Investigation now underway into the cause of the damage on the evening flight from Muscat.
The sultanate’s central bank has issued a warning to the country which echoes a similar statement by the IMF last week.
The sultanate needs to adjust its fiscal balance by around 10 per cent of GDP over the medium term, said the IMF.
The non-OPEC oil exporter’s only previous international bond was a $225 million Eurobond sold in March 1997.
The Kuwaiti Fund for Arab Economic Development will supply the amount in annual installments over a 10-year period.
The order, which will bring Oman Air’s A330 fleet to a total of 10 aircraft, is thought to be worth around $720 million.
The U.S. Secretary of State met Oman’s defence minister in the Sultanate on Wednesday to oversee the $2.1 billion deal.
The Gulf State has commissioned the Middle East’s first solar enhanced oil recovery (EOR) project.
A two-month shutdown of Oman’s biggest refinery slashed Omani regular gasoline output by 42 per cent in the first quarter of 2013.
Bank of Muscat lost $40 million and UAE-based RAKBANK lost $5 million in the global heist.
Bank Muscat had reported in February that its pre-paid travel cards were hit by fraud, forcing it to take a 15 million rial ($39.0 million) loss provision.
Shelly-Ann Fraser-Pryce also featured as a host of Olympic medallists began their build up to August’s world championships in Moscow.
Omantel made a net profit of $75.6 million in the three months to March 31.
Commercial banks have ensure that at least five per cent of their total loans are given to small and medium-sized firms.
Both Al Suwaidi Power Co and Al Batinah Power Co aim to each offer a 35 per cent stake to the public.
Increased services from aviation hubs like Dubai and Doha boost Salalah’s tourism.
The government hopes to facilitate debt sales by its private sector, says finance minister Darwish al-Balushi
The company said increased depreciation arising from network modernisation had impacted its net profit.
Supporting smaller firms is a key part of the government’s economic policy but lending growth hit a 22 month low in February.
Integrated Tourism Complex developments, such as Muscat Hills and The Wave, help to revive the Sultanate’s real estate market.
The lender made a OMR15 million one-off provision after some of its prepaid travel cards were hit by fraud.
Alizz Islamic Bank is the second full-fledged Islamic bank in the sultanate.
The facility, located in Duqm, will be able to store up to 200 million barrels of crude oil.
The refinery will begin operations by the end of 2015 and will produce one million tonnes of sugar per year.
The two new plants will together add 1,500MW of power to the sultanate’s current existing capacity of 4,500MW.
Oman’s merchandise trade surplus reached $24 billion last year.
Currently Oman, like neighbouring Saudi Arabia, follows a Thursday-Friday weekend.
Oman’s Islamic lenders can hold no more than 40 per cent of their net worth in the form of foreign currency-denominated assets.
Oman does not expect to spend more than its budgeted amount this year.
Oman Air said its revenues jumped 21 per cent last year on the back of rising traffic through the country’s main airport.
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