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Oman is planning to pay off 512 million rials ($1.33 billion) of financing this month ahead of its due date as the sultanate benefits from higher oil prices and fiscal and governance reforms, Zawya reports citing state-run Oman News Agency. Read more
Sultan Haitham bin Tariq Thursday replaced long-serving Oil minister Mohammed bin Hamad Al-Rumhi in the latest cabinet shake-up. Rumhi had been Oil minister for over two decades and was replaced by Salem al-Aufi. The new oil minister of the Gulf Read more
Bahrain and Oman inked Tuesday a parliamentary cooperation agreement to strengthen relations between the two countries, Zawya reports. Parliament Speaker Fouzia Zainal and Oman’s Shura Council chairman Shaikh Khalid bin Hilal Al Mawali signed the memorandum of cooperation. The deal Read more
Jamal Hassan Al-Musawi, secretary-general of Oman’s National Museum, has received the Star of Italy, the country’s highest civilian award, Arab News reports. Al-Musawi received the honor from the European country’s Ambassador to Oman Federica Favi at a ceremony in Read more
Shrimp Nation, the largest seafood restaurant chain in Saudi Arabia, plans to open its first branches in the UAE with an investment value of AED 10 million ($2.72 million), Trade Arabia reports. “We are delighted to expand and open branches Read more
Galfar Engineering & Contracting, Oman’s leading construction firm has announced it has landed a contract valued $195 million for the implementation of part of the prestigious The Sustainable City – Yiti project, reports say. The company will build a Plaza, Read more
Gulf insurer National Life and General Insurance Company (NLGIC), a subsidiary of investment holding firm Oman International Development and Investment Company (Omnivest), has signed deals to fully acquire Royal & Sun Alliance Insurance Middle East, Zawya reports, citing a disclosure. Read more
Oman’s Small and Medium Enterprises Development Authority (Riyada) has announced plans to launch an e-commerce program soon to register 100 small and medium enterprises on Amazon platform, in an effort to deliver their products and services to the world, Zawya Read more
Oman will use its high revenues from oil to pay the country’s public debt, the country’s ruler Sultan Haitham bin Tariq Al Moazam has said, according to Zawya. “Oil and energy prices started to rise and reached record numbers, and Read more
UAE-based Oman Insurance has acquired the life insurance portfolio of Italian insurer Assicurazioni Generali in the UAE, Zawya reports. Oman Insurance said in a statement on Monday said it landed the acquisition of Assicurazioni Generali in the Gulf country adding Read more