For full Middle East business coverage, see MEED The Omani government is seeking to raise a loan of about $3.4 billion via state-owned Petroleum Development Oman (PDO) and is considering selling international bonds, Bloomberg reported yesterday. The company, which is…
Category: Oman
Oman’s petroleum output rose above 1m b/d in 2015
For full coverage of Middle East business events, see MEED Oman has reversed the decline in oil and other liquid hydrocarbon production and lifted total output to just over 1m barrels a day (b/d) in 2015, a new report released…
Bank Muscat records 8 per cent profit growth in 2015
For full coverage of Middle East business, see MEED Bank Muscat, Oman’s largest commercial bank, reported a net profit of OR 39.2 million in the fourth quarter of 2015 and OR 175m for the year as a whole, 8 per…
NBK says Omani growth to continue despite lower oil prices because of growing non-oil acivity
Oman’s real GDP will growth will quicken to 4.5 per cent in 2015 from 4 per cent in 2014 due to strong non-oil growth, particularly in tourism and manufacturing, according to a report published by the National Bank of Kuwait…
MEED Oman Tourism Day told 66 per cent increase in number of Omani hotel rooms planned
Al Bustan Palace, Oman. 28 October 2014. STR Global Middle East & Africa executive director Philip Woolmer told the MEED Oman tourism Day that STR’s September hotel census showed that there are plans to build 6,000 new hotel rooms in…
MEED Oman Tourism Hotel Day told Oman Air plans major growth
Al Bustan Palace, Oman. 28 October 2014. Oman Air chief operating officer Abdulrahman al-Busaidy told the MEED Oman Tourism Hotel Day this morning that the airline aims to increase its fleet to 70 aircraft in its present 10-year plan from…
MEED Oman Projects Forum told sultanate will benefit from radical change in Arabian supply chain
Al Bustan Palace, Oman. 28 October 2014. The development of the GCC railway linking Oman with Kuwait plus new high-quality roads across Arabia will allow the sultanate to recover its historic role as gateway to the peninsula, the MEED Oman Projects Forum…
MEED Oman Project Forum told Sohar Port & Free Zone to expand
Al Bustan Palace, Oman. 28 October 2014. Sohar Port & Free Zone is preparing to deal with rising demand, new industrial investments and the construction of the Oman Railway Company (ORC) project, the MEED Oman Projects Forum was told this…
MEED Oman Project Forum told SME Development Fund has started activities
Al Bustan Palace, Oman. 28 October 2014. The MEED Oman Projects Forum was told this morning that the SME Development Fund, which raised its first RO 20 million ($5.4 million) tranche in February, is developing its initial SME promotion and…
MEED Oman Projects Forum told Oman contract awards to hit all-time high in 2014
Al Bustan Palace, Oman. 28 October 2014. The value of contracts placed in Oman will reach an all-time high of more than $10bn in 2014 and this figure could rise to $13.7bn in 2015, MEED Projects’ director of analysis Ed…