Oman plans to make its first sovereign issue of Islamic bonds, a 200 million rial ($520 million) issue, by mid-2015 to help finance a budget deficit caused by the plunge of oil prices, the head of its central bank said on Sunday.
Bank Dhofar, Oman's second-largest bank by assets, won shareholder approval for plans to raise its capital by as much as $300 million, including through the issuance of capital-boosting bonds, it said on Saturday.
The lender s
Oman’s OFP has signed an agreement with Sharakah, an investor that supports the development of entrepreneurs and SMEs in the sultanate, to receive financial support to set up a manufacturing unit, a report said.
Oman has labelled two new upcoming water desalination schemes in the Batinah coast as “Special Projects” paving the way for their procurement under the Sultanate’s Sector Law, a report said.
The special designati
A joint venture (JV) of Shapoorji Pallonji Mideast (SPML) has won a RO85 million ($220 million) construction contract for package 3 of Oman Convention and Exhibition Centre (OCEC) project, said a report.
The two-year contract was
The Environment Society of Oman and Nama Group (formerly known as Electricity Holding Group) have signed a memorandum of understanding to fund a project to boost the forestation in the Governorate of Dhofar.
The duo also signed a
Oman has launched its National Spatial Strategy, a major initiative which aims to develop the sultanate’s future planning system, a report said.
The Supreme Council for Planning is overseeing the preparation of the Oman Nati
City Centre Qurum, a family destination of choice developed by Majid Al Futtaim in Oman, has opened three new retail stores, demonstrating its commitment in sustaining the changing demands of the community.
The newly-opened stores