#Oman

Oman's Ahli Bank receives bids from Omnivest, Bank Dhofar

Oman’s Bank Dhofar, Omnivest submit competing bids for Ahli Bank

The revised bid from Oman’s Bank Dhofar comes a day after Omnivest said it would lead a consortium that will make an offer for Ahli Bank

Zain HQ Building 2021

Zain Group creates global wholesale services JV with Omantel

The venture will manage all international wholesale requirements of Zain and Omantel operations in eight countries

Oman

Oman announces the first day of Eid Al Fitr 2023

The decision was made after the moon sighting committee failed to sight the crescent moon of Shawwal on Thursday, April 20

Oman earthquake

Magnitude 5.8 earthquake strikes off the coast of Oman

The 5.8 magnitude earthquake in Oman did not affect the UAE nor felt by any residents

EFG Hermes exit Oman

EFG Hermes shuts Oman operations

The universal bank said the move comes in light of its efforts to drive shareholders’ value by optimising its operations and improving the return on equity metric

Oman Ahli United Bank, Bank Dhofar merger

Oman’s Ahli Bank rejects merger offer from Bank Dhofar

The board of directors studied the non-binding proposal from Bank Dhofar and decided not to accept it

Borouge building material

Borouge supplies materials worth $26.5m to mega projects in MEA

The company’s materials contribute to reducing carbon emissions generated during the manufacturing process of the pipes and their operational lifespan

UAE, Oman sign agreement to boost environmental preservation efforts

UAE, Oman sign agreement to boost environmental preservation efforts

Both sides will conduct joint research in the fields of environmental preservation

Oman oil driller Abraj Energy hires banks for $500m IPO

Omani ministry signs nickel extraction agreement with UK’s Knights Bay

The first mining agreement is Oman’s first with a foreign investor

F88

F88 raises $47m ahead of its planned Vietnam IPO

The Hanoi-based company offers small loans primarily backed by vehicles as collateral and provides financial services, such as insurance and money transfers

Abraj oil drilling deal

Oman’s Abraj inks oil drilling deal with Chevron, Kuwait Gulf Oil Company

Abraj will construct three drilling platforms in the Wafra oilfield in the southern part of Kuwait as part of the deal

Oman, Israel

Oman opens airspace to all airlines

The sultanate’s historic decision is expected to shorten flights to some Asian destinations by more than two hours

Oman

Oman oil-drilling IPO draws Saudi wealth fund as anchor investor

Anchor investors will subscribe for 40 per cent of the shares at the maximum price

Oman, Saudi Arabia sign executive programme for ICT infrastructure enhancement

Saudi Arabia, Oman sign executive programme to enhance ICT infrastructure

The programme will boost cooperation to enhance telecommunication and information technology infrastructure, and high-speed digital interconnection for data exchange

Saudi Omani conference Photo courtesy saudi press agency SPA

Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn

The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh

Oman

Oman Energy firm OQ to sell 49% stake in oil-drilling unit IPO

The IPO could raise as much as $500m

Ooredoo Oman mobile internet coverage

Telco Ooredoo to expand coverage to more areas across Oman

Ooredoo will enable 2G, 3G and 4G coverage to 37 previously uncovered areas for the first time

Oman gets interest from hydrogen investors for mega-blocks

More than 40 companies, including TotalEnergies and BP, have purchased request-for-qualification documents for the Omani blocks

Jindal Shadeed Group to Invest USD 3 billion; agreement signed to Reserve Land to Produce Green Steel at Duqm

Jindal Shadeed Group to invest $3bn in green steel manufacturing facility in Oman

Slated to be the largest of its kind within the zone to produce green steel, the facility will also utilise renewable energy sources in its manufacturing operations

Oman celebrates its 52nd National Day

Oman celebrates its 52nd National Day

The country has announced November 30 and December 1 as holidays for employees in the public and private sectors to mark the National Day

Oman offers visa-free entry to GCC residents

In order to enter Oman, a resident’s visa in the GCC must be valid for a period of no less than three months

Vodafone

Gitex Global: Vodafone, Ericsson facilitate data-driven decisions with AI-based solutions in Oman

Vodafone in Oman leverages Ericsson expert analytics and network optimisation cognitive software solution to increase network agility

Oman Insurance company rebrands itself as Sukoon

Oman Insurance unveils new corporate logo, rebrands as Sukoon

The new brandmark represents two human hands coming together, depicting a sense of security and protection for customers

aramex

Aramex completes first drone delivery in Oman

The company plans to expand its drone delivery testing across the Middle East region

Oman oil driller Abraj Energy hires banks for $500m IPO

Oman oil driller Abraj Energy hires banks for $500m IPO

Abraj Energy was created in 2006 and owns about 20 land rigs

Oman

Oman seeks to deepen capital markets with eye on Gulf IPO boom

Oman and Bahrain are the only countries in the GCC not classified as emerging markets by MSCI

UAE President arrives in Oman on two-day state visit

Sheikh Mohamed bin Zayed Al Nahyan was welcomed by Sultan Haitham bin Tariq, upon his arrival in Muscat

Non-oil trade between UAE and Oman

Non-oil trade between UAE and Oman crosses Dhs362bn in 10 years

Non-oil exports accounted for 33 per cent of the total non-oil trade during the past ten years

Oman to ban import of plastic bags

Oman to ban import of plastic bags from January 2023

The ministry is working with concerned departments to develop specifications, ensuring a proper transition to alternatives

Oman

Oman gets first upgrade from Fitch on oil-led fiscal turnaround

Fitch raised Oman’s long-term foreign-currency rating by one notch to BB