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Oman
CMA issues regulations for real estate investment funds – Oman
The regulations have been issued by the CMA as part of financial sector's contribution to the National Program for Enhancing Economic Diversification (Tanfeedh), the CMA said in a press statement.…
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UAE VAT may increase jewellery prices in Oman
Local jewellery stores expect that VAT could make imports of bullion-based ornaments from the UAE a bit costlier going forward, though they are awaiting more clarity over the issue before raising the…
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Meethaq wins Best Islamic Banking Window award
Muscat - Meethaq, the Islamic banking window of Bank Muscat, won the Best Islamic Banking Window in Oman Award by Islamic Business & Finance magazine at a gala event in Dubai. In its 12th year,…
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GCC banks to see a more stable financial footing in 2018: S&P – Oman
'What's more, the GCC banks will have recognised most of the impact of the softer economic cycle on their asset quality by mid-2018. That's except for Qatar, where trends in asset quality will depend…
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AER plans regulatory framework for EVs – Oman
Muscat - The Authority for Electricity Regulation (AER) plans to prepare a regulatory framework to support the introduction of electric vehicles (EV) in Oman. According to AER officials, the authority…
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Oman awards oil block 57 to Lebanon's Petroleb
H E Mohammed bin Hamad al Rumhi, Minister of Oil and Gas, signed the agreement on behalf of the Omani government along with Salah Khayat, chief executive officer of Petroleb. Headquartered in Beirut,…
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Malabar Gold & Diamonds to open 11 outlets across six countries on January 12
This is for the first time that an Indian jewellery retailer has been opening such a large number of showrooms spread across six nations in a single day. The new showrooms would be located in Al…
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Bank Sohar supports Oman Diabetes Association
Munira Abdulnabi Macki, Bank Sohar’s GM, HR and Corporate Support, said, “We firmly believe in giving back to the society and empowering those sections of the community with the right opportunities…
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Octal shows environmental stewardship initiatives at MECA exhibition – Oman
Calling for ‘A clean and sustainable environment’, Octal joined hands with the Ministry to raise awareness on environmental best practices for a cleaner and more sustainable Oman. Ahmed al Najjar,…
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Education Council holds its first meeting of the year – Oman
The meeting started with a discussion on the ‘Educational Excellence Award for the Omani Teacher’ presented by the Ministry of Education (MoE) based on a previous decision of the council. The move…
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