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The company plans to finance and construct a mixed-use property at Ras Al Hadd in Oman's Sur district, including a five-star hotel and spa, residential villas, apartments, souks, a marina and villa plots, Diar said in a statement on Monday, without citing the projects' value.
July 10, 2012 11:01
Oman's economy seems to have weathered the first quarter's global slowdown quite well and its 2012 outlook remains positive despite external risks, a central bank (CBO) report showed.
July 9, 2012 12:45
The warning came after an administrative court in the country issued a ruling on June 25 in favour of three local clubs who had complained about the election process in the Omani federation (OFA).
July 5, 2012 10:39
Dubai crude oil quoted by price-reporting agency Platts averaged $94.44 a barrel for June, down $12.87 from May, traders said on Monday.
July 2, 2012 10:11Bank Nizwa to elect new board in July – CEO; Says to begin operations two weeks after board election; Bank Nizwa raised $156 mln in June IPO
July 1, 2012 5:13
Oman has begun looking after Iranian affairs in Britain, a foreign ministry official said on Thursday, as part of what Tehran said was a diplomatic deal following the closure of both countries' embassies last year.
June 28, 2012 4:48
Renaissance, a service provider to the oil and gas industry, plans to issue 423 million bonds, convertible at a price of 102 baisas each as part of the sale.
June 28, 2012 10:55
Brent's premium to Dubai slips to 21-month low; Opens arbitrage window for Russian Urals to move to Asia; Ample Mideast crude, weaker Oman may curb Urals flow
June 21, 2012 5:15
The terms of members of Oman's central bank board have been extended by a further five years without any changes, a senior central bank official said on Wednesday.
June 20, 2012 5:42
Oman to bring more gas online by 2017; Commercial negotiations underway for Khazzan gas project; LNG production at Oman LNG seen steady through 2016
June 6, 2012 12:05
The bank will be listed on the Muscat Securities Market on June 12, Oman Arab Bank said. Bank Nizwa raised 60 million rials by selling 40 percent of its capital.
May 27, 2012 12:16
Topaz Energy and Marine, a unit of Oman's Rennaissance Services, has signed the first phase of a $330 million refinancing loan agreement with banks, its parent said in a statement to the bourse on Sunday.
May 27, 2012 11:58
Oman has temporarily halted a merger between HSBC's operations in the Gulf Arab state and Oman International Bank due to a lawsuit against the British lender, a source familiar with the matter said on Thursday.
May 26, 2012 3:21
HSBC is to merge its business in Oman with Oman International Bank (OIB) and hold a majority stake in the enlarged operation, Europe's biggest bank said on Wednesday.
April 18, 2012 4:36
National Bank of Abu Dhabi, the largest lender by market value in the United Arab Emirates, is set to take on regional mandates to add to its home-market advantage, the head of the bank's debt capital markets team said.
March 7, 2012 1:30
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
