Friday 22 May 2015
 
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Oman

Oman Insurance Company appoints new chief

Oman Insurance Company (OIC) has appointed Christos Adamantiadis as its chief executive officer to replace Patrick Choffel who ends his successful four-year tenure next month. Abdulaziz Abdulla Al Ghurair, chairman to the OIC boar

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Orpic borrows $910m from local, Gulf banks

State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) has taken out a RO350 million ($910 million), ten-year loan from local and regional banks, part of which will be used to fund expansion projects, the company said on Friday.

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Oman convention centre to be major events hub

Oman Convention & Exhibition Centre (OCEC), the sultanate’s landmark business events hub, has revealed its latest 3D structures and aerial drone images in the lead up to its opening in 2016. The images were revealed at a

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Massive Oman convention centre to open in 2016

Oman Convention & Exhibition Centre (OCEC), the sultanate’s landmark business events hub, has revealed its latest 3D structures and aerial drone images in the lead up to its opening in 2016. The images were revealed at a

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Four new solar power pilot projects planned in Oman

Oman’s Rural Areas Electricity Company (Raeco) is planning to set up four solar power projects as pilot ventures, according to a report. It is aimed at efficiently utilising renewable energy, which will reduce use of fossil

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Four new solar power pilot projects planned in Oman

Oman’s Rural Areas Electricity Company (Raeco) is planning to set up four solar power projects as pilot ventures, according to a report. It is aimed at efficiently utilising renewable energy, which will reduce use of fossil

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Oman to maintain spending despite low oil prices

Despite a sizeable fiscal deficit this year and the next due to decline in oil prices, Oman is likely to avoid deep cuts in spending as the real GDP grows by 4 per cent in 2015 before moderating to 3.7 per cent in 2016, a report said.

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Bank Nizwa drops United Finance merger plan

Oman's Bank Nizwa has withdrawn its proposal for a merger with United Finance , Nizwa said on Monday, after United received rival offers and invited all suitors to enter a formal bidding process. In February, Nizwa approached

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Omani industrial firms set for Jeddah expo

More than 120 Omani companies representing various industrial sectors such as food and construction, electricity, furniture and marble tiles will be showcasing their products at a four-day event in Jeddah, Saudi Arabia. The fourth

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Opex to promote Omani products in Jeddah

Omani Products Exhibition (Opex 2015) is set to kick-off in Saudi Arabia as part of a campaign to promote locally manufacture products abroad. The exhibition, which will run from May 18 to 21 at the Jeddah Centre for Forums and Ev

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