Oxford Business Group is pleased to announce its media partnership with the Oman Transport Infrastructure Summit which will be held on 10 – 12 September, in Oman. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, Oman Transport Infrastructure Summit 2012 - The Sultanate’s only high-level networking event for executives and…
Islamic financial products, first authorised by the Omani government in 2011, are set to take off later this year, with the banking, real estate and insurance sectors all expected to see benefits. However, competition is also forecast to increase as both sharia-compliant and conventional banks vie for customers.Bank Nizwa, the first bank granted authorisation to roll out Islamic financial products,…
The utilities sector is turning to private and foreign investors to help spur the growth needed to meet local demand. The construction of 16 power and water projects worth $3.1bn is slated to increase water desalination capacity in the country, as well as improve wastewater treatment and conservation awareness.According to the latest seven-year statement of the Oman Power and Water Procurement Company…
Efforts to expand the reach of broadband internet to encompass the entire country are expected to help Oman meet the needs of its growing economy, but the sheer size of the country and the scope of laying out necessary infrastructure present significant challenges.On June 9, Ahmed Bin Mohammed Al Futaisi, the minister of transport and communications, set out the government’s mid-term aims regarding…
With Muscat having been named the Arab Tourism Capital for 2012 and the country becoming increasingly popular with visitors from around the globe, Oman’s tourism sector is gaining more attention from local and international investors who are building new hotel and property developments. To go along with the accommodation offerings, though, there is also a need for additional entertainment and leisure…
Higher-than-forecast oil revenues should allow Oman to sustain economic growth for the rest of the year, as well as put its budget into the black. There is, however, a serious caveat. A weakening of global markets and any delays to the state’s efforts to strengthen its economic base could negatively impact year-end figures.On June 12 Hamoud bin Sangoor Al Zadjali, the executive president of the Central…
In a move that is expected to strengthen food security in Oman, the Public Authority for Stores and Food Reserves (PASFR) announced in late May that it was planning to standardise the prices of certain essential items in different parts of the Sultanate.Such an initiative has already gone into effect in the Muscat region, where staple food items in supermarkets have been set at uniform prices. Now…
After a period of relative inactivity, Oman’s stock exchange, the Muscat Stock Market (MSM), could be about to see heightened activity with the listing of a number of important companies keenly anticipated.Of the 168 companies currently listed on the MSM, 51 operate in the financial sector, representing almost one-third of firms on the bourse. It is the industrial sector, however, that dominates…
Oxford Business Group is pleased to announce our media partnership with the Oman Islamic Banking and Finance Conference which will be held on 5-6 June, in Oman. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, Oman Islamic Banking and Finance Conference 5 – 6 June 2012 Grand Hyatt , Muscat Sultanate of Oman OITE Conferences…
Oxford Business Group is pleased to announce our media partnership with the Transport, Shipping and Logistics Conference-TransOman Conference 2012, which will be held on 28th-29th May, 2012 at Grand Hyatt in Muscat, Oman. In this respect we send you the following message from the conference organisers: TransOman Conference 2012 28th-29th May, 2012 Grand Hyatt, Muscat Sultanate of Oman Dear Oxford Business…
