Oman « 5/8 « | Kippreport.com

Oman avoids “toxic” Europe but sticks with US debt

With its economy expecting 5 percent growth in 2011, Oman says it will keep investing in US Treasuries because “no one else is pulling out their investment”.

October 11, 2011 2:14

US men convicted in Iran as spies head home

Two US citizens sentenced in Iran to eight years in jail for spying left for the United States on Saturday from Oman, where they had landed after being released by Iranian authorities.

September 25, 2011 9:42

Somali pirates release mongolian-flagged ship in Oman

Somali pirates have released a Mongolian-flagged bulk carrier they seized off the coast of Oman in January after receiving a ransom, pirates and a maritime monitoring group said.

September 17, 2011 3:25

Economics, politics spur Islamic banking in Oman

With its foray into Islamic Banking just this May, Oman could potentially take a big chunk out of the $1 trillion-industry. But will the global expertise be there?

September 15, 2011 1:40

Oman to award $1.04B oil contracts by end-2011 -official

State-run Oman Petroleum Company (PDO) is planning to award $1.04 billion worth of contracts for work in its oilfields before the end of this year, a company official said on Tuesday.

September 13, 2011 11:56

Renaissance says $2.9M fraud loss tough to recover

Renaissance says completes investigation into Topaz fraud; Says $2.9 million funds misappropriated over six-and-a-half years; Says fraud isolated at one foreign unit

September 12, 2011 12:28

Oman’s Bank Al Izz gets Islamic banking license

Bank Al Izz is one of two Islamic banks to open in Oman; Banks will open in one or two years - central bank official; Al Izz opted for Islamic bank license after royal decree

August 21, 2011 11:49

GCC cinematic milestones

The world of feature films is still developing, but to date the GCC has managed to put a handful of flicks. Probably a lot more than you expected.

July 10, 2011 4:06

Out with the old, in with the new: Incumbent telcos slump at the sight competition

Saturated home markets and loss-making efforts abroad hasten nosedive for former telco monopolies while second and third entry operators shine in a data and mobile broadband playing field - Reuters

July 10, 2011 10:51

BAE to be hit by cost over-runs on Omani programme

BAE shares down as it experiences over-runs that would lead to a $258.7 million charge

June 18, 2011 2:55

Wedding woes weigh heavy on Omani government

Prospective grooms are protesting for government help to ease high dowry demands and expensive wedding costs

June 15, 2011 1:40

Social spending: GCC hopes spending boost will calm unrest

Gulf governments are hoping financial support will be enough to quell regional unrest. What happens when grievances run deeper then financial woes?

June 6, 2011 12:24

Oman to spend up to $15B over 10 yrs

With Oman projecting a record spend this year, the Sultanate is planning to do more to create jobs for nationals and develop refinery and petrochem infrastructure.

May 25, 2011 10:52

Oman to up Sohar refining 60 pct by 2015-agency

Sohar expansion planned to be completed by 2015; CB&I Lummus chosen for expansion work

May 18, 2011 3:44

EFG-Hermes to cut bonuses, appoints Gulf executive

Bank says to cut back bonuses aggressively; Seif Fikry named chief executive for Gulf except Saudi; Shares down 0.2 percent, versus index up 1.4 percent

May 17, 2011 12:45