Thursday 31 July 2014
 
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Galfar

Galfar ex-CEO gets 15 years' jail over bribes

A court in Oman on Sunday sentenced a former executive of an engineering firm to a total of 15 years in jail for five counts of bribery in exchange for contracts from a state-owned oil company. The trial, part of a crackdown by th

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Galfar ex-CEO gets 15 years' jail over bribes

A court in Oman on Sunday sentenced a former executive of an engineering firm to a total of 15 years in jail for five counts of bribery in exchange for contracts from a state-owned oil company. The trial, part of a crackdown by th

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Galfar MD quits board after graft verdict

Oman's Galfar Engineering has said that the managing director who was sentenced to prison by an Omani court as part of a corruption probe had resigned from its board of directors. Galfar's managing director Mohammed Ali an

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Galfar board to meet after officials convicted

Galfar Engineering, an Omani construction firm, said on Monday its board would meet to discuss plans to ensure that its operations were not impacted by a court judgement handed down on Sunday against two of its employees for corruption.

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Galfar MD resumes work after questioning

Oman's Galfar Engineering and Contracting said on Sunday that its managing director had resumed work after being questioned by authorities. On October 10, Galfar had said its managing director was called for questioning by &qu

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Galfar MD called for questioning

Oman's Galfar Engineering and Contracting said its managing director had been called for questioning by "concerned authorities" in the Gulf state. In a bourse statement on Thursday, Galfar did not provide the name of

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Oman's Galfar plans to raise $35.7m in right issue

Oman-based Galfar Engineering and Contracting has announced plans to increase its capital to over $13.8 million through a rights issue, that will offer shareholders 49.5 million shares at 0.28 rials per share. Announcing the new p

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Oman's Galfar plans to raise $35.7m in right issue

Oman-based Galfar Engineering and Contracting has announced plans to increase its capital to over $13.8 million through a rights issue, that will offer shareholders 49.5 million shares at 0.28 rials per share. Announcing the new p

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Dana lifts Abu Dhabi; Oman's Galfar jumps

Dubai's index extended gains after a fresh set of second-quarter earnings but investors in the UAE reacted largely to a relief rally in global markets on Friday. Property stocks, which attracted the most retail attention, led gains wi

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Sewage treatment plant planned in Muscat

Haya Water Company and a consortium of Cadagua / Galfar Engineering Company have signed an agreement for building a new sewage treatment plant (STP) at Darsait in Muscat. Sultan bin Hamdoun Al Harthy, board chairman of Haya Water Company,

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