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Oman’s Islamic Deposits Surge, Adding Pressure On Liquidity Tools

Combined customer deposits at the two full-fledged Islamic banks and Bank Muscat almost tripled in the year to March.

Oman Telecom Regulator Fines Omantel $13m, Firm To Appeal

The fine was imposed because of a nine-hour service interruption last year.

Ooredoo Oman Q1 Net Profit Rises 22%

The company had 2.72 million mobile and fixed line subscribers as of March 31, up 12 per cent from a year earlier.

National Bank Of Oman Q1 Profit Rises 23%, Meets Estimates

The lender made a net profit of OMR12.6 million in the three months to March 31.

Oman Cement Q1 Net Profit Rises 3.7%, Beats Forecasts

The company made a net profit of OMR3.83 million ($9.95 million) in the first quarter of 2015.

Oman’s Bank Muscat Posts 8.9% Rise In Q1 Profit, Beats Forecasts

The bank made a profit of OMR43.3 million ($112.5 million) in the first quarter of 2015.

Oman’s PDO Says To Increase Oil Output 5% In Four Years

State-controlled Petroleum Development Oman plans to invest over $40 billion in its projects by 2019.

Total Pulls Out Of Oman Offshore Exploration Block

The French oil company failed to make commercially attractive discoveries in the block.

Obama Calls Oman Leader To Discuss Iran Nuclear Deal

Obama also reiterated the U.S. commitment to address “Iran’s destabilising activities in the region.”

Oman’s Bank Dhofar Sets Price, Ratio For OMR45m Rights Issue

The lender received shareholder approval for the offering on March 30.

Oman Gives Gulf’s Warmest Welcome To Iran Framework Deal

Oman was a key intermediary when Tehran and Washington launched secret talks on a possible nuclear deal in 2013.

HSBC Bank Oman Completes Sale Of India Assets To Doha Bank

Shareholders of Doha Bank, Qatar’s fifth-largest lender by assets, approved the purchase in December 2014.

Oman’s Bank Dhofar Gains Board Approval For $117m Rights Issue

The rights issue would be in addition to the planned Tier 1 bond of $300 million.

Oman Air Says Orders 20 Boeing 737s; To Double Fleet By 2020

The airline plans to use these aircraft to grow its domestic network, and key regional markets like the Gulf and India.

Oman Sultan Returns In “Complete Health” After Treatment In Germany

Qaboos, 74, has been absolute ruler of Oman since 1970, but his absence in Germany since July had led to growing concern about his health.

Saudi’s ACWA, Mitsui Win $630m Oman Power Plant Deal

The contract was won along with Dhofar International Development and Investment Holding Co.

Omantel Gets Shareholder Assent For $130m Sukuk Issue

Omantel did not give any timing for the issue in the bourse filing.

Oman’s Bank Muscat Shareholders Approve $1.3bn Sukuk Programme

The plan comprises issuance in domestic and international markets through public subscription or private placement, a bourse statement said.

Oman Air Flight Tyres Burst Upon Landing In Delhi

No injuries were reported as a result of the accident, the airline said in a statement.

Oman Bourse May See Two Initial Share Sales Before Summer

The listing of family-owned businesses has been a key aim of bourses across the Gulf region, including Oman.

Oman’s Bank Dhofar Cuts Proposed Cash Dividend On Central Bank Advice

The bank did not explain the reasoning behind the recommendation, but said it would increase its bonus share issue to 15 per cent from 10 per cent.

Oman, Brunei Sovereign Funds Partner In Aircraft Leasing

Oman Brunei Aviation Leasing Co will invest in and manage the purchase and lease of commercial aircraft operated by airlines in the Middle East and globally.

Omantel Seeks Approval For Debut Islamic Bond

Until now there has been only one issuer of sukuk in Oman, a OMR50 million private placement from Tilal Development Co.

Oman Jails Rights Activist Who Wrote Letter To Obama

Said Jadad found guilty of “undermining the prestige of the state”, was fined and sentenced to three years in jail.

Oman’s Bank Sohar Cuts Proposed Cash Dividend On Central Bank Advice

The lender said it had revised its proposed cash payout to four per cent from six per cent.

Oman’s PDO Ups Crude Output Above 2015 Plans

PDO’s production in January and February exceeded the planned average for the year as a whole.

Oman To Issue First Sovereign Sukuk By Mid-2015 – Central Bank Chief

The Islamic bond will help finance a budget deficit caused by the plunge of oil prices, Hamood Sangour al-Zadjali said.

Oman’s Stock Exchange Reports Technical Issue

It did not say when it expected to fix the problem, stating that efforts were in progress to rectify it as soon as possible.

Oman’s Bank Dhofar Gets Shareholder Assent For Capital Plans

Should Bank Dhofar sell a Tier 1 bond, it would be the first such issue by an Omani bank.

Oman’s Bank Nizwa Aims For 2015 Merger With United Finance Co

The potential deal is the latest sign of consolidation after the start of merger talks in 2013 between Bank Dhofar and Bank Sohar.