The RAF’s Red Arrows over Doha in 2013. They return this weekend as part of the UK’s campaign to maintain its trade relationship with both sides of the GCC split The Royal Air Force (RAF) Red Arrows will fly over…
Tag: Oman
Oman to raise $3.4bn through PDO, considers bond
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…
Iran ready to co-operate with Oman in oil and gas
For full coverage of Middle East business, see MEED Managing Director of Iran Ship Building & Offshore Industries Complex Company (ISOICO) Hamid Rezayian Asl said Iran is ready to cooperate with Oman in developing its oil and gas projects. “The Southern…
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…
Iran in talks about gas pipeline to India
Proposed energy pipelines from the Gulf to India For full coverage of business developments in Iran and the Middle East, see MEED National Iranian Gas Company (NIGC) managing director Alireza Kameli said Iran is negotiating about a subsea pipeline delivering…
Dolphin energy rating affirmed
For full coverage of Middle East business, see MEED Fitch Ratings has affirmed Dolphin Energy Limited’s (DEL’s) $1,250m 5.888 per cent secured bonds due 15 June 2019 and $1,300m 5.5 per cent secured bonds due 15 December 2021 at A+.…
Video: introduction to banking in the GCC
Carnegie experts forecast Middle East trends in 2015
The Carnegie Endowment has published forecasts of trends in the Middle East written by its scholars. Lebanon. “Since 2005, Lebanon has turned “muddling through” into an art of governance. However, the perpetual balancing act that the Lebanese are now so…
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…