The recent fluctuations in oil prices are unlikely to have a major impact on GCC sovereigns' creditworthiness.
Port of Salalah achieved strong volume growth at both its container and general cargo terminals during the first half of 2016, despite stiff competition in the global transshipment market.
The Oman Global Logistics Group (OGL) will implement the sultanate's 2040 Logistics Strategy, that was approved last year. This was announced by company officials at a press conference on Wednesday.
Oman’s benchmark index inched up 0.07 per cent to close Wednesday’s trading session at 5,853.29.
Chennai, India-based Shriram EPC, through its wholly-owned subsidiary Shriram EPC FZE, Sharjah, has been awarded a US$230mn contract by Oman’s Moon Iron & Steel Co SAOC.
Omagine LLC, which plans to develop a US$2.5bn beachfront tourism and real-estate project in Muscat, is likely to hire an Omani bank as its financial advisor, that would also provide debt financing for phase one of the project.
Oman's hospitality market is expected to grow at a compounded annual growth rate (CAGR) of 6.2 per cent from 2015 to reach US$1bn in 2020, according to a report published on Tuesday by Alpen Capital.
Oman’s benchmark index fell 0.42 per cent to close Tuesday’s session at 5,849.42.