July 4, 2015   English | عربي
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United Airways (BD) Ltd appoints Travel Point as their GSA in Oman
July 4, 2015
United Airways (BD) Ltd, the private scheduled airline of Bangladesh, recently appointed Travel Point LLC, Oman’s largest Travel & Hospitality Company, as their GSA (General Sales Agent) in Oman. United Airways (BD) Ltd which operates from Hazrat Shahjalal International Airport will have a frequency of 2 flights a week on Monday and Wednesday to Dhaka, effective July 8th 2015. The airline will soon be launching the operations of daily flights for the Muscat-Bangladesh sector. The airline currently offers convenient connections to Kolkata, Kanthmandu, Jeddah, Bangkok, Singapore, Kuala...
Oman’s CBO shows commitment to Islamic banking: Fitch
July 4, 2015
The central bank of Oman inaugurated its specialist department for overseeing Islamic banking on Thursday, which will build up resources and expertise and centralise all aspects of Islamic banking regulation and issuance. Effective regulation and supervision of Islamic banks achieved through a dedicated unit is positive for the sector as it should strengthen early detection of risks and support growth, says Fitch Ratings.

Oman’s financial regulators were the last amongst GCC peers to authorise the establishment of Islamic banking."...
New plant to ease water crunch in Oman
July 4, 2015
The new desalination plant in Ghubra, that has begun its trial operations on Thursday, will ease the water shortage problems, the top official of the Public Authority for Electricity and Water (PAEW), has said.

“The new Ghubra desalination plant will contribute in raising the water level at the main distribution reservoirs as well as improve water pressure and provide water to Muscat Governorate,” Mohammad Al Mahruqi, PAEW chairman, has said.

“The plant becoming operational will gradually reduce the problems of shortage of water supply,” the chairman added.


Sohar Port and Freezone supports families
July 4, 2015
Sohar Port and Freezone is continuing its commitment to supporting the local community through the distribution of hundreds of vouchers for families in need as part of the company’s Ramadan celebrations.

The first of the 375 vouchers were presented to families by H E Sheikh Said bin Humaid al Harthy, Wali of Liwa, along with Sohar Port CEO Andre Toet. A total of 375 vouchers will be hand delivered to local homes.

Tender Board awards contract for building OMR23m Quriyat pipeline project
July 4, 2015
A contract for building a water pipeline to connect the new Quriyat water desalination plant and Wadi Dhaqah has been awarded to a contracting firm. The cost of building the project is OMR22.6 million and this project is among various contracts awarded by the Tender Board on Wednesday, after the board met under the chairmanship of Dr. Rasheed bin al Safi Al Huraibi.

The total value of various projects awarded on Wednesday was OMR75.84 million.

Other major contracts included a building contract for the Ministry of Social Development in Al Irfan City in the Wilayat of Baushar in Muscat...
Bank Muscat top Omani firm on Forbes Arab World list
July 4, 2015
Bank Muscat has topped Omani companies ranked in the Forbes Top 500 Companies in the Arab World 2015. The bank was ranked 44 in the Top 500 Companies awards which celebrated the region’s corporate success.

The rankings were based on financial performance as of December 2014 and featured publicly-listed companies across Arab countries, according to a release.

AbdulRazak Ali Issa, Chief Executive, said: “Bank Muscat is immensely proud to be ranked again among the Top 500 Companies in the Arab World. The recognition endorses the bank’s unrivalled position...
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