Oman Development Bank aims at disbursing OMR64m loans this year
Oman Development Bank and Al Rafad Fund have also reached an agreement for cooperating in processing of loans of the latter agency

Bank Dhofar considers various options for raising its capital
After on-going review of its capital raising plans, in their meeting on January 19, 2015, the board of directors of the bank concluded that the capital should be increased at the earliest opportunity

Central Bank of Oman launches new development bond issue
The size of the new issue is fixed at OMR200 million with a maturity period of 10 years and it will carry a coupon rate of 4.5 per cent per annum.

Fixed phone lines in Oman increase 5.7 per cent
Subscribers to fixed phone service stood at 371,357 at the end of November 2014 as against 351,411 at the end of December 2013, constituting a 5.7 per cent rise


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Fixed phone lines in Oman increase 5.7 per cent
Subscribers to fixed phone service stood at 371,357 at the end of November 2014 as against 351,411 at the end of December 2013, constituting a 5.7 per cent rise
Suez subsidiary bags $37 million landfill contract
Sita Al Basheer has won a contract to design, build and operate the expansion of the landfill site for five years
UK unveils award to attract Gulf-based retailers
Award seeks candidates who will benefit from a three-day programme of meetings with UK Trade & Investment specialist advisors and leading retail sector figures to help build their companies in the UK
Emerging markets rally on ECB’s stimulus move
Dollar-denominated RTS Index rose to the highest level in four weeks. An index of Hong Kong-traded Chinese mainland shares increased.
Official pegs Egypt’s chance of reaching FDI target at 80 per cent
Egypt is targeting $8 billion to $10 billion in outside investments during this fiscal year, up from $4.2 billion in 2014
Apple chief got twice his 2013 pay in 2014
Apple CEO’s package includes salary of $1.75 million and $6.7 million in non-equity incentive compensation for the fiscal year that ended in September, the company said in a filing with the SEC
Google planning to become wireless operator in the US
Google wants to offer service directly to consumers and will use Sprint’s wireless network, according to a person with knowledge of the matter.
Indian billionaires in battle for airwaves
An auction starting on February 25 may raise as much as $15.6 billion from telecom service providers including those controlled by billionaires Kumar Mangalam Birla, Sunil Mittal and Anil Ambani
India's Sensex rallies to new record for fourth day on ECB stimulus
The Sensex rallied 0.9 per cent to 29,278.84 at the close, taking the week’s increase to 4.1 per cent, the most since June.
Oman plans OMR100 million dairy plant in joint venture
Project is being promoted by state-owned Oman Food Investment Holding, with active equity participation from private sector, Salim bin Saif Al Abdali, said.
The Wave secures OMR75 million Bank Muscat property fund deal
Bank Muscat has agreed to purchase 230 residential apartments in 4 blocks to be known as ‘Marsa Parklands’ for OMR30 million
OETC new headquarters inaugurated in Mawaleh
It encompasses a campus that fulfills the company’s needs for a loading hub, warehousing spaces as well as recreation facilities for its employees
Tender Board awards OMR54 million worth tenders
The decision was taken by the board at its meeting presided over by Dr Rasheed bin Al Safi Al Huraibi, chairman of the Tender Board
Oman Development Bank disburses 4,639 loans
Value of projects financed by ODB reached OMR42.33 million in different production and service sectors
Oman stocks fall on weak sentiment
For the fourth straight trading session, Al Batinah Investment, up by 7.47 per cent, remained the top gainer, while BankDhofar, down by 2.23 per cent, was the top loser

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Three-day holiday and official mourning ordered by His Majesty Sultan Qaboos bin Said on death of Saudi's King Abdullah
Flags in Oman are also to be lowered to half-mast after His Majesty Sultan Qaboos bin Said has sent his condolences to Saudi Arabia on the death of King Abdullah this morning
Oman accidents: Indian couple killed in Seeb road crash, son battling for life
The deceased are identified as Mariama, 51, and Jose,60, from the South Indian state of Kerala
Saudi Arabia's King Abdullah dies, brother Salman takes the throne
A statement on state television announced that King Abdullah died this 1am morning.
His Majesty Sultan Qaboos mourns death of Saudi King, Fahd attends funeral
HM has declared a three-day holiday to mourn the Saudi King’s death with national flag to be lowered at half-mast
Agony of Salalah schoolgirl's suicide haunts parents
A father whose daughter committed suicide, tells Times of Oman that children should be brought up in such a way that they can face any situation and be prepared to handle adverse circumstances
Oman accidents: Expats victims’ bodies to be sent to India
Those who were injured in the accident, including the deceased couple’s son, are recovering
Sayyid Fahd heads to Saudi Arabia to offer condolences on the death of King Abdullah
On behalf of His Majesty Sultan Qaboos bin Said, His Highness Sayyid Fahd bin Mahmoud Al Said, Deputy Prime Minister for Cabinet Affairs is heading to Saudi Arabia
Boko Haram kills 15 villagers in Nigerian city
Boko Haram fighters have killed 15 villagers near Maiduguri, the city which is the epicentre of the extremist group’s six-year insurgency
Thousands in Yemen rally against Houthis
Thousands of Yemenis took to the streets of Sanaa Saturday in the biggest protest yet against a Houthi militia takeover of the capital that has plunged the country into turmoil
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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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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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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Omani female students better than males in honing skills
Omani female students are far ahead of their male counterparts in learning and acquiring skills, said an English Language Teaching consultant
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Shelter from the storm of abuse for women in Oman
With cases of domestic violence against women on the rise, the Ministry of Social Development has opened a facility for abused women
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Persons of Indian Origin to get life-long visas
Persons of Indian Origin can enjoy the same privileges as Overseas Citizenship of India
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Oman's Parakh wins top Indian honour
Based in Oman for the last 36 years, Parakh has been involved in various social and philanthropic activities.
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Oman outspends Dubai in 2015 budget
Oman’s population is almost twice the size of Dubai, but it is spending almost twice as much per head than the emirate
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11 killed in Paris shooting at newspaper office
Black-hooded gunmen shot dead at least 11 people at the Paris offices of the satirical newspaper Charlie Hebdo, a publication firebombed in the past after publishing cartoons lampooning Muslim leaders
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