Oman’s net foreign assets increase by OMR990 mn in 2018
Increase in petroleum prices and exports are some of the major contributors to the rise in foreign assets...
Tag : Oman
Oman raises $3 billion through international bonds
The 5 year bonds and 10 year bonds received orders worth $14 billion from the investors...
Oman’s Dhofar wind farm to begin operations by 2019 end
The project is expected to offset 110,000 tonnes of carbon dioxide emissions every year...
HitecVision, Oman’s Petrogas to buy Total’s British oilfields for $635 mn
The portfolio includes Total’s oilfields in Dumbarton, Balloch, Lochranza, Drumtochty, Flyndre and Affleck...
Iraq to export crude to Oman; Arab nations to start shared refinery
Under the terms of a new MoU, Iraq will export crude to Oman and set-up storage facilities in both countries...
Logistics: The next wave of innovation in e-commerce
With e-commerce snowballing in the Middle East means: logistics in the region need advancements from a paradigm of old-fashioned techniques to drum up operations...
Oman to host blockchain conference next month
With blockchain, Oman plans to become a deeply digitized economy, with scope to involve more developmental activities under the ambit of this new technology...
Building a roadmap for the water industry at the Global Water Summit 2018
The conference comes at a time of widespread change for the sector with new finance sources, PPP opportunities, and US$100bn worth of plans for national infrastructure spend in key water markets...
Bahrain announces its newfound oil & gas reserve the largest in its region
The Kingdom of Bahrain procures 80% of its revenue from oil, and gets 150,000 bpd from the Abu Safa oilfield in part...
Oman’s appetite for Islamic finance products is growing
Islamic banking assets in the Gulf nation are projected to reach 10% of total banking assets by 2018 Camille Paldi March 31, 2016: In the Oman Vision 2020 framework issued by the government, the country proclaimed that it is determined to reduce its dependency on oil revenues through diversification of the economy. Al Maha Financial...