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State Spending Could Spur Oman’s Tiny Bourse

Oman’s stock index rose 1.2 per cent last year and outperformed Qatar and Bahrain.

Oman To Create 20,000 Govt Jobs This Year- Minister

The government spent $780 million to create 36,000 jobs for Omanis last year.

Oman Boosts 2013 Spending To $33.5bn

Spending on education, health, housing and social welfare has been boosted by 22 per cent in this year’s budget.

Oman Awards $108.5m Airport Contract To US Firm

The sultanate is expanding the Muscat airport’s terminal building and the airfield.

Britain’s BAE Wins $4.1bn Omani Contract

Under the deal, BAE will deliver 12 Typhoon and eight Hawk aircraft to Oman’s armed forces starting in 2017.

Oman Adopts Strict Approach For Islamic Banking

The sultanate last year became the last country in the GCC to introduce Islamic finance.

Oman Investment Firm Eyes Stake Sales In Banking Arm

Ominvest also has plans to list part of Oman Arab Bank on the Muscat bourse.

Oman Secures New Subcontinent Traffic Rights

Exclusive: Oman Air announces new flights into India and Pakistan.

Oman Eyes Broader Role For Private Sector To Create Jobs, Diversify

Unemployment in the Gulf state currently stands at around 24 per cent, according to the IMF.

Atkins Wins Muscat Sports Academy Contract

A 3,000-seat outdoor tennis stadium will be a focal point, featuring a roof that illuminates at night

Revealed: Top 10 Companies In Oman

Banks form the majority of the top companies in the Gulf State.

Oman Air Expects 30% Revenue Growth In 2012

The airline generated $809 million in revenue last year and expects growth to come from higher demand.

Omani Firm Plans To Issue Country’s First Sukuk

Al Madina Real Estate says it will issue a five year $130 million Islamic bond in Q1 next year.

Omantel’s Q3 Profit Rise Limited By Costs

The Omani telecoms operator reported a net profit of $2.6 million in the third quarter of the years.

HSBC Bank Oman 9-Month Profit Drops 4.2% On Provisions

The lender made a net profit of OMR10.57 million in the first nine months of the year.

Bank Dhofar Q3 Net Profit Down

The Omani lender has missed market expectations as it posts a third-quarter profit drop compared to last year.

Choosy Omanis Add To Government’s Unemployment Headache

The government hopes to create between 200,000 and 275,000 job opportunities between 2011-2015.

Oman Growing, But Diversification Is Vital

The county is estimated to post a GDP growth rate of six per cent in 2012, according to a study by Kuwait Finance House.

Biggest Banks In Oman

Increased consumer lending and new banks will put the country on a solid footing this year.

Top Ten Salaries in Oman

PR Directors in Oman are the top earners within the media segment, taking home nearly $8K a month

Oman’s Bank Muscat $251m Rights Issue 128% Covered

The capital raised will be used to fund credit growth and the lender’s upcoming venture into Islamic finance.

Top Five Cities In The Middle East

Three UAE cities feature in the list that ranks cities on economic and social factors, labour rights and quality of life.

Bank Dhofar In H1 Profit

Oman’s lender makes $50.6 million profit for the first half of the year, a huge rise from the same period last year.

National Bank Of Oman Profit Up

The bank made a Q2 net profit of $26.8 million, up on analysts’ expectations and last year’s results.

Oman’s Oil Output Drops 4.1%

The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.

Bank Muscat Shares Declined

Oman’s largest lender has offered new shares to existing holders at a discounted price to raise over $250 million.

Bank Muscat Q2 Profit Up 19%

The Oman lender made net profit of $90.9 million in the second quarter, above analysts’ estimations.

Qatari Diar To Develop Oman

Five-star luxury resorts, marinas and a sports academy are planned for Ras Al Hadd following agreement.

Oman’s Economy Outlook Positive

Gross domestic product figures carry momentum from 2011 despite the potential woes of a global recovery.

GCC IPOs Pick Up In Q2 2012

Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.