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BUSINESS NEWS

Oman keen on investing in Cyprus: Report

Muscat - 

Oman has shown interest to invest in Cyprus, especially in the field of research and exploitation of natural gas, the Cyprus News Agency reported on Tuesday.

Renaissance awards Duqm PAC contracts

Renaissance awards Duqm PAC contracts
Muscat - 

Renaissance Services has awarded the two main construction packages for the Duqm permanent accommodation for contractors (PAC) project to S&T and Al Hajiry.

OIF to acquire Al Anwar’s 33.6% stake in Taageer

OIF to acquire Al Anwar’s 33.6% stake in Taageer
Muscat - 

Oman Investment Fund (OIF) will acquire Al Anwar Holdings’ entire 33.63 per cent stake in Taageer Finance Co.

Consultancy deals signed for Ibri Logistics Area project

Consultancy deals signed for Ibri Logistics Area project
Muscat - 

The Public Establishment for Industrial Estates (PEIE) on Tuesday signed consultancy agreements with an Italian engineering consultancy firm, F&M Ingegneria Spa, for the Ibri Logistics Area project, which is set to be a milestone for economic development in Dhahirah governorate.

Hasan Juma Backer bags RO19.8mn Sohar contract

Hasan Juma Backer bags RO19.8mn Sohar contract
Muscat - 

Hasan Juma Backer Trading and Contracting Co (HJB) has been awarded a RO19.8mn infrastructure- development contract, part of the phase-seven expansion of the Sohar Industrial Estate, by the Public Establishment for Industrial Estates (PEIE).

Govt ‘to cease’ negotiations with PSC over Barka dry port

Govt ‘to cease’ negotiations with PSC over Barka dry port

Muscat - 

Port Services Corporation (PSC) on Monday said the government has decided to cease negotiations with it on the proposed MoU regarding management and operation of the dry port at the upcoming South Batinah logistics hub in Barka.

Doha Bank acquires HSBC Oman’s India operations

Muscat - 

Doha Bank will acquire HSBC Bank Oman’s operations in India as the Qatari lender expands in Asia to counter diminishing margins at home. 

Benchmark index consolidates further

Muscat - 

The benchmark MSM30 index consolidated further on Monday, inching up 0.07 per cent to 7,463.26. Out of the 50 stocks traded, 16 gained and nine declined. 

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