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BUSINESS NEWS

Ultra books £47mn provision on Oman airport contract loss

Ultra books £47mn provision on Oman airport contract loss
Muscat - 

Ultra Electronics Holdings, a British company serving the defence, security, transport and energy industries, on Wednesday said that an exceptional provision of £47mn will be recognised in respect of its terminated Oman airport IT contract.

NBO bags ‘Oman Asset Manager of Year’ award

NBO bags ‘Oman Asset Manager of Year’ award
Muscat - 

National Bank of Oman was recently named 'Oman Asset Manager of the Year' at the MENA Fund Manager Performance Awards 2015.

Shapoorji Pallonji JV awarded RO85mn contract for OCEC package 3

An artist’s impression of the aerial view of the Oman Convention and Exhibition Centre (Source: Omran)
Muscat - 

The construction contract for package 3 of Oman Convention and Exhibition Centre (OCEC) project has been awarded to a joint venture (JV) between Shapoorji Pallonji Mideast LLC (SPML) and Oman Shapoorji Company LLC for RO85mn by Oman Tourism Development Co (Omran) recently, according to a top Omran official.

CBO first among GCC central banks to obtain ISO 9001:2008

Muscat - 

Central Bank of Oman (CBO) has emerged as the first among GCC central banks to obtain ISO 9001:2008 certification for currency management services.

CMA hosts 34th IOSCO regional committee meeting

Muscat - 

The Capital Market Authority (CMA) is hosting the 34th meeting of the African and Middle East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO) at Shangrila Barr al Jissah in Muscat.

No emergency meeting from OPEC

Muscat - 

OPEC has no plans to hold an emergency meeting amid falling oil prices, according to a delegate from the group. 

MSM30 declines 0.3% on selling by foreign institutions

Muscat - 

The MSM30 index closed 0.31 per cent lower at 6,599.15 points on Tuesday due to selling pressure from foreign institutions. However, Omani and GCC institutions were net buyers on Tuesday.

OETC organises workshop on electricity network regulations

Muscat - 

Oman Electricity Transmission Company (OETC) -Part of Nama Group - recently organised a workshop to discuss networking regulations related to the electricity sector. 

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