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 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
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
The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh
TotalEnergies holds a 26.55 per cent interest in Block 10, with OQ retaining 20 per cent and Shell holding 53.45 per cent
More than 40 companies, including TotalEnergies and BP, have purchased request-for-qualification documents for the Omani blocks
The country has announced November 30 and December 1 as holidays for employees in the public and private sectors to mark the National Day
The fund now manages over OMR16bn of assets in 40 countries and has achieved an annual average return of 10.3 per cent
Almosafer’s consumer business will run a 360 marketing campaign throughout 2023 to promote Oman to its customer base in Saudi Arabia, Kuwait and the UAE
City-to-city rides are available to those attending multiple matches
In order to enter Oman, a resident’s visa in the GCC must be valid for a period of no less than three months
The Mexico City-based company is branching into the UAE and Oman
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
Flights will operate from November 2022 through to March 2023
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
After the completion of the sale, the share of renewables in Sembcorp’s total energy capacity will rise to 51 per cent from 43 per cent
Fitch raised Oman’s long-term foreign-currency rating by one notch to BB
Oman has implemented a series of reforms to balance its budget and lower its debt, including the introduction of value-added tax last year