Abu Dhabi’s renewable energy company Masdar signed an engineering, procurement and construction (EPC) contract with a global consortium comprising GE and Spain’s TSK to build the Dhofar wind power project, the first large-scale wind farm in Oman and the GCC region.
Shares of Al Ahlia Insurance, rose 6 per cent on its Muscat Securities Market on the first day of trade on Thursday, benefiting from the good response from investors, both retailers as well as institutional, in a day when the benchmark index fell over 23 points.
Total subsidy provided by Oman’s government for water increased nearly three per cent to RO185.72mn in 2016 compared to RO180.66mn in the previous year, according to the Public Authority for Electricity and Water (PAEW).
Oman Telecommunications Co’s (Omantel) acquisition of a minority stake in Kuwait-based Mobile Telecommunications Co (Zain Group) is credit positive because it will help the company to lower operating costs through synergies, Moody’s Investors Service said on Tuesday.
Kuwait Airways announced the appointment of Meshal al Dalak as their new regional director for Gulf and Arabian Peninsula.
As part of its belief in supporting the local community through various CSR initiatives, BankDhofar launched its environmental initiative ‘Go Green’ with BankDhofar.
Omani businessman Qais al Khonji has been named among the top ten most talented entrepreneurs in the GCC region by Gulf Business magazine.
The Central Bank of Oman (CBO) has given in-principle approval for the proposed merger between National Finance Co and Oman Orix Leasing Co, both companies announced on Monday.