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BUSINESS NEWS

Private deposits at commercial banks rise 14% in October

Private deposits at commercial banks rise 14% in October
Muscat - 

The total value of private deposits at commercial banks in the sultanate as of the end of October 2014 rose by 14.3 per cent to RO10.9bn compared to RO9.53bn in the corresponding period in 2013. 

IFRS to have significant impact on financial reporting: Experts

IFRS to have significant impact on financial reporting: Experts
Muscat - 

The Muscat Chapter of the Institute of Chartered Accountants of India (ICAI) held its annual seminar on International Financial Reporting Standards (IFRS) at Al Falaj on Friday. 

Omani-Saudi Investment and Trade Forum to kick off on Monday

Muscat - 

The Omani-Saudi Investment and Trade Forum will begin after-tomorrow (Monday). The two-day forum is organised by the Public Authority for Investment Promotion and Export Development (Ithraa). 

Port of Salalah welcomes first call from Evergreen

Port of Salalah welcomes first call from Evergreen
Salalah - 

Port of Salalah has welcomed the first call from Taiwan’s Evergreen Line on December 18 2014. The 8,452 Twenty feet Equivalent Units (TEUs), M.V. Ever Lively berthed and has achieved berth productivity on excess of 150 moves per hour during its 12 hour stay. 

Oman’s Islamic banking assets could reach RO5bn by 2018: Study

Oman’s Islamic banking assets could reach RO5bn by 2018: Study
Muscat - 

Islamic banking in Oman is expected to grow at double-digit rates as shariacompliant banking products increasingly gain acceptance and the government’s plans to ease restrictions come to fruition, according to a study by Thomson Reuters. 

Be’ah opens tender for integrated waste management services in South Batinah

Be’ah opens tender for integrated waste management services in South Batinah

Muscat - 

Oman Environmental Services Holding Co (be’ah) has recently opened the submitted tender envelopes for the municipal waste management operations in South Batinah. 

Bank Muscat extends baituna home finance for Badr al Hamra project

Bank Muscat extends baituna home finance for Badr al Hamra project

Muscat - 

Bank Muscat, the flagship financial services provider in the sultanate, and Badr Development company signed a memorandum of understanding (MoU) to provide attractive baituna home finance for Badr al Hamra project in Qurm. 

MSM rebounds with 1.35% gain

MSM rebounds with 1.35% gain

Muscat - 

The MSM30 index rebounded on Wednesday rising 1.35 per cent to 5,482.63 points, mainly on buying support from Omani institutions. 

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