The Omani telecoms operator reported a net profit of $2.6 million in the third quarter of the years.
The lender made a net profit of OMR10.57 million in the first nine months of the year.
The Omani lender has missed market expectations as it posts a third-quarter profit drop compared to last year.
The government hopes to create between 200,000 and 275,000 job opportunities between 2011-2015.
The county is estimated to post a GDP growth rate of six per cent in 2012, according to a study by Kuwait Finance House.
Increased consumer lending and new banks will put the country on a solid footing this year.
PR Directors in Oman are the top earners within the media segment, taking home nearly $8K a month
The capital raised will be used to fund credit growth and the lender’s upcoming venture into Islamic finance.
Three UAE cities feature in the list that ranks cities on economic and social factors, labour rights and quality of life.
Oman’s lender makes $50.6 million profit for the first half of the year, a huge rise from the same period last year.
The bank made a Q2 net profit of $26.8 million, up on analysts’ expectations and last year’s results.
The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.
Oman’s largest lender has offered new shares to existing holders at a discounted price to raise over $250 million.
The Oman lender made net profit of $90.9 million in the second quarter, above analysts’ estimations.
Five-star luxury resorts, marinas and a sports academy are planned for Ras Al Hadd following agreement.
Gross domestic product figures carry momentum from 2011 despite the potential woes of a global recovery.
Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.
The Omani bank plans to use the proceeds from the sale to fund credit expansion and its foray into Islamic finance.
First four months of the year see the sultanate’s revenue jump by 40 per cent to 4.6 billion rials.
UAE contractor Drake & Scull International has secured a series of MEP contracts in Oman.
The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.
The company currently produces around eight million tonnes of liquefied natural gas a year.
The European lender has received approval to merge its Omani business with Oman International Bank.
The sultanate has the potential to top the GDP rankings for the region, bettering its wealthy neighbours.
Bank Nizwa, the country’s first Islamic bank, will be listed on the Muscat Securities Market on June 12.
Trading shares of Oman International Bank also stopped due to $5.20 million claim.
The Gulf State plans to increase crude production by 30,000 barrels per day this year.
The Gulf state will add a plethora of new hotel and resort rooms across the country by 2012-2013.
The Omani telecoms company reported a net profit of $75.58 million during the first quarter of the year.
The European bank will hold a 51 per cent stake in the new entity, which will be renamed HSBC Bank Oman SOAG.
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