Business


New MSM Sharia index debuts on Sunday

by ONA
The Sharia-compatible standards, according to AAOIFI, include two levels: business activities criteria and financial criteria. — ONA
The sample from the new index includes 30 public companies listed on MSM, and whose activities are compatible with the requirements of Sharia regulations approved by AAOIFI
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Bank Muscat opens new branch in Bidaya
The new branch would be providing world class banking services in the area, which is witnessing a significant development

Oman’s medical insurance shows maximum growth
In terms of market share, medical insurance constitutes 17 per cent of total insurance premium

BankDhofar posts OMR10m net profit in first quarter
BankDhofar announced that its net profit fell by 68.5 per cent to OMR10.22 million in the first quarter of 2014, from OMR32.44 million posted for the same period last year.

Subscribers of fixed-line phone service in Oman increase
The number of subscribers of phone Internet services at the end of February 2014 stood at 4,121, compared to 4,388 during 2013, a decline by 6.1 per cent


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Bank Muscat’s net profit leapfrogs 59% to OMR40m
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Shipping lines set to move to Sohar
Oman government has set a deadline of August to ensure all commercial activities at Muscat port to be shifted to Sohar Port and Freezone
National Centre for Statistics and Information to conduct foreign investment survey in Oman
The survey aims to identify other sectors within the Sultanate that have attracted low levels of foreign investment.
Samsung curved television makes a mark in region
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