April 27, 2015   English | عربي
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April 27, 2015
The annual IT, telecom and technology show, Comex 2015, begins on Monday and will be on up to May 1.

The exhibition supported by the Information Technology Authority will be opened at the Oman International Exhibition Centre under the auspices of Minister of Oil and Gas HE Mohammed Bin Hamad Al Rumhy and attended by officials from the government and the private sectors.

This year, 34 government entities are participating in the exhibition, besides 150 business companies.

The exhibition will have three sections, e.oman pavilion where government entities will showcase...
April 23, 2015
Looking to empower its business customers with new and competitive deals, Ooredoo has planned a unique experience for its visitors at its two-storey stand at COMEX 2015. Providing a full display of its business solutions, the company is also set to launch the Ooredoo Business Club, an exclusive loyalty programme to give business customers some inspiring discounts and offers. There will also be a range of Shahry Business Packs available with complimentary add-ons, including WiFi routers and special numbers.

“Our latest packages have been designed to provide businesses with a full...

Cyprus keen to boost bilateral trade, woos Omani investors
April 27, 2015
Cyprus is located at the crossroads of three continents and could be a potentially ideal place for Omani investors as it offers a wide range of incentives, including the lowest corporate tax rate in the European Union, says the country's ambassador to the Sultanate.

Since its accession to the EU in 2004, Cyprus' economy has undergone significant economic and structural reforms that have transformed its economic landscape and now, Ambassador Costas A. Papademas believes that the time is ripe for further economic cooperation"...
Oman's share index ends lower
April 27, 2015
MSM30 Index ended lower at 6,346.62 points, down by 0.21 per cent. The MSM Sharia Index closed at 967.30 points, up by 0.10 per cent. Bank Muscat was the most active in terms of volume as well as turnover. Sunday's top gainer was Renaissance Services, up by 2.13 per cent while Gulf Investment Services, down by 5.19 per cent, was the top loser for the day.

A total number of 570 trades were executed during the day's trading session generating turnover of OMR3.43 million with more than 9.85 million shares changing hands. Out of"...
OPWP to hire adviser to draft spot market rules
April 27, 2015
Oman Power and Water Procurement Company (OPWP) is looking to appoint a consultant to draft market rules for spot market pricing system for power in the Sultanate. The power procurement company has invited bids for appointing an adviser.

As per the tender details, the consultant should develop detailed market rules consistent with international best practice and the specific requirements of the Sultanate.

Earlier, the company had appointed John Mather as a project manager. Mather is a specialist in the design and operation of wholesale electricity markets in the UK and...

Low IT security spend in region leaves businesses open to cyber attacks
April 27, 2015
Middle East businesses are spending less than one per cent of their overall IT budgets on security while globally, businesses and government entities are investing heavily on security. This is a cause of big worry for regional companies, says an IT security expert.

"There's a significant urgency in the borderless enterprise model, where IT departments don't always control the entire delivery path, but are expected to fix if something goes wrong. Therefore, it's important that IT and the business work together to establish a"...
Oman Insurance Company unveils new brand identity
April 27, 2015
A new corporate identity with a new tagline 'Forward together' was launched by Oman Insurance Company (OIC) to further strengthen its leadership role in the Gulf Cooperation Council (GCC) insurance industry.

"The release of the new brand identity marks a significant milestone for our company" said Patrick Choffel, CEO, "as it clearly illustrates our vision and ambition for the future. This new visual identity presents a sense of individuality that sets OIC apart from its competition. It also highlights our focus on customer"...
Renewables research project gets approval
April 27, 2015
The board of The Research Council (TRC) has approved its strategic renewable energy research programme and also announce its approval for a research programme on chronic non-communicable diseases.

The second board meeting of the year, chaired by TRC Chairman HH Sayyid Shihab Bin Tariq Al Said, who is also the Adviser to His Majesty the Sultan, approved the final document for the strategic Renewable Energy Research Programme for supporting and developing research to aid the process of sustainable development in the Sultanate.

The programme will promote the use of efficient,...
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