With the aspiration of getting familiarised with the investment climate in Oman, an Indian business delegation on Wednesday visited the Public Establishment for Industrial Estates (PEIE).
Oman Air announced the appointment of Ghaith Mohammed al Darmaki as the new senior vice president of its IT department. Darmaki joins Oman Air at a vital time of network and fleet expansion.
Following its successful investor roadshow held in Muscat, Dhofar Generating Company (DGC) held a meeting with investors from Dhofar region in Salalah on Sunday.
The electricity spot market in Oman could become a reality next year as the Oman Power and Water Procurement Co (OPWP) is working towards launching a pilot project in 2019.
Oman Technology Fund (OTF), a government-owned fund launched two years ago with a kitty of US$200mn for investing in upcoming technology firms across the world, plans to invest more money in coming years in collaboration with Indian companies, according to H E Dr Ali bin Masoud bin Ali al Sunaidy, Minister of Commerce and Industry.
Omani businessmen met with their Indian counterparts at the Oman Chamber of Commerce and Industry (OCCI) on Tuesday. The two sides explored means of enhancing cooperation between them on various economic, tourist and investment fields.
Bank Muscat posted a net profit of RO89.7mn for the six months period ended June 30, 2018 compared to RO84.31mn net profit reported during the same period of 2017, an increase of 6.4 per cent.
Total bank credit to Oman’s private sector rose six per cent to RO21.5bn as of the end of April 2018 compared to a year ago period.
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