Freezone Sohar attracts OMR240m investment from 26 projects
As many as 26 projects are coming up at the free zone and a total of 325 hectares of the first phase have been already committed (or occupied) by these industries

Sohar Port signs pacts for flour mill, logistics centre
The new project is part of a strategic move to achieve self-sufficiency in essential food products, Jamal Aziz, chief executive officer of Sohar Freezone, said.

Private deposits at Oman’s commercial banks rise 16 per cent
The central bank bulletin pointed out that the total value for these deposits stood at OMR11,155.5 million that include OMR10,319.5 million and OMR836 million in foreign currencies.

ahlibank loans and advances grow 26 per cent in 2014
Net profit after tax increased by 9 per cent to OMR25.1 million in 2014, as compared to OMR23 million in the previous year


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Bank Muscat board proposes 45 per cent dividend
The Board of Directors proposed a dividend of 45 per cent, 25 per cent in the form of cash, 5.0 per cent in the form of bonus shares and 15 per cent in the form of mandatory-convertible bonds
Ooredoo net profit up 14.5 per cent, revenues rise 12 per cent
Omani Qatari Telecommunications Company, achieved a net profit of OMR37.9 million for the year ended December 2014 compared to OMR33.1 million in 2013
ahlibank loans and advances grow 26 per cent in 2014
Net profit after tax increased by 9 per cent to OMR25.1 million in 2014, as compared to OMR23 million in the previous year
NBO proposes cash and stock dividend
Board of directors has recommended a cash dividend of 17 per cent and a stock dividend of 10 per cent for year ended December 2014
Bank Sohar full year net profit rises 11 per cent
Net profit is 11.19 per cent higher than the previous year’s net profit of OMR26.871 million
Opec’s oil output rises as key members stand firm
Supply from Opec has averaged 30.37mbpd in January, up from a revised 30.24mbpd in December, according to survey based on shipping data and information from sources at oil companies and Opec
Abu Dhabi awards Total 10 per cent stake in $22 billion oil project
Abu Dhabi, the largest of the seven emirates that make up UAE, plans to increase total production capacity to 3.5 million barrels a day by the end of 2017 from about three million now.
Facebook chief executive officer plans to increase spending
The company said that spending will jump 55 per cent to 70 per cent in 2015, narrower than the 50 per cent to 75 per cent range that it projected in October.
Apple expands its presence in China
The Cupertino, California-based company is recruiting for store workers in Guangzhou, Shenyang, Tianjin, Nanjing and Dalian, advertisements posted Thursday on the company’s website showed
India’s Sensex tumbles 499 points on heavy selling in banking sector
Sensex declined to 29,070.48 on profit-booking ending at 29,182.95, disclosing a sharp fall of 498.82 points or 1.68 per cent from its last close.
Markets brace for rocky ride after ECB plays its last card
Having cut interest rates to zero and adopted a range of other unconventional monetary and exchange rate policies the cost of money further and spur risk-taking and growth is waning
Oman plans red meat project to raise self-sufficiency
Proposed company is planning to import sheep and cows from Tanzania and Sudan and set up slaughtering houses in both Tanzania and Oman
The Wave, Muscat awards OMR16.2 million contract to Al Turki
Al Turki Enterprises will construct 99 villas for The Wave, Muscat known as Reehan Residences
National Business Centre, Oman Oil to expand business incubator
Agreement aims to develop joint cooperation in supporting SMEs and instilling the concept of entrepreneurship
Oman stocks decline
The top gainer was United Finance, up by 7.14 per cent, while Oman & Emirates Holding, down by 4.72 per cent, lost the most

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Video: Final moments of ambulance crash into truck captured by road camera in Oman
READER WARNING: This video contains graphic footage of the accident, viewers of a sensitive disposition should make a decision whether to watch.
Where does the fat go when you lose it?
Losing weight requires unlocking the carbon stored in fat cells, thus reinforcing that often heard refrain of ‘eat less, move more’
Water supply to be disrupted in Muscat for 3 days
The new pipeline will replace the old (600) mm pipeline which suffered from numerous breaks and leaks that resulted in the interruption of water supply
Women being ‘followed’ on Oman roads
Many women claimed they were followed from their home to different towns and cities and only when their family intervened, rowdies disappeared
Ambulance driver did not die before crash: Royal Oman Police
Royal Oman Police (ROP) has refuted rumours that the driver of the ambulance that crashed into a truck last week had died just before the accident.
Major cabinet shake-up in Saudi Arabia
In a sweeping shakeup, Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia has replaced the heads of intelligence and other key agencies
Oman accidents: Indian woman dies from burn injuries after car hits electricity pole
Khadeeja, the Indian woman, died in the car, her son and another survivor are battling for life.
Gunmen attack two Americans in Saudi Arabia, one hurt
Gunmen fired at two US citizens on Friday on a road in oil-rich Eastern Province, leaving one wounded, in the fourth anti-Western attack in Saudi Arabia in as many months, police said
Cricket: Oman win ACC T20 title, clinch ICC world qualifier spot
Aamir Kaleem helped Oman beat Kuwait in the top of the table clash on the final day of the Asian Cricket Council T20 Cricket Tournament at the Sharjah Cricket Stadium, on Friday
Oman accidents: Last rites of family killed in Buraimi crash held
The Omani family was returning to Wadi Jizzi from Buraimi after meeting their relatives. The vehicle had reportedly developed some mechanical problem and went out of control
Video: Final moments of ambulance crash into truck captured by road camera in Oman
READER WARNING: This video contains graphic footage of the accident, viewers of a sensitive disposition should make a decision whether to watch.
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NOC for sale: OMR2,000 price tag for No Objection Certificate in Oman
Expatriate employees claim on social media that their bosses are asking huge sums to give them a No Objection Certificate
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NOC for sale: OMR2,000 price tag for No Objection Certificate in Oman
Expatriate employees claim on social media that their bosses are asking huge sums to give them a No Objection Certificate
1 Comments
Video: Final moments of ambulance crash into truck captured by road camera in Oman
READER WARNING: This video contains graphic footage of the accident, viewers of a sensitive disposition should make a decision whether to watch.
1 Comments
Expats and experts convince Royal Oman Police to do U-turn on traffic fine plan
Earlier an official at ROP had confirmed to Times of Oman that its new policy meant that expatriates leaving Oman on business or vacation, or for good, had to settle their unpaid traffic fines
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Weather update: Rescue services fume as rain warnings ignored in Oman
Despite the warnings, both Royal Oman Police and PACDA were besieged with calls
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Air India Express enhances baggage limit for Oman flights
The airline has also introduced promotional fares from Muscat to Kochi and Thiruvananthapuram. Air India Express currently operates weekly 19 flights from Muscat to Kerala and Mangalore daily
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