Business


Oman's Haya Water to invest OMR100m annually to build sewage projects

by ELHAM POURMOHAMMADI
Eng Said Rashid Al Asmi. Photo - Supplied
A total investment of around OMR2.2 billion had been evisaged for the implementation of projects between 2002 and 2025, said a top-level company official

read more
FRiENDi plans to unveil 4G service in Oman
The third largest mobile service provider in the Sultanate mulls launching fourth generation of mobile service within a year, besides setting up exclusive stores in different regions

Oman’s 2014 corporate earnings may grow 6.2 per cent
While UAE’s earnings growth for full year of 2014 is forecast to be robust at 15.5 per cent, Bahrain earnings are expected to grow by 1.9 per cent, says report

Schleupen to deploy risk management systems at Oman Oil
The Sultanate’s energy investment arm has partnered with Schleupen to provide sophisticated risk management services to its member companies

Oman's share index falls marginally
Al Madina Investment, which gained 3.23 per cent, was the top gainer, while the top loser of the day was Oman Telecommunications Co.


More in Business
Oman’s 2014 corporate earnings may grow 6.2 per cent
While UAE’s earnings growth for full year of 2014 is forecast to be robust at 15.5 per cent, Bahrain earnings are expected to grow by 1.9 per cent, says report
Smart rise in GDP pushes India's Sensex, Nifty to new peak
The Sensex on Monday again rode to an all-time high and continued its north-bound journey for the seventh straight session to end up by over 229 points at 26,867.55
ATM focuses on $140 billion family travel market
Arabian Travel Market 2015 will focus on family travel segment as new figures reveal annual average growth of 4.75 per cent, valuing market at $180 billion by 2018
Omran to award two hotel contracts at Oman Convention and Exhibition Centre in September
Omran is now evaluating the bids (financial and technical submitted by contracting firms) for a five-star and a four-star hotel, said a senior executive of Omran
Omani products expo in Salalah evokes good response
The six-day Omani Products Exhibition at Lulu Hypermarket in Salalah was part of the national campaign to promote locally manufactured products
Iran to soon start supplying natural gas to Oman: Iran oil minister
Gas negotiations with Oman are over and as both sides have agreed, Iran will export 20 million cubic metres of gas per day to Oman in the near future, the oil minister said
HSBC Bank Oman appoints locals to key posts
Both roles will play an integral part in maintaining strict corporate governance and compliance while delivering the bank's strategic business objectives
Wipro plans to expand presence in Oman
Wipro Gulf LLC, the entity established in 2011 in Oman to serve local clients, has been growing rapidly over the last three years, delivering critical projects in the Sultanate
Oman’s share index moves up marginally
The MSM 30 Index closed at 7,367.16 points, a gain of 0.08 per cent. MSM Shariah Index closed at 1,072.13, up by 0.13 per cent
Russia’s car show could be a damp squib
The latest models gleam at the Moscow car show, but Russian sales have dropped because of the Ukraine crisis
Moving cargo activities from Muscat to Sohar critical for tourism, industrial development: Cluttons
The Government’s deadline for receiving container, cargo and project materials vessels at Port Sultan Qaboos is August 31, 2014, after which they would be transferred to Sohar Industrial Port
Next big bailout for US banks could be forced by cyber-attack
Even if customers don’t lose money from a hacking assault on JPMorgan Chase, the episode is a reminder that banks with the most sophisticated defences are vulnerable
Tender for Rusayl Industrial Estate expansion floated
The last date for distributing tender documents is September 29, while the tender will be opened on October 27
Savings and deposits in Oman’s banks rise
According to Oman’s central bank, quasi-money witnessed a growth of 8.5 per cent. The share of quasi-money to the total money stock declined to 63.9 per cent in June 2014
EU to discuss jobs, growth at summit in Italy
French President Francois Hollande called for a ‘relaxing’ of the European Central Bank's monetary policy

