Oman’s sovereign rating was cut for a second time this year by Moody’s Investors Service as a lower crude price environment will likely slash the Gulf nation’s oil revenue. The rating …
COVID-19: Oman rolls out emergency interest-free loan scheme
Oman’s Sultan Haitham Bin Tarik has issued royal orders to ratify an emergency interest-free loan for the categories most affected by the coronavirus pandemic, according to the Oman News Agency (ONA).
Covid-19: Oman announces 1,318 new cases
Omani authorities have detected 1,318 new confirmed cases of Covid-19 in the country, it was announced on Tuesday. According to Ministry of Health statistics, the total number of confirmed cases in …
Oman’s power sector subsidy soars to $1.63bln in 2019
China’s State Grid International Development Ltd picked up a 49% stake in Oman Electricity Transmission Company …
Oman’s PDO studying the feasibility of a 50 megawatt wind plant
Petroleum Development Oman (PDO) is currently studying the feasibility of setting up a 50-megawatt (MW) wind power project, a senior official said. Mohammed Al-Lawati, Renewable Energy Lead at PDO …
National Bank of Oman Wins Highly Acclaimed ‘Best Private Bank, Middle East’ Award From the Global Private Banking Innovation Awards 2020
At the end of 2019, the bank was also recognized by the Asian Banker Oman Award 2019, winning the Best Wealth Management Business (Affluent Segment) in Oman. The Global Private Banking Innovation …
BP Oman set to start production at Ghazeer gas project
BP Oman is bracing for the launch of the 500-million-cubic feet gas project at Ghazeer field with the installations 99% ready for the start of production. In a statement to Oman News Agency (ONA), BP …
COVID-19: Oman citizens can now enter UAE
The Embassy of the Sultanate of Oman in Abu Dhabi affirms that Omani citizens who have permission to enter the UAE must provide a medical certificate (PCR) confirming that they are free of the …
Rent reduction, exemption to lessen corona impact in Oman
Muscat: Real estate companies in Oman are offering exemption in rent to the tenants financially impacted by the COVID-19 pandemic. The measure was announced to provide some relief to residential …
Oman Fisheries Company helping fishermen, markets tide over COVID-19 crisis
The Oman Fisheries Company is one of the companies which played a prominent role in ensuring supply of fish in the markets during Corona virus pandemic. The Oman Fisheries Company is the largest local …