BUSINESS NEWS

Oman to target 1mn bpd crude output after OPEC agreement expires in June

Muscat - 

Oman is building capacity in the oil sector for a quick return to 1mn-barrels-per-day production levels on expiry of the OPEC deal at the end of June this year.

Oman, Brunei market regulators ink cooperation MoU

Muscat - 

H E Abdullah al Salmi, executive president of the Capital Market Authority, and Yusof Haji Abd Rehman, managing director of the Autoriti Monetari Brunei Darussalam, signed a memorandum of understanding on January 23 for the exchange of information and mutual cooperation.

Fuel sales drop as motorists shift focus to optimising cost

Fuel sales drop as motorists shift focus to optimising cost
Muscat - 

After the constant rise in fuel demand over the past many years when prices remained steady, sale of petrol and diesel at Oman's pumps dropped significantly last year.

Oman Fisheries board approves CEO appointment

Muscat - 

The board of Oman Fisheries Co has approved the appointment of Dr Khalid al Zadjali as chief executive officer of the company, effective January 29.

CMA holds talks on new Securities Law

CMA holds talks on new Securities Law
Muscat - 

The Capital Market Authority held on Tuesday a discussion on the draft new Securities Law.

Al Hassan calls EGM next month to take 'appropriate measures' as losses mount

Al Hassan calls EGM next month to take 'appropriate measures' as losses mount

Muscat - 

Al Hassan Engineering Co has invited all shareholders to attend an extraordinary general meeting (EGM) to discuss the capital erosion and widening losses of the company.

Market value of securities on MSM rises to RO2.3bn

Muscat - 

While the market value for sukuk and other traded instruments on the Muscat Securities Market (MSM) shot up to RO2.28bn, rising RO270.8mn from a year earlier, the number of securities declined by varying degrees.

ECGA board clears budget for 2017

Muscat - 

The board of directors of Oman’s Export Credit Guarantee Agency (ECGA) approved the agency's budget for 2017.



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