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Oman’s National Gas Company terminates CEO

Oman trying to reduce US-Iran tensions – foreign ministry

Oman maintains friendly ties with both the United States and Iran

Oman’s National Gas Company terminates CEO

Oman hires banks for bond issue, deal could raise $2bn

The government has been preparing the debt sale for quite some time

Oman’s foreign minister visits Tehran, talks on regional issues

His visit came amidst rising tensions between Iran and the United States and its Gulf allies

Vodafone selected as Oman’s third mobile operator

Vodafone, which is yet to obtain an operating licence, will compete with Omantel and Ooredoo

Goal of June OPEC meeting to extend output cuts – Oman energy minister

The price of $70 per barrel is an appropriate price for producers and consumers, he said

Oman readies US dollar bond sale – sources

The government previously said it plans to cover 86 per cent of this year’s expected budget deficit through local and foreign borrowing

Oman’s SalamAir eyes profit as Boeing MAX grounding hampers rivals

Oman Air has grounded five MAX jets, and flydubai in the UAE has grounded 14, forcing the cancellation of dozens of flights.

Oman Aviation seeks up to $6bn to finance airline, airport expansion

The group includes Oman Air, Oman Airports and Oman Aviation Services

Oman ‘jails 70 people’ for stealing public funds

Local media reports that 40 expats and 30 Omanis were accused of crimes related to the the Sultanate’s public fund

Renault alerts prosecutors to Oman dealer payments under Ghosn

Ghosn was arrested in Japan in November for suspected financial misconduct at Renault’s alliance partner Nissan

Omani oil minister sees prices staying in $65-$75 range until year-end

Mohammed bin Hamad Al Rumhy also said Oman remained committed to the OPEC+ agreement

Oman oil minister ‘excited’ to be part of Sri Lanka oil refinery project

Oman’s involvement in the planned $3.85bn oil refinery has been unclear, with Sri Lanka saying the Sultanate is interested in taking a 30 per cent stake, while Oman has not confirmed its intentions

Kuwait-Saudi consortium wins $400m Oman solar power station bid

The project includes the construction, ownership, and operation of a 500 MW independent power project

Oman suspends Boeing 737 MAX flights after crash

State-owned Oman Air operates five 737 MAX 8 aircraft

Oman says 25 investors interested in two power assets

Government holding company Nama Group plans to sell a 70 per cent stake in Muscat Electricity Distribution and 49 per cent of Oman Electricity Transmission

Oman’s National Gas Company terminates CEO

Moody’s downgrades Oman to junk, outlook negative

Fitch and S&P had both downgraded Oman to junk earlier

UAE, Kuwait, Oman could co-host expanded Qatar 2022 World Cup if rift resolved

FIFA is expected to decide next month whether it will expand the World Cup in Qatar from 32 to 48 teams

IMF sees no credit crunch in Oman, advises speedy fiscal reforms

Rating agencies Fitch and S&P both class Oman’s bonds as ‘junk’

Two people die of MERS in Oman

Oman’s health ministry announced last week that five new cases of MERS had been detected in the country

Oman Aviation seeks adviser for multi-billion financing – sources

Oman increasingly relies on borrowing to offset a widening budget deficit caused by a slump in oil prices

Oman’s new dairy company Mazoon set to begin operations this year as cows arrive

Production is slated to begin in Q2 with plans to produce over 200 million litres of milk annually by 2026

Siemens awarded its biggest contract in Oman for power and water project

The contract, valued at $229m, is for a project in Oman’s Duqm Special Economic Zone

UAE’s Majid Al Futtaim opens $117m City Centre Suhar in Oman

The mall, Majid Al Futtaim’s fourth in Oman, features 129 retail outlets

Oman’s expat workforce reduces by 60,800 after visa ban policy

More than 64,000 jobs have been created for Omanis in the private sector in the last one year

UAE and Oman to be ‘fastest growing economies in GCC’ – report

A report by the IIF predicts real GDP growth of 3.1 per cent for both countries in 2019

Oman to boost spending modestly in 2019 budget

Spending is projected at OMR12.9bn, up from OMR12.5bn in the original budget for 2018

New $117m City Centre Suhar in Oman to open in Jan 2019

The mall will have more than 120 stores, a nine-screen VOX Cinemas and a Carrefour store

Masdar instals first turbine at Oman’s Dhofar Wind Farm

The 13-turbine project is set to be the Gulf region’s first large-scale commercial wind farm

Oman’s National Gas Company terminates CEO

Oman to hike nationalisation quotas in the industrial, tourism sectors for 2019

Oman is cracking down on the employment of expats in several sectors

Fitch downgrades Oman’s debt to junk status

A recent surge in the country’s government bond yields has made it the weakest debt market link among Gulf oil exporters