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Oman Reports First MERS-Coronavirus Case

A new case involving a 23-year-old expatriate resident has also been recorded in Qatar this week.

Oman’s Renaissance Unit Prices $350m Debut Bond

The five-year offering carried a coupon of 8.625 per cent

GCC Must Slash Energy Consumption – Oman Minister

Officials have called for a collective effort from GCC countries to curb their energy subsidies.

Oman’s Galfar Engineering Rights Issue 96% Subscribed

The Omani construction company raised OMR13.29 million through the issue.

Oman’s Bank Dhofar Q3 Net Profit Declines 10.8%

Oman’s second-largest bank by market value made a profit of OMR8.3 million

Oman Buys German Chemicals Maker Oxea

The deal was reportedly worth about 1.8 billion euros ($2.4 billion), according to sources.

MENA IPO Values Down 45% In Q3 2013

The region’s sole IPO in the third quarter of the year raised $138 million, lower than the $252.3 million raised in Q3 2012.

Salalah Embarks On Massive Infrastructure Development Drive

The once-sleepy port city has put itself on the map by expanding its infrastructure and cultivating thriving global companies.

Oman Cuts Interest Cap On Personal Loans To 6%

Annual growth in bank lending in Oman accelerated to a four-month high of 8.1 per cent in July.

Oman Air And Bank Muscat Launch Visa Credit Card

Co-branded card is designed to reward and enhance loyalty among frequent flyers

GCC Capital Expenditure To Rise By 8.2% In 2013

GCC states’ expenditure on rail schemes, expansion of power generation plants and housing projects is expected to boost capital expenditure in 2013.

Oman May Issue Sovereign, Islamic Bonds In 2014

Oman aims to develop its fledgling Islamic finance industry with a debut issue of sukuk by the government.

Oman To Unveil Privatisation Plans In January

The government currently owns more than 60 companies across various sectors in the country.

Omantel’s Shares Slump To 10-Week Low On Govt Stake Sale Plan

The government plans to offload a 19 per cent stake in the operator via a public subscription.

Oman-Iran Gas Pipe Unlikely Within 2 Years

Oman has been agreeing to buy gas from Iran as far back as 2005 but the two sides have never finalised terms.

Oman’s Entrepreneur Ecosystem Needs Strong Government Push

Oman’s entrepreneurs can add value to the government’s job creation efforts, if given adequate support.

Oman’s Government Sues Newspaper Over Story About Gays

Homosexuality is punishable by law in Oman.

Oman Signs MoU To Import Iranian Gas

The two nations have signed a 25-year deal valued at around $60 billion.

Oman Development Bank Considers Islamic Window

Oman became the last country in the GCC to adopt Islamic finance in December 2012.

Sembcorp Joint Venture To Launch Oman IPO On Aug 28

The $1 billion power plant will offer 33.4 million existing ordinary shares at a price of OMR1.59 per share.

Oman’s Bank Nizwa Obtains Investment Banking Licence

The lender, Oman’s first full-fledged Islamic bank, launched operations in January.

Sultan Of Oman Pardons People Jailed For 2011 Protests

According to reports, those pardoned include 14 people serving prison sentences ranging from 30 months to five years.

Bank Sohar To Consider Bank Dhofar Merger Offer

Bank Dhofar, the larger of the two lenders, said last week that it had approached Bank Sohar with regards to a merger proposal.

National Bank Of Oman Posts Flat Q2 Net Profit

Net profit for the first half of the year was 18.77 million rials compared with 19.92 million rials in the prior year period.

Oman’s Bank Dhofar Aims For Merger Talks With Bank Sohar

The new entity would have total assets worth 4.13 billion rials and a market capitalisation of around $1.76 billion.

Oman Air Opens First And Business Class Check-In

New facility provides premium passengers with a smoother start to their journeys and less waiting times

Bank Muscat Q2 Net Profit Up 8.9%

Oman’s biggest lender by market value reported a net profit of 63.1 million rials in the first half of 2013, down from the prior-year period.

Oman’s Renaissance Sells Unit To UK Interserve For $46m

The UK group bought Topaz Oil and Gas to expand its growth in the Middle East.

Oman Air Flight Diverted Due To Bomb Hoax

The flight from Muscat to Kuala Lumpur was diverted to Mumbai after the threat was received.

BP Agrees Retail Price For Oman Gas Project

BP has already spent hundreds of millions of dollars on the project since winning the concession in 2007.