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Oman Bank Dhofar Proposes 10% Cash, 10% Bonus Share Dividend

The bank’s proposed 2014 dividend is equivalent to $0.03 per share in cash and one free share for every 10 a shareholder owns.

Oman’s EHC Picks Advisors For Muscat Power Firm Privatisation

The consortium, led by Canada-based CPCS Transcom International Limited, will start the study this month.

Oman’s ORPIC Began 29-Day Maintenance On Sohar Refinery On Sunday

The maintenance is not expected to have any effect on the local market, ORPIC’s CEO said.

Ultra Electronics Says Oman Airport IT Contract Terminated

The contract was worth about 207 million pounds when won in 2011.

Oman’s Bank Dhofar Mulls Options For Up To $300m Capital Raising

A Tier 1 capital-boosting bond was its preferred method, the bank said.

Oman Oil Minister Slams OPEC Policy On Prices, Market Share

The minister said that OPEC’s policy might temporarily force high-cost producers out of the market but they would eventually come back.

Oman Oil Minister: 2015 Crude Oil Output Expected To Rise About 20,000 bpd

Lower oil prices are not affecting Oman’s upstream strategy, and there is no change in its 2015 energy plans, the minister said.

Bank Muscat Q4 Profit Drops In Absence Of Insurance Payout

Bank Muscat made a profit of OMR36.5 million ($94.8 million) in the last quarter of 2014.

Oman Cement Q4 Net Profit Drops 35.8%, Trailing Forecasts

The firm made a net profit of OMR1.7 million ($4.4 million) in the last quarter of 2014.

Stock News: Gulf Markets Rise After Oil Rebounds

Wednesday’s 4.5 per cent surge in Brent crude futures was the biggest percentage gain since June 2012.

Oman’s Bank Dhofar Q4 Net Profit Up 9.2%, Beats Estimates

Net profit for the full year was down 30.6 per cent year-on-year to OMR40.5 million.

Bank Muscat Q4 Net Profit Drops 26.6%, Misses Forecasts

Net profit in 2014 was OMR163.2 million, up 7.3 per cent from the previous year.

National Bank Of Oman Q4 Net Profit Rises 29%

The lender made a net profit of OMR13.2 million ($34.3 million) in the fourth quarter of 2014.

Oman May Privatise Part Of Refiner ORPIC – Minister

ORPIC runs oil refineries at Sohar and Muscat as well as aromatics and polypropylene production plants at Sohar.

Oman Has No Plans To Cut Spending As Oil Slides -Minister

The minister said on Wednesday that the Oman’s budget assumed oil prices would average $75 per barrel this year.

Oman Air Launches Efficiency Plan To Slash Costs

The new plan aims to reduce the total expenditure of the airline by more than OMR100 million over the next three years.

Oman 2015 Budget Raises State Spending At Expense Of Big Deficit

Government expenditure this year is estimated at OMR14.1 billion ($36.6 billion), up 4.5 per cent from last year’s original plan, the ministry said.

Oman Postpones 2015 State Budget Announcement

A news conference on the budget was scheduled to be held at 10 a.m. local time.

Oman’s State Council Rejects Proposal To Tax Expat Remittances

The council said that such a tax would have a negative impact on the country’s investment prospects.

Bank Muscat Sells Oman Brokerage Business To Gulf Baader

The decision to sell the business was due to the bank’s review of “strategic alternatives and operational priorities”, a statement said.

Oman To Announce 2015 State Budget On Thursday

Oman has been considering a range of spending cuts and tax rises, including a levy on the remittances of foreign workers.

Expat Residents Should Be Allowed Visa-Free Travel Across GCC – Official

The move will boost the GCC’s tourism industry, helping sectors such as aviation and hospitality.

Oman Sovereign Fund Boosts Buying Of Local Stocks

The organisation’s executive president said that the fund has been investing heavily in Muscat Securities Market, taking advantage of the fall in prices.

Sultan’s Absence Raises Worries Over Oman Succession

Analysts fear that any power struggle after the sultan’s death within his Al-Said family – or between the royal family and army leaders – could rattle the country.

Oman’s Mina Al Fahal Refinery To Resume Operating On Dec. 18

ORPIC had said on Dec. 5 that it had put out a fire at one of the naphtha treatment units at the refinery in Muscat.

Exclusive: Ooredoo Oman CEO On Being Nawras No More

Greg Young says the rebranding is crucial to the Omani telecom operator’s future success.

Majority Of Oman’s Shura Council Votes To Ban Alcohol In Country

If enforced, it will become illegal to consume and trade alcohol across the sultanate.

Oman Cement Firms Say Gov’t To Double Gas Prices From Jan 1

Cement firms in Oman have also warned that the price rise will lead to an increase in their production costs.

Doha Bank Shareholders Approve India Assets Buy

HSBC Bank Oman said in April it had agreed to the sale of its Indian business to Doha Bank.

Gulf Stock Markets Bleed After OPEC Lets Oil Slide

Saudi Arabia’s bourse took the biggest hit, dropping 4.8 per cent to 8,625 points, its lowest close since early January.