Even before the latest Saudi-instigated oil war crashed oil prices, Oman had a budget breakeven price per barrel of Brent of over US$85, with a senior legal source in Abu Dhabi focussed on the oil …
Investors may track debt levels of JSPL post the Oman asset sale
However, investors may do well to await final confirmation of the sale. Shares of JSPL slipped 4.8% on Wednesday. The Oman asset, Jindal Shaheed, produced about 1.87 million tonnes (mt) of steel and …
COVID-19: Oman records 1,124 new cases, 9 deaths
Oman recorded 1,124 new cases of the novel coronavirus on Wednesday, maintaining an upward trend and raising the country’s overall infections to 41,194. The latest cases, reported by the Omani news …
PROJECTS: Oman’s Raysut Cement plans five-fold increase in production capacity
Oman’s Raysut Cement is planning a five-fold increase in production capacity to grow its business within and outside the Sultanate, the company’s Chief Executive Officer Joey Ghose said. The …
JSPL To Divest Oman Business To Promoter Firm
A promoter group firm will acquire Jindal Steel and Power Ltd.’s entire stake in the company’s Oman unit.Jindal Steel & Power (Mauritius) accepted a binding offer from Templar Investments, a …
Investments in Oman’s Sohar, Salalah free zones total $9.6bln
In line with the Sultanate Logistics Strategy (SOLS2040) and Oman 2040 Vision to attract local and foreign … for licenses and permits supporting the free zones` competitive business environment.
JSPL to sell entire stake in Oman arm for $1 billion
In a statement on Tuesday, JSPL said it had accepted a binding offer from Templar Investments to divest its entire stake in its Oman arm in line with its commitment to continuously bring down debt and …
India’s Jindal Steel and Power to sell Oman unit for more than $1 billion to cut debt
India’s Jindal Steel and Power Ltd (JSPL) said on Tuesday it is selling its Oman subsidiary to Templar Investments Limited in a deal valued at over $1 billion, to ease the group’s debt burden.
JSPL to sell stake in Oman subsidiary for over $1 billion
Jindal Steel and Power Ltd (JSPL) on Tuesday said it will offload its entire stake in Oman-based subsidiary for over $1 billion (Rs 7,500 crore). JSPL, in a statement, said its subsidiary “Jindal …
Oman poised to allow part-time jobs ‘soon’
In its annual report, the governmental Implementation Support and Follow-Up Unit (ISFU) said the part-time job initiative aims to provide chances for Omanis to work part-time in the private sector.