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
The venture will manage all international wholesale requirements of Zain and Omantel operations in eight countries
The decision was made after the moon sighting committee failed to sight the crescent moon of Shawwal on Thursday, April 20
The 5.8 magnitude earthquake in Oman did not affect the UAE nor felt by any residents
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
The board of directors studied the non-binding proposal from Bank Dhofar and decided not to accept it
The company’s materials contribute to reducing carbon emissions generated during the manufacturing process of the pipes and their operational lifespan
Both sides will conduct joint research in the fields of environmental preservation
The first mining agreement is Oman’s first with a foreign investor
The Hanoi-based company offers small loans primarily backed by vehicles as collateral and provides financial services, such as insurance and money transfers
Abraj will construct three drilling platforms in the Wafra oilfield in the southern part of Kuwait as part of the deal
The sultanate’s historic decision is expected to shorten flights to some Asian destinations by more than two hours
Anchor investors will subscribe for 40 per cent of the shares at the maximum price
The programme will boost cooperation to enhance telecommunication and information technology infrastructure, and high-speed digital interconnection for data exchange
The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh
The IPO could raise as much as $500m
Ooredoo will enable 2G, 3G and 4G coverage to 37 previously uncovered areas for the first time
More than 40 companies, including TotalEnergies and BP, have purchased request-for-qualification documents for the Omani blocks
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
The country has announced November 30 and December 1 as holidays for employees in the public and private sectors to mark the National Day
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 in Oman leverages Ericsson expert analytics and network optimisation cognitive software solution to increase network agility
The new brandmark represents two human hands coming together, depicting a sense of security and protection for customers
The company plans to expand its drone delivery testing across the Middle East region
Abraj Energy was created in 2006 and owns about 20 land rigs
Oman and Bahrain are the only countries in the GCC not classified as emerging markets by MSCI
Sheikh Mohamed bin Zayed Al Nahyan was welcomed by Sultan Haitham bin Tariq, upon his arrival in Muscat
Non-oil exports accounted for 33 per cent of the total non-oil trade during the past ten years
The ministry is working with concerned departments to develop specifications, ensuring a proper transition to alternatives
Fitch raised Oman’s long-term foreign-currency rating by one notch to BB