Wednesday 5 August 2015
 
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Oman

1,500 rooms to open in Oman by year end

Around 1,500 rooms are scheduled to open in Oman by the end of the year following a strategic initiative to boost tourism in the region, said a report. Furthermore, the tourism ministry has also created separate organisations to t

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Oman approves funding for water desalination projects

Oman has approved funding for research projects that aim to harness renewable energy sources for water desalination in the Sultanate, according to a report.   The move by the Research Council has been designed to

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Oman antimony project signs deal with European firm

Strategic & Precious Metals Processing (SPMP), the promoters of a major antimony processing plant under construction at Sohar Port and Free Zone, has signed an offtake agreement with a leading European firm, according to a report.

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Oman business delegation to visit India

A business delegation comprising 14 Omani companies will visit India beginning August 10 with a view to improving trade and investment links and export. The delegation will be led by Salem Ben Nasser Al Ismaily, chairman of Ithraa

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Oman business delegation to visit India

A business delegation comprising 14 Omani companies will visit India beginning August 10 with a view to improving trade and investment links and export. The delegation will be led by Salem Ben Nasser Al Ismaily, chairman of Ithraa

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Oman’s Majan signs nine deals worth $18m

Oman’s Majan Electricity Company, part of Nama Group, recently signed nine agreements for different projects worth more than RO7 million ($18.1 million). The projects include establishing a new station, the expansion of exis

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Oman boosts oil output to record high in June

Oman has ramped up its oil production to a record high in June, adding to a global supply glut that has hit oil prices, as the Gulf Arab country compensates for the drop in its oil revenue. June production reached 992,700 barrels

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Oman hotel revenues drop 1.5pc in May

Hotel revenues of Oman's three- to five-star hotels reached RO87.3 million ($225.9 million) in May, logging a 1.5-per cent drop compared to RO88.6 million ($229.4 million) recorded in the same period last year, said a report. Meanwh

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Dubai crude July average falls to 4-month low

Dubai crude, as quoted by price-reporting agency Platts, averaged $56.168 a barrel for July, the lowest since March, traders said on Monday. In June, the prices averaged $61.788. Prices for Oman crude were also down

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Oman power firms told to cut electricity loss

Power supply firms in Oman have been urged to improve the efficiency of their distribution and supply systems, aimed at cutting system losses to nine per cent by 2017, it has been reported. The target, set by the Authority for Ele

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