News
Electricity Company In Oman Ordered To Pay Over RO800,000 To ONEIC
Muscat: An unnamed electricity company based out of the Sultanate has been ordered to pay over RO800,000 to the Oman National Engineering and Investment Company (ONEIC) in a recent court ruling.
Details of the case were made public by the Muscat Securities Market (MSM) on November 8, but the name of the company has been withheld.
The total payable amount of the case – which pertains to a billing contract – amounts to RO804,727.
The MSM statement reads: “The Court of Appeal has passed on 8/11/2020 a judgment in the favour of ONEIC pertaining to the case filed by ONEIC versus Electricity Company for the sum of RO 804,727.
“This amount is the current claim related to a billing contract and shall has (sic.) no effect on the financial results.”
INVESTIGATION: What If You Bought Apple Stock Every Time You Bought an iPhone?
OPINION: Apple’s AED 8,499 iPhone Duo Puts UAE Consumers’ Appetite for Premium Devices to the Test
Here’s Everything Apple Launched: iPhone Duo, iPhone 18 Pro, New Watches, AirPods 5 & Siri AI
What Is This Wind-Powered Giant That Just Arrived in Oman?
GALLERY: HM The Sultan Inaugurates New Headquarters of Internal Security Service in Dhofar
OPINION: Space Stocks Gain Momentum as Investors Search for the Right Price
The Sultanate of Oman & Republic of Rwanda Sign Two Agreements, Six MoUs
Amr Baabood: Oman Climate Week Is About Moving From Climate Ambition to Climate Action
Electric vs Petrol: Which Is Actually Cheaper to Run in Oman?
How Much Will It Cost to Charge an Electric Car in Oman?
Power And Beyond: The Path To A Low-carbon Future
Al Mouj Muscat unveils Ghadeer Villas
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Hospitality Industry in Oman Estimated 90% Growth in 2022
Renewables are booming, but not fast enough to cap greenhouse emissions
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
Technology to drive Sultanate’s downstream industry
Digitization and Logistics Service Providers Can Help SMEs Make the Most of Peak Season Retail Trends
Amr Baabood: Oman Climate Week Is About Moving From Climate Ambition to Climate Action
Mayan Al Asfoor on Leadership, Legacy and Empowering Omani Talent
LEADERSPEAK: Dhofar Insurance CEO Sunil Kohli on Oman’s Insurance Sector, Reinsurance & Market Outlook
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
The Future of Oman: Decoding The Sultanate of Oman’s Strategic Promotional Nation Brand
EXCLUSIVE: AI, Robotics & Wearable Sensors are Changing the Lives of Dementia Patients
EXCLUSIVE: Talking Renewable Projects & Sustainability in Oman and Beyond with Vipul Tuli
VIDEO: Eng. Salim Al Thuhli, CEO, Khazaen Economic City on Investment Opportunities
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
VIDEO: Talking Latest Developments in Aircraft Ground Guidance & More at Oman Airports
-
Banking & Finance2 months agoBank Muscat posts net profit of RO137.49 million in H1 2026
-
Magazines3 weeks agoOER Magazine July Edition 2026
-
Highlights4 weeks agoOERLive: Top 10 Mathematical Problems AI Has Solved or Transformed
-
Banking & Finance2 months agoOman Housing Bank launches digital waiting list for housing loans
-
Magazines3 weeks agoAl Mar’a Magazine July 2026
-
Alamaliktistaad Magazines3 weeks agoAlam Al-Iktisaad Magazine July 2026 Edition
-
Banking & Finance1 month agoOman Arab Bank CEO Sulaiman Al Harthi Retires as Ali Al Mani Is Named Successor
-
Banking & Finance1 month agoOERLive ANALYSIS: The Coldcard Hack Shows Why Bitcoin Self-Custody Remains Difficult for Ordinary Users