December 1, 2015   English | عربي
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November 29, 2015

Marking its 11th award in 2015, Bank Sohar was presented with the ‘Bank of the Year for Growth – Middle East’ award by the Italy-based IAIR-Global Economy and Sustainability magazine at the IAIR Leadership Awards Ceremony held recently in UAE.

Receiving this prestigious award is a testament of the bank’s dedication towards its commitment"...

November 25, 2015

The ninth annual World Luxury Hotel Awards has recently been held in Hong Kong and City Seasons Muscat has yet again made the cut.

The Omani property has shone bright among other hospitality giants winning the title of ‘Best Family Hotel 2015’, two years in a row.

This beautiful hotel strategically located in the heart of the diplomatic area of Muscat with the picturesque backdrop of the Hagar Mountains has yet again beaten other chains to a most acclaimed international accolade. Labeled as a luxurious"......

Allied Wallet Engages BofA Merrill Lynch as its Financial Advisor
December 1, 2015

Allied Wallet, Inc. (“Allied Wallet”) announced today that it has engaged BofA Merrill Lynch to act as its financial advisor in connection with its exploration of potential strategic opportunities including a private placement or an initial public offering in 2016.


Oman plans to set up first venture capital company
December 1, 2015
Oman plans to establish its first venture capital company, which will be formed exclusively by investors from the private sector.

The announcement to form the Oman Venture Capital Company (Ethmar), which means harvesting in English, will be announced at a first-of-its-kind conference that will bring together potential investors, experts, entrepreneurs and students at a two-day event to be held on December 6 and 7 in Muscat.

Entitled,“Oman Entrepreneurship and Venture Capital Conference 2015,” the forum is a joint collaboration between the Sultanate’s Ministry of...
Oman Economic Forum to focus on Iran market
December 1, 2015
The fifth edition of the Oman Economic Forum (OEF) will focus on access to the Iranian market and attracting investments from there as also from Asian countries into the Sultanate, according to Adviser to the Ministry of Commerce HE Moshin Bin Khamis Al Balushi. The forum is being held in the backdrop of sanctions on Iran expected to be lifted soon.

The theme for the forum this time to be held from March 23 to March 24, 2016, will be ‘Oman, a bridge between Asia and the GCC’, he told mediapersons on Monday. The forum is being organised by the Ministry of Commerce and...

Bank, cement stocks knock MSM down
December 1, 2015
Massive selling pre-ssure from the side of local and foreign investors, especially in banking and cement securities, saw the stock market index falling 95.4 points on Monday. The decline was 1.69 per cent with the index closing at 5,547.85 points.

The value of traded securities reached 4.69 million rials, going up by 88.78 per cent compared to the last trading session of 2.48 million rials. Market capitalisation dropped by 0.79 per cent to reach 14.66 billion rials.

Analysts said that while it was a selling pressure that drove the market on Monday, sentiments could dampen...
BP board visit demonstrates commitment to Khazzan project
December 1, 2015

A BP board-level committee has visited BP Oman and the Khazzan field to review safety, ethics and environmental performance, demonstrating the company’s ongoing commitment to the Sultanate despite the challenges currently facing the oil and gas industry.

The SEEAC (Safety, Ethics and Environmental Assurance Committee) spent three days in Oman in November, meeting senior Omani government officials, the British ambassador, and BP Oman staff.

Commenting on the SEEAC visit, Salim Al Aufi, undersecretary of"...

Entrepreneurship forum to set up venture capital firm
December 1, 2015
Formation of the Sultanate’s first venture capital company will be announced as part of two-day entrepreneurship conference to be held here from December 6.

Potential investors, experts, entrepreneurs and students for the Oman Entrepreneurship and Venture Capital Conference 2015, an initiative of the Ministry of Commerce and Industry and Iskan Oman Investment Company will meet. It will be named the Oman Venture Capital Company (Ethmar)

The conference, organised by the ministry in collaboration Iskan, Public Authority for SME Development (Riyada) and Al Raffd Fund,...
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