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March 20, 2019
Muscat: Omantel, the first and leading provider of integrated telecommunications services in the Sultanate, will be launching its 5G services soon but it may be some time before these are available on your phone.
Talking to Times of Oman, Dr. Ali Al Hashmi, Senior Manager Network Design at Omantel said that while the network is ready to launch 5G services in the country, there are as yet no mobile phones to support it.
“We"...
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March 19, 2019
In line with the efforts undertaken by the Public Establishment for Industrial Estates (Madayn) to enhance the performance in its various industrial cities, Samayil Industrial City’s Development Committee yesterday held a meeting under the chairmanship of Dawood bin Salim al Hadabi, Director General of Samayil Industrial City, to discuss the services provided by Madayn to the companies and factories operating in the cluster.
The meeting, which was held in the presence of owners of companies and CEOs of factories,"...
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Oman Fisheries preparing to launch commercial fishing operations
March 20, 2019
Oman Fisheries Company OFC, which is partly owned by the Omani government, says it will shortly commence commercial fishing operations with the planned acquisition of an industrial fishing vessel.
The trawler, suited for pelagic fishing, is proposed to be the first in a series of vessels that will form part of the company’s commercial fishing fleet, said Mohammed bin Hamad al Masrouri, Chairman of the Board of Directors.
“Oman Fisheries has tied up with a foreign company to purchase a pre-owned (refrigerated"...
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1,200MT Oman-manufactured process cargo shipped to Kuwait
March 20, 2019
One of the largest ever orders for Omani-manufactured pressure separators, which are used in refining, petrochemical and other process industries, was successfully shipped to a customer in Kuwait.
Weighing a mammoth 1,200 metric tonnes, the shipment was transported from the workshop of Special Technical Services (STS) in Nizwa, where it was manufactured, to Port of Duqm and subsequently loaded on to chartered ships destined for Kuwait. Separators are pressure vessels used for separating an oil well stream into gaseous"...
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OBA holds AGM
March 20, 2019
MUSCAT: Oman Banks Association (OBA) held its Annual General Meeting (AGM) on March 17, 2019 at Bank Muscat’s Head Office. Board of Directors of the Oman Banks Association, chaired by Shaikh Waleed al Hashar attended the Annual General Meeting, along with a number executives of banks operating in the Sultanate.
At the meeting, the Oman Banks Association presented to its members 2018 achievements, 2019 plan, 2018 audited financial statements, 2019 budget, and the appointment of external auditors, along with their"...
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Meethaq ‘Little Investor’ reaches students in Buraimi, Dhahirah and Dakhiliyah
March 20, 2019
MUSCAT: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, marked a milestone reaching over 700 school students targetted for financial literacy training as part of its ‘Little Investor’ programme in Buraimi, Dhahirah and Dakhiliyah governorates.
Launched in association with the Ministry of Education and Injaz Oman, the ‘Little Investor’ programme, aimed at developing a healthy savings habit and entrepreneurial skills from an early age, trained over 10,500 students across the Sultanate"...
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Microsoft to boost Oman’s technology skill base
March 20, 2019
Muscat: Microsoft on Tuesday deepened its commitment to supporting Oman’s economic vision, by using the second day of Comex 2019 to sign memorandums of understanding (MoUs) with two organisations dedicated to strengthening the Sultanate’s technology skill base and entrepreneurial spirit.
“Microsoft has long been committed to helping enterprises fulfil Oman’s economic vision,” said Sheikh Saif Hilal Al Hosni,"...
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FDI in Oman’s power sector tops $10bn
March 20, 2019
Total Foreign Direct Investment (FDI) in Oman’s electricity generation and water desalination sector has soared to around $10 billion to date, underscoring the robust appeal of this key industry to international investors and utilities, according to a key official.
Yaqoob al Kiyumi, CEO of Oman Power and Water Procurement Company (OPWP) — the sole offtaker of electricity and water under the Sector law — said the sector is also making a significant contribution to national development and economic growth....
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