POPULAR IN TIMES
Rent rise notice sends tenants in Muscat into a tailspin
Many house owners in densely populated areas of Ruwi, Al Khuwair and Ghubra have pasted notices demanding 20 to 30 per cent hike in rents and failure to pay would lead to eviction
Indian School Muscat students to get tablets
The initiative will not only ease the workload of teachers, but also enable parents to keep a tab on their children’s education. However, the parents will have to shell out the money for the tablets
Football: Manchester United reach agreement to sign Blind
Blind, 24, was in United coach Louis van Gaal’s World Cup squad in Brazil, where he helped Holland reach the semifinals, and can play at left-back and as a defensive midfielder.
Egypt court commutes Muslim Brotherhood spiritual guide’s death sentence to life term
An Egyptian court sentenced Mohamed Badie, general guide of the outlawed Muslim Brotherhood, and seven others to life in prison on Saturday for inciting violence during protests last year
Oman school bus accident: Don’t let my boy’s death be in vain, pleads father
Abdul Haq, whose son died in a tragic bus crash seven months ago, has taken it upon himself to create road safety awareness
Al Shebab militia in bomb, gun attack on Somali intelligence office
A car bomb was detonated outside the National Intelligence Centre and was followed by a raid by gunmen disguised in national army uniforms.
Omran’s new projects to help boost domestic tourism in Oman
Oman Tourism Development Company, Oman’s tourism development and investment arm, has been taking a series of initiatives to develop domestic tourism
Pakistani expat worker loses his battle against meningitis in Oman
A Pakistani blue collar worker died on Saturday after battling against suspected meningitis at the Royal Hospital’s intensive care unit, an official from the Pakistani Embassy said
Movie Review: Chennai Express
SRK unleashes all his charm and experience over the years into his character and comes up with a winning performance
Sunday Beat: Population growth outstrips employment opportunities in Oman
Thirty years ago, 100 per cent of graduates with degrees in various disciplines had jobs waiting for them. Last year, just 40 per cent of the graduates were recruited within the same time lapse
Omani, expat dead in horrific Muscat flyover crash
Eyewitnesses claimed that the accident took place around 4 pm near OK Centre in Ruwi in which one citizen and one expatriate died in the crash
12 Comments
Indian expat dies in road accident in Samail
P Najeeb, the victim who hailed from the Indian state of Kerala was working for a private firm in Nizwa
6 Comments
Video: Oman students take ‘ice bucket challenge’
The campaign has gone viral, as some of the most famous people in the world, from pop stars to senior politicians, having participated by having buckets of ice water poured over their heads
3 Comments
Movie Review: Chennai Express
SRK unleashes all his charm and experience over the years into his character and comes up with a winning performance
3 Comments
Indian School Muscat students to get tablets
The initiative will not only ease the workload of teachers, but also enable parents to keep a tab on their children’s education. However, the parents will have to shell out the money for the tablets
2 Comments
Football: Manchester City stunned as Diouf gives Stoke shock win
The corner led to Diouf’s extraordinary goal which, in turn, handed Stoke added belief that they could record their first top-flight win at City in 34 years.
2 Comments
Football: Arsenal can still thrive without Giroud, says Wenger
Giroud has been ruled out until the New Year with a broken tibia suffered in the final moments of last weekend’s 2-2 draw at Everton.
2 Comments
Oman healthcare sector facing crunch of medics
With health facilities booming in Oman, there has also been an upswing in the quality of treatment, in view of the growing competition
2 Comments
Oman's consumer protection body warns against hike in price of goods
Public Authority for Consumer Protection (PACP), has warned against any increase in prices of commodities or services at any of the commercial centres without the consent of the public authority
2 Comments
Oman asks PDO to raise oil production to 600,000bpd
Government has asked the majority state-owned Petroleum Development Oman to raise its crude output from its long-term plateau of 500,000-550,000bpd
2 Comments
Football: Manchester City stunned as Diouf gives Stoke shock win
The corner led to Diouf’s extraordinary goal which, in turn, handed Stoke added belief that they could record their first top-flight win at City in 34 years.
2 Comments
Indian School Al Ghubra organises Sanskrit session
Indian School Al Ghubra, organised an interactive session for students of Sanskrit with Dinesh Kamat, all-India organising secretary of Samskrita Bharati
1 Comments
Pakistani expat worker loses his battle against meningitis in Oman
A Pakistani blue collar worker died on Saturday after battling against suspected meningitis at the Royal Hospital’s intensive care unit, an official from the Pakistani Embassy said
1 Comments
Iran to soon start supplying natural gas to Oman: Iran oil minister
Gas negotiations with Oman are over and as both sides have agreed, Iran will export 20 million cubic metres of gas per day to Oman in the near future, the oil minister said
1 Comments
Oman school bus accident: Don’t let my boy’s death be in vain, pleads father
Abdul Haq, whose son died in a tragic bus crash seven months ago, has taken it upon himself to create road safety awareness
1 Comments
Indian School Muscat students to get tablets
The initiative will not only ease the workload of teachers, but also enable parents to keep a tab on their children’s education. However, the parents will have to shell out the money for the tablets
2 Comments
Football: Arsenal can still thrive without Giroud, says Wenger
Giroud has been ruled out until the New Year with a broken tibia suffered in the final moments of last weekend’s 2-2 draw at Everton.
2 Comments
Brightly coloured structures give lives a new meaning in Indian village
More than 100 new toilets were unveiled on Sunday in a poverty-stricken and scandal-hit village of Badaun in northern India, where vulnerable women have long been forced to defecate in the open
1 Comments
Garments worth OMR18,000 gutted in Muttrah shop fire
Garments worth thousands of rials were destroyed when a shop caught fire in the tailoring and garments shop lane behind Muttrah police station on Friday morning
1 Comments
Kerala cabinet ratifies new excise policy
Several matters, including issues related to parlours and clubs, have to incorporate in the new policy, Chief Minister Oommen Chandy told reporters during cabinet briefing
1 Comments




LATEST IN TIMES