Monday 15 February 2016
 
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Oman

Oman's Raysut Cement Q4 net profit falls 21.5pc

Oman's Raysut Cement reported a 21.5 per cent drop in fourth-quarter net profit on Thursday, according to Reuters calculations. The largest cement firm by market value in the sultanate made RO5.14 million ($13.4 million) in th

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Oman receives over 2m visitors

The sultanate of Oman received over 2 million visitors during the first 10 months of 2015, recording a notable increase of 302,221 tourists in comparison to 2014, where 1.76 million tourists visited the country, said a report. Statistic

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Radisson Blu Hotel opens in Sohar

Radisson Blu, a leading hotel brand of The Rezidor Hotel Group, has announced the opening of Radisson Blu Hotel, Sohar in Oman. This is Rezidor’s fifth hotel in operation in the sultanate. Radisson Blu Hotel,

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Oman to borrow $5bn-$10bn from abroad

Oman plans to borrow between $5 billion and $10 billion from abroad to help finance a budget deficit caused by low oil prices, central bank executive president Hamood Sangour al-Zadjali told Al Arabiya television on Monday. Zadjali said

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Lulu to open seven more hypermarkets in Oman

Middle East's retail major Lulu Group has announced plans to open seven more hypermarkets in Oman in the next two years. The announcement was made by Yusuffali MA, chairman of Lulu, following the opening a new hypermarket in S

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PDO deploys video collaboration technology

Librestream, the leader in mobile video collaboration solutions for enterprise, and Gulf Business Machines (GBM), the Middle East’s number one provider of IT solutions and services, have been selected to provide the collaborative video c

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New MD named for Shell Oman

Shell Oman Marketing Company (SOM) has appointed Mohammed Mahmood Al Balushi as the managing director of the company effective February 2. Al Balushi replaces Adil Ismail Abdullah Al-Raisi in the post. He will also represent juris

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Atana Hotels celebrates the culture of Oman

Atana Hotels, Oman’s first ‘home-grown’ hospitality brand, celebrates the essence of Omani hospitality, with new events and activities planned for the year ahead. Newly introduced for 2016 are weekly cultural nights at

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Oman plans $10bn spend on hydrocarbon projects

Petroleum Development Oman (PDO) plans to invest more than $10 billion in three key hydrocarbon projects, a report said. The three ventures include the Rabab Harweel Integrated Project (RHIP), the Yibal Khuff integrated oil and ga

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Oman assures dollar peg will stay

Oman remains committed to the peg of its rial currency against the US dollar, the head of the central bank said on Tuesday, after the rial dropped to its lowest level in the forwards market for a decade. Low oil prices are hurting

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