Bank Dhofar, currently in talks to merge with smaller rival Bank Sohar, recorded a 10.8 per cent decline in third-quarter net profit, Reuters calculated on Sunday.
Oman's second-largest bank by market value made a profit of 8.
Omani police used tear gas to disperse demonstrators who blocked a port in the northern part of the Gulf state, activists said on Thursday, saying they were protesting against industrial pollution that was a risk to health.
Bank Sohar, Oman's fifth-largest lender, said on Sunday that it would consider a proposal from larger peer Bank Dhofar to merge operations, a move which would create the country's second-largest bank with $10.7 billion of assets.
State-owned Oman Oil Refineries and Petrochemical Companies (Orpic) is in talks with two local banks to raise $2.5 billion to expand its Sohar refinery and refinance a previous loan, a government official said on Monday.
Maritime industry leaders from Oman will head to Seatrade Middle East Maritime (SMEM) 2012 next month in Dubai as the country’s key northern port of Sohar confidently moves ahead with its $14 billion ambitious expansion plans.
Nine global technology firms have been shortlisted for a $1.2 billion EPC contract to undertake the expansion of Oman’s flagship refinery at Sohar, said a project official at Oman's oil and gas ministry.
Oman was looking
Al Adaily International in Sohar recently took delivery of three Mazda2s from Towell Auto Centre (TAC), the exclusive dealer for the Japanese brand in Oman.
“We frequently upgrade our vehicles to ensure that only car models of the latest q
A three-day exhibition showcasing Omani products was launched today (April 23) in Sohar as part of a series of exhibitions of Omani Products' Campaign 2012 entitled "Omani".
Organised by the Public Establishment for Industrial Estates (PEI
Vale, a global diversified mining company, has achieved full production capacity of 9 million tons per year of direct-reduction pellets at its $1.36 billion industrial complex in the Port of Sohar.
By creating a ‘virtual iron ore mine’, t
Brazilian mining giant Vale said on Saturday it was planning to spend up to $700 million to double its production of iron pellets in Oman.
Oman Vale, a subsidiary of Vale, in which state-run Oman Oil Company owns a 30 per cent stake, start