Home GCC Oman


Omani Firm Plans To Issue Country’s First Sukuk

Al Madina Real Estate says it will issue a five year $130 million Islamic bond in Q1 next year.

Omantel’s Q3 Profit Rise Limited By Costs

The Omani telecoms operator reported a net profit of $2.6 million in the third quarter of the years.

HSBC Bank Oman 9-Month Profit Drops 4.2% On Provisions

The lender made a net profit of OMR10.57 million in the first nine months of the year.

Bank Dhofar Q3 Net Profit Down

The Omani lender has missed market expectations as it posts a third-quarter profit drop compared to last year.

Choosy Omanis Add To Government’s Unemployment Headache

The government hopes to create between 200,000 and 275,000 job opportunities between 2011-2015.

Oman Growing, But Diversification Is Vital

The county is estimated to post a GDP growth rate of six per cent in 2012, according to a study by Kuwait Finance House.

Biggest Banks In Oman

Increased consumer lending and new banks will put the country on a solid footing this year.

Top Ten Salaries in Oman

PR Directors in Oman are the top earners within the media segment, taking home nearly $8K a month

Oman’s Bank Muscat $251m Rights Issue 128% Covered

The capital raised will be used to fund credit growth and the lender’s upcoming venture into Islamic finance.

Top Five Cities In The Middle East

Three UAE cities feature in the list that ranks cities on economic and social factors, labour rights and quality of life.

Bank Dhofar In H1 Profit

Oman’s lender makes $50.6 million profit for the first half of the year, a huge rise from the same period last year.

National Bank Of Oman Profit Up

The bank made a Q2 net profit of $26.8 million, up on analysts’ expectations and last year’s results.

Oman’s Oil Output Drops 4.1%

The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.

Bank Muscat Shares Declined

Oman’s largest lender has offered new shares to existing holders at a discounted price to raise over $250 million.

Bank Muscat Q2 Profit Up 19%

The Oman lender made net profit of $90.9 million in the second quarter, above analysts’ estimations.

Qatari Diar To Develop Oman

Five-star luxury resorts, marinas and a sports academy are planned for Ras Al Hadd following agreement.

Oman’s Economy Outlook Positive

Gross domestic product figures carry momentum from 2011 despite the potential woes of a global recovery.

GCC IPOs Pick Up In Q2 2012

Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.

Bank Muscat Plans $251m Stake Sale

The Omani bank plans to use the proceeds from the sale to fund credit expansion and its foray into Islamic finance.

Oman Posts Budget Surplus

First four months of the year see the sultanate’s revenue jump by 40 per cent to 4.6 billion rials.

DSI Wins Dhs96m Oman Deals

UAE contractor Drake & Scull International has secured a series of MEP contracts in Oman.

Top MENA Picks For Retailers

The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.

Oman LNG Eyes 20% Output Rise

The company currently produces around eight million tonnes of liquefied natural gas a year.

HSBC Gets Nod For Oman Merger

The European lender has received approval to merge its Omani business with Oman International Bank.

Oman To Top GCC GDP Rankings

The sultanate has the potential to top the GDP rankings for the region, bettering its wealthy neighbours.

Omani Bank IPO Attracts $1.77bn

Bank Nizwa, the country’s first Islamic bank, will be listed on the Muscat Securities Market on June 12.

HSBC’s Oman Merger Halted

Trading shares of Oman International Bank also stopped due to $5.20 million claim.

Oman To Raise Oil Output

The Gulf State plans to increase crude production by 30,000 barrels per day this year.

Oman Eyes 2,000 New Hotel Rooms

The Gulf state will add a plethora of new hotel and resort rooms across the country by 2012-2013.

Omantel Posts 12.9% Q1 Net Profit Rise

The Omani telecoms company reported a net profit of $75.58 million during the first quarter of the year.