Results were boosted by the $38.8 million payout from insurers after the bank was the victim of a major cyber fraud case.
Over 20 government officials and private executives from Oman’s oil industry are accused of offering or accepting bribes in exchange for contracts.
The Muscat governorate recorded the highest average household income of $3,789 per month.
The Dubai index is developing a negative 14-week momentum divergence.
The government plans to borrow half of that amount overseas from commercial banks and “strategic partners”.
Spending this year is projected at $35.1 billion, up five per cent from the original expenditure plan in the 2013 budget.
Oman was unusually assertive in opposing a Saudi plan for Gulf Arab states to close ranks against Iran.
The mall, set to become the largest shopping destination in the Sultanate, will house 350 stores.
A merger between the two lenders will create the second-largest bank in Oman with assets of about $10 billion.
The charges, mostly involving infrastructure projects, were outlined in six trials that opened on Sunday.
The Khazzan gas project aims to extract around one billion cubic feet (bcf) per day of gas from deep under central Oman.
Oman, Dubai and Abu Dhabi are each investing in building additional cruise terminals.
The exploration program is expected to begin with seabed coring in 2014.
The document is issued immediately via a secure website and can be obtained online from anywhere in the world.
Abu Dhabi’s Mubadala Development Co, Qatar Petroleum and Oman Oil Co have formed a consortium.
Luxury operator’s first Muscat property will provide resort competition to Shangri-La
The lender lost $39 million in a global pre-paid card fraud.
Government spending has been rising rapidly since 2011, when street protests demanding jobs prompted authorities to boost welfare handouts.
The three-year contract includes engineering, procurement, construction, start-up and commissioning services at a refinery in Sohar.
The proposed tax would hit about 1.5 million migrant workers, most from south and southeast Asia.
The five men and one woman, all residents of New York City, were accused of being members of an unnamed global cybercrime organisation
A royal order to standardise salaries and grades across the public sector is projected to cost OMR800-900 million.
Omantel reported a net profit of 29.1 million rials in the three months to September 30, up from 28 million rials in the year-earlier period.
Qatar, Saudi Arabia and the United Arab Emirates last week reported four other people who had been admitted to hospital with the disease.
Mohammed bin Hamad Al Rumhy said a signal needs to be sent to ‘the pockets of the public’.
Oman began to introduce Islamic finance last year, becoming the last of the six Gulf Cooperation Council states to do so.
The state-funded rail network would link the desert town of Buraimi, bordering the United Arab Emirates, to six major settlements in Oman.
A new case involving a 23-year-old expatriate resident has also been recorded in Qatar this week.
The five-year offering carried a coupon of 8.625 per cent
Officials have called for a collective effort from GCC countries to curb their energy subsidies.