Muscat: Oman’s central bank raised OMR10 million by way of allotting treasury bills on Tuesday.

The treasury bills are for a maturity period of 91 days, from Wednesday until May 20, 2020.

The average accepted price reached 99.570 for every OMR100, and the minimum accepted price arrived at 99.570 per OMR100. Whereas the average discount rate and the average yield reached 1.72473 per cent and 1.73217 per cent, respectively.

The interest rate on the Repo operations with CBO is 2.147"...

MUSCAT: Bank Muscat, the leading financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to partnership in promoting a strong savings culture in Oman, conducted the special End-of-Year Al Mazyona savings prize draw for its 2019 scheme earlier in January. The draw was held at the bank’s head office in the presence of customers and senior bank officials including Sulaiman Hamed al Harthi, Group Chief Personal Banking Officer.
The draw saw 54"...

Dubai Electricity and Water Authority (DEWA) has achieved a new world record in electricity Customer Minutes Lost (CML) per year. DEWA recorded 1.86 minutes, in Dubai, compared to around 15 minutes recorded by leading electricity companies in the European Union. This is a new addition to DEWA’s record of international achievements in electricity and water services.

“At DEWA, we work according to the vision and directives of our leadership"...

The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank with a mandate to support infrastructure development in the Asia-Pacific region, has revealed that it is studying a request for around $60 million in funding support from the developers of Oman’s first utility-scale solar PV project.
Shams Ad-Dhahira Generating Company SAOC, a consortium led by International Company for Water and Power Projects (ACWA Power), has been awarded a license to finance, develop and operate a 500 MW greenfield"...

National Bank of Oman (NBO) has signed a credit facility agreement with Duqm Material Market SAOG to carry out the first phase of a strategic industrial project. The 72,000 sqm development is part of the Sino-Oman project, a first-of-its-kind building material market with workshops and warehouse facilities in Duqm. Jointly established by Oman Wanfang LLC, Al Thabat Holding LLC and Oman Company for the Development of Special Economic Zone at Duqm SAOC (Tatweer), the project is expected to be completed within 12 months....

Muscat: National Bank of Oman (NBO) has signed a credit facility agreement with Duqm Material Market to carry out the first phase of a strategic industrial project.

The 72,000 sqm development is part of the Sino-Oman project, a first-of-its-kind building material market with workshops and warehouse facilities in Duqm. Jointly established by Oman Wanfang, Al Thabat Holding and Oman Company for the Development of Special Economic Zone at Al Duqm (Tatweer), the project is expected to be completed within 12 months....

Khalifa University of Science and Technology, organizers of the Mohamed Bin Zayed International Robotics Challenge, announced a total of 30 teams will be competing for honors at MBZIRC 2020, the second edition of US$5-million biennial competition to be held from 23-25 February in Abu Dhabi, UAE, in parallel with the 4th edition of Unmanned System Exhibition (UMEX) and Simulation & Training Exhibition and Conference (SIMTEX) 2020.

Around 500"...

MUSCAT: Bank Muscat, the leading financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ has reinforced corporate banking services with a number of digital and technology initiatives.
As part of its efforts to enhance convenience and add value to services offered to the government, large corporates and SMEs, the bank has four exclusive corporate banking branches located at major business hubs in the Sultanate.
The corporate banking branches are as follows:"...

(AETOS Wire)-- Arthur D. Little (ADL) has published its annual telecoms study, which highlights the need for greater reconfiguration in the global telecoms industry. Backed by client conversations, a global survey and interviews targeting investors, board members and senior executives of telecom operators, the study has revealed that inorganic growth options are a viable tool for operators to survive in the challenging telecoms market, with more than 90 percent of respondents agreeing."...