Raysut will try offset the impact of higher gas prices by making other cost reductions, improving efficiency and restructuring its own prices, according to a bourse filing.
Brent crude prices have fallen about 10 per cent since regional equity markets last traded on Thursday.
The government plans to introduce hikes to gas prices in 2015.
HSBC Oman, 51 per cent owned by London-listed HSBC, said talks were preliminary and may or may not lead to a sale.
A two per cent tax on the remittances sent by foreign workers in Oman is estimated to generate about OMR62 million.
The commercial complex will include a shopping centre, stores, a food court and an area for children’s games.
The company made a net profit of OMR30 million ($77.9 million) in the three months to Sept. 30, up from OMR29.1 million in the year-earlier period.
The new OTT players have helped the telecoms provider boost revenues from data usage, says the CEO.
In a video message broadcast on state television, a frail-looking Qaboos offered greetings to Omanis on the occasion of his birthday, which falls on Nov. 18 and is celebrated in Oman as a national day.
The lender has received regulatory approval for the issue, which would help fund its expansion.
The Sultanate introduced Islamic finance at the end of 2012, becoming the last country in the six-nation Gulf Cooperation Council to do so.
Oman has been considering ways to reform its costly and sometimes wasteful subsidy system, though reductions in spending would be politically sensitive
Oman needs a relatively high oil price to balance its budget, so its state finances are more vulnerable than most to the drop of Brent crude oil to around $85 a barrel.
Oxy had said in October 2013 that it planned to sell a minority stake in its MENA operations as part of a restructuring programme.
Sohar is starting to compete for traffic with Jebel Ali and other top Gulf ports, as part of a far-reaching plan by Oman to diversify its economy beyond oil.
Nawras had 2.51 million subscribers as of Sept. 30, up 6.5 per cent from a year ago.
The bank made a net profit of OMR9.8 million ($25.5 million) in the three months to Sept. 30, up from OMR8.3 million in the same period of 2013.
The bank made a quarterly profit of OMR40.39 million ($104.9 million) in the three months to September 30, it said in a statement to the Muscat bourse.
The lender made a net profit of OMR3.8 million ($9.87 million) in the three months to September 30, compared with OMR3.5 million in the same period of 2013.
The lender made a net profit of OMR14.1 million in the three months to Sept. 30.
The lender said that its board had decided against issuing the convertible “due to uncertainty regarding its eligibility as an additional Tier 1 instrument”.
The company made OMR5.3 million ($13.8 million) in the three months to Sept. 30, compared with OMR4.5 million in the corresponding period of last year.
The cement producer made a net profit after tax of OMR2.3 million ($6.0 million) in the three months to Sept. 30, compared with OMR3.8 million in the corresponding period of 2013.
The central bank appointed five members to its sharia board, which will have direct oversight of Islamic banking institutions.
As per the deal, Omagine LLC will design, develop, own and operate a mixed-use project called the Omagine Project in the Sultanate.
The Khazzan project aims to extract around one billion cubic feet (bcf) per day of gas.
Sultan Qaboos has been in Germany since July for medical tests.
Rashad Ali al-Musafir, the bank’s chief financial officer, would replace Kalmoor as acting CEO for an interim period, the bank said in a bourse filing.
Investor orders topped $1.6 billion for NBO’s issue, a source with knowledge of the deal said.
The Sultanate’s second-largest lender by assets is earmarked to price its deal at 140 basis points, plus or minus 5 bps, over midswaps.