Under the agreement the company will explore for oil and natural gas in Blocks 39 and 67.
Three more hotels are due to open on site, a five-star property, another four-star hotel and a three-star hotel and apartments.
The Omani bank lost a court case in June 2011 against Oman International Bank, Ali Redha Trading and Muttrah Holding.
Despite attracting more than $2.5 billion of demand so far the size of the bond will not be increased.
Workers are demanding better safety conditions after a worker died in an accident on Monday.
The meetings will start in Riyadh before going to Singapore, Hong Kong, the United Arab Emirates, Switzerland and London.
Omani gas production has risen sharply over the last decade and the country remains a net gas exporter.
Average oil production in the country was at 884,900 bpd in 2011.
The increase was due to new discoveries in three different oil fields as an average of 918,000 bpd were produced.
As its oil reserves dwindle, is Oman’s focus on diversification and privatisation enough to keep the economy ticking?
The refinery is expected to restart around April 15.
The asset sale is part of the Dubai Group’s $6 billion restructuring process, said officials.
The lender said 12 prepaid travel cards were compromised outside of Oman.
There are now 18 banks in the sultanate after last year’s merger between the local business of HSBC Holdings and Oman International Bank.
International Finance Corp is to buy into the lender with a 5.28 per cent private share placement.
The surplus is equivalent to 12 per cent of the sultanate’s 2011 GDP.
A Pakistan International Airlines plane crash-landed on a runway at Muscat International Airport.
The Pakistan International Airlines plane had 70 people on board but no injuries were reported.
Oman will again spend heavily in 2013 on job creation and infrastructure projects.
Expatriate numbers are to be reduced from 39 per cent of Oman’s population to 33 per cent.
Sultan Qaboos bin Said has revived a custom of travelling on month-long tours around Oman, holding “consultation sessions” with local people.
The expansion comes after the Sultanate signed MoUs with India and Pakistan to boost air services last November
HSBC Bank Oman, formed by a merger of HSBC’s Oman unit and Oman International Bank, made a net profit of OMR5.8 million in 2012.
The government-funded project will cover five million square metres and will be built in the Batnah region.
The firm reported a Q4 net profit of 10.3 million rials, down from 11.9 million in 2011.
Full-year 2012 profits stood at OMR40.7 million, up 19 per cent compared to 2011.
The Council of Ministers wants to identify the type of businesses that Omanis should be encouraged to set up.
The Gulf state aims to merge eight state-run pension funds to improve efficiency.
Oman’s economy and its banking sector are performing well.
Oman’s stock index rose 1.2 per cent last year and outperformed Qatar and Bahrain.
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