July 16, 2019   English | عربي
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July 16, 2019

MUSCAT: Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary results for the six months ended June 30, 2019. The bank posted a net profit of RO 93.65 million for the period compared to RO 89.70 million reported during the same period in 2018, an increase of 4.4 per cent.
The key highlights of the results for the period are as follows:
1) Net Interest Income from Conventional Banking and Income from Islamic Financing stood at RO 159.02 million for the six months period ended"...

July 16, 2019

Muscat: New offers to encourage staycations across 13 hotels in Oman for people who live in the country have been introduced by Omran, the country’s national tourism development body.

Titled ‘Within Oman’, the programme aims to provide a boost to summer tourism within the country and promote domestic tourism for locals.

“The campaign invites Omani nationals to spend the summer months in the Sultanate and stay at OMRAN’s 13 hospitality assets across the country,”"...

Be’ah takes over municipal waste management services in Muscat
July 16, 2019

Oman Environmental Services Holding Company SAOC (be’ah) has begun taking over municipal waste management services in the last remaining parts of Muscat Governorate, starting from Al Amerat and covering the rest of the wilayats. The operation begins today in cooperation with Muscat Municipality, the state-owned utility said.
Be’ah has been operating in a part of Muscat, which includes Al Seeb and part of Wilayat Bausher, since August 2017. Starting from today, company is taking responsibility for municipal"...

Kiosks to provide traditional Omani food in Ittin
July 16, 2019

Muscat: Nearly 100 stalls have been set up on Salalah’s Ittin Plain to provide traditional Omani food for Khareef season visitors, Dhofar Municipality has announced.

The Municipality said in a statement online: “In line with the municipal work and services for Khareef Tourism Season in 2019, Dhofar Municipality completed the implementation of the project involving temporary food stalls project in the Ittin plain. 96 stalls were established to be available to those involved in the profession of preparing"...

Ithraa helps Omani manufacturers access international markets
July 16, 2019

Businesses from across Oman came together this week on Sohar Freezone and at the National Business Centre on Knowledge Oasis Muscat to discuss accessing new international markets.
Organised by Ithraa, Oman’s inward investment and export promotion agency, the Suhar and Muscat workshops were led by trade experts from Ithraa, Shamal Plastic Industries, and Data Mining.
The two full-day workshops focused on accessing new markets in the broadest sense of the word — through launching a new product, going to"...

Six new IWPs to boost Oman’s water capacity
July 16, 2019

As many as six new Independent Water Projects (IWP) offering in excess of 850,000 cubic metres/day of additional desalination capacity are proposed to be developed at key locations around the Sultanate over the next four years.
According to Oman Power and Water Procurement Company (OPWP), member of Nama Group, the new privately financed and developed in Muscat Governorate, North Al Batinah, Barka, Wadi Dayqah, Masirah Island and Dhofar Governorate.
Included in the list is the much anticipated project to treat and"...

Oman plans first-ever thermal solar project at Duqm
July 16, 2019

The Oman Power and Water Procurement Company (OPWP) — the sole procurer of new electricity and water capacity under the Sector Law — is contemplating the development of the nation’s first-ever Thermal Solar project to support the future energy requirements of the Special Economic Zone (SEZ) at Duqm.

The state-run utility — part of Nama Group — however noted that plans for a Thermal Solar plant will only proceed if a Clean"...

H E Marhoon inaugurates second Salalah International Islamic Finance Conference
July 16, 2019

Salalah -

The second Salalah International Islamic Finance Conference kick-started at the Crowne Plaza Hotel Salalah on Sunday. The three-day event is organised by Tawafuq Consultancy and Muscat Clearing and Depository Company.

The inauguration of the conference was held under the patronage of H E Sheikh Khalid bin Omar bin Said al Marhoon, Minister of Civil Service.

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