MarketsMSCI Kuwait upgrade to boost ETFs and equitiesInternational Finance DeskDecember 20, 2019January 24, 2020 by International Finance DeskDecember 20, 2019January 24, 2020 The move is expected to generate billions of dollars of inflows into the Kuwait market... Read more
BankingBank Muscat to launch $100 mn strategic fintech programmeInternational Finance DeskDecember 17, 2019 by International Finance DeskDecember 17, 2019 The programme will ensure top class services and digital innovations across all segments... Read more
EnergyChina’s State Grid buys 49% stake in Oman electricity UtilityPritam BordoloiDecember 16, 2019January 24, 2020 by Pritam BordoloiDecember 16, 2019January 24, 2020 State Grid paid $1 bn to Oman’s Electricity Holding Company for the stake in Oman Electricity Transmission... Read more
AviationOman denies report of the establishment of a new airlinePritam BordoloiOctober 24, 2019November 1, 2019 by Pritam BordoloiOctober 24, 2019November 1, 2019 Earlier, it was reported that a new airline will be formed to take over Oman Air’s domestic operations... Read more
AviationNew Omani airline to take over Oman Air’s domestic opsPritam BordoloiOctober 22, 2019 by Pritam BordoloiOctober 22, 2019 Oman Air will focus on the global market where it competes against the likes of Emirates and Etihad... Read more
HealthcareOman to develop its first medical city for OMR479 mnPritam BordoloiOctober 11, 2019 by Pritam BordoloiOctober 11, 2019 The city will be built in the Barka region and in four different phases... Read more
TelecomVodafone signs MoU with ministry to begin operations in OmanInternational Finance DeskSeptember 6, 2019December 17, 2019 by International Finance DeskSeptember 6, 2019December 17, 2019 Vodafone will become the third telecom service provider in Oman after Omantel and Ooredoo Oman... Read more
EconomyOman’s net foreign assets increase by OMR990 mn in 2018International Finance DeskAugust 27, 2019December 12, 2019 by International Finance DeskAugust 27, 2019December 12, 2019 Increase in petroleum prices and exports are some of the major contributors to the rise in foreign assets... Read more
EconomyOman raises $3 billion through international bondsInternational Finance DeskAugust 19, 2019March 18, 2020 by International Finance DeskAugust 19, 2019March 18, 2020 The 5 year bonds and 10 year bonds received orders worth $14 billion from the investors... Read more
EnergyOman’s Dhofar wind farm to begin operations by 2019 endInternational Finance DeskAugust 14, 2019 by International Finance DeskAugust 14, 2019 The project is expected to offset 110,000 tonnes of carbon dioxide emissions every year... Read more