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.
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 …