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.
COVID-19: Oman reports 1,010 new cases; tally at 40,070
Image Credit: Supplied Cairo: Oman Tuesday confirmed 1,010 new cases of the novel coronavirus, raising to 40,070 the country’s overall infections. The latest report, carried by the Omani news …
Nine sectors identified for PPP-based ventures in Oman
Oman is opening up opportunities for private sector investment in as many as nine key sectors under the government’s newly unveiled Public-Private Partnership (PPP) regulatory framework. Ranging from …
Oman weighs costs of bailout from Gulf neighbors
The erosion of Oman’s fiscal balance was discussed during high-level political meetings attended by Gulf officials, Bloomberg revealed. “Nothing has been decided,” but the sultanate could seek …
Covid-19: Oman announces 910 new cases
Oman’s Ministry of Health has detected 910 new confirmed cases of Covid-19, it was announced on Monday. In a statement quoted by the Oman News Agency (ONA), the country’s Ministry of Health announced …
SIDF signs two investment agreements to support SMEs in Oman
Source: Times of Oman Shumookh Industrial Development Fund (SIDF) signed two investment agreements with a total value …
Oman Welcomes Over 3.5 Million Visitors in 2019
The Sultanate of Oman welcomed more than 3.5 million tourists in 2019, which reflected an 8.14 per cent increase as compared to the number of visits reg …
Oman Honey Market to go online on Sunday
The 14th edition of the Oman Honey Market, a platform for all the honey enthusiasts, apiarists, and honey farmers will be opened online under the auspices of Dr Ahmed bin Nasser Al Bakri, …