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Labourers Return To Work At Oman Airport

Abhinav Akshay, another labourer at the project, said: "We have been assured that safety standards will be revised so we can work without fear of injuries."

March 14, 2013 8:36

Thousands of South Asian workers strike at Oman Airport

Thousands of South Asian labourers working on the expansion of Muscat airport downed tools on Tuesday in a rare strike to demand…

March 12, 2013 4:42

Omanis hoping for change after vote

Sultan Qaboos remains a popular figure in a country that was mostly undeveloped and faced war in its Dhofar region when he seized power from his father.

December 22, 2012 6:49

Oman to issue large government bonds

Oman will issue five-year government development bonds worth 100 million rials ($260 million) at an annual interest rate of 3.25 percent,…

November 17, 2012 9:49

Oman’s Nawras offers fixed line number portability in Omantel challenge

Oman telecom operator Nawras launched number portability for fixed line services on Sunday in a move that may help it woo corporate customers from former monopoly Oman Telecommunications (Omantel).

September 16, 2012 5:23

Gulf venture to build $400 million steel plant in Oman

Three Gulf investors have formed a joint venture to build a $400 million steel plant in the southern Oman city of Salalah, a statement by the company said on Tuesday.

September 4, 2012 5:32

Dubai Group sells Turkey insurance arm

Mashreq Bank unit buys 51 pct stake in Turkish arm; Remaining stake bought by ex-AIG CEO's firm; Turkey seen attractive to foreign insurers; Dubai Group is in midst of $10 bln restructuring

September 4, 2012 5:29

Malaysia’s WCT wins $320 million construction job in Oman

Malaysian builder WCT Bhd said on Thursday it had won a 1 billion ringgit ($320 million) contract to build a 44.75km expressway in Oman.

August 16, 2012 4:01

Oman’s al Izz Islamic bank to float in September

Al Izz Islamic Bank, the second sharia-compliant lender being formed in Oman, plans to float 40 percent of its shares in September, a bank official said on Thursday.

August 9, 2012 4:07

Role of professional real estate firms in Islamic banking

In the region there have been challenges to Islamic banking due to the slump in real estate, however, advocates say the system has built- in protection when compared with the conventional financial institutions as excessive risk taking is banned

August 7, 2012 8:18

Gulf states should not fall in the same hole

A Reuters poll predicts no common currency until 2017, but the an official from Qatar's Central Bank says they should learn from the Euro Zone mistakes

July 28, 2012 11:02

Oman court sentences six for “slandering” ruler

An Omani court has sentenced six people to jail terms of 12 to 18 months over social media posts it called "slander" against the country's ruler, a defence lawyer said on Tuesday.

July 17, 2012 5:13

Oman’s bank Muscat second quarter profit up 19 percent

Q2 net profit 35 million rials, beats estimates; H1 profit 68.4 million rials; Impairments for H1 down slightly, at 25 mln rials

July 16, 2012 4:54

Oman may budget surplus widens, inflation at 27-month low

Budget surplus at 1.6 bln rials in Jan-May; Oil output up in May despite strikes; Inflation at 2.2 percent in May vs 3.0 pct in April

July 11, 2012 4:39

GOING FOR GOLD: GCC in the Olympics

As Saudi Arabia announces they will not send any female athletes to the 2012 Olympic Games in London, Kipp takes a closer look at the GCC countries relationship with the Olympics.

July 11, 2012 4:06