbH (FTI).
The general index of the Muscat Securities Market (MSM) closed at 7,097.54 points on Tuesday, marginally up by 0.01 per cent compared with the closing on Monday, mainly supported by Omani institutional investors.