The licence for the third mobile communications operator (from the local partners) is in the final stage and the announcement will be made early in 2019,...
Omantel’s share of the market now stands at 56 per cent and the company’s 4G network now covers 92 per cent of the inhabited areas in...
Oman Tower Company (OTC) signed two memoranda of understanding (MoUs) with Oman Telecommunications Company (Omantel) and Omani Qatari Telecommunications Company (Ooredoo) to build, lease and manage...
Oman Investment and Development Holding Company (Mubadrah) will develop Rusayl Industrial City, the first industrial estate to be managed and operated according to the private sector’s...
The 13-turbine project is set to be the Gulf region’s first large-scale commercial wind farm. Abu Dhabi-bases Masdar has announced the installation of the first turbine...
Saudi Real Estate Refinance Co., a unit of the kingdom’s sovereign wealth fund, set up an 11 billion-riyal ($2.93 billion) Islamic bond program to increase liquidity...
Dubai developer Kleindienst Group announced that it has sold out 85 per cent of the first phase of its $5bn Heart of Europe project on The...
The Government of the Sultanate of Oman, represented by the Ministry of Finance, and the Arab Fund for Economic and Social Development (AFESD) signed two loan agreements...
Sohar Port and Freezone signed an agreement with Sanvira Industries Limited to set up a calcined petroleum coke (CPC) plant in the freezone area. The signing...
Islamic banking entities provided financing to the extent of OMR3.5 billion at the end of September 2018, an increase of 20.7 per cent over OMR2.9 billion...