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HSBC Merges Oman Branch With OIB

The European bank will hold a 51 per cent stake in the new entity, which will be renamed HSBC Bank Oman SOAG.

Bank Muscat Q1 Net Profit Up 20%

Bank Muscat, Oman’s largest lender by market value, posted a net profit of $86.7 million for the first quarter of the year.

Oman May Issue $518m Bonds

Oman plans to issue sovereign bonds worth OR200 million this year, but is waiting for the right time, according to officials.

Oman Air Reports $285.6m Loss

The carrier said that the loss was “justified” and blamed it on the rising fuel prices.

GCC Oil And Gas Reserves Worth $65trn

The region’s hydrocarbon reserves account for almost a third of the world’s reserves, says QNB Capital.

Oman Owes Gulf Air $310mn

The Bahraini carrier said that the sum has been outstanding from the time Oman pulled out of Gulf Air in 2007.

CME, Oman Fund Raise DME Stake

The cash injection into the Dubai Mercantile Exchange (DME) has diluted the stake of Dubai Holding.

Oman MoH Signs Deals Worth $3.9mn

The agreements were signed between Oman’s health ministry and Oman LNG.

Oman Plans 230km Gas Pipeline Project

The pipeline will supply gas to the town of Duqm and is estimated to cost around $200- 220 million to build.

Oman May Sell Crude To Sri Lanka

The country is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said.

$2bn Boost For Oman’s Solar Power

Swiss and German investment funds are undertaking the project.