Business


Nawras logs OMR18.7m net profit as revenue surges 10 per cent in Oman

by Times News Service
Greg Young. – Supplied photo
Total revenues for the first half increased to OMR108.2m, compared to OMR98.4m for the same period last year. The growth is driven by rise in both fixed and mobile data revenues

read more
Oman explores aquaculture boost to up non-oil exports
Development strategy of aquaculture adopted by the Ministry of Agriculture and Fisheries is supported by a budget of $1.3b, which will create thousands of job opportunities for locals

Investments in power, energy to help industries in Oman
Planned investments in power generation and distribution as well as upstream oil and gas along with its emphasis on increasing ‘In-Country Value’ will see further development

Jet-Etihad combine eyeing profit by 2017
India’s carrier forecast yesterday a return to profit in three years through cost-cuts, route-sharing with Etihad Airways and restructuring of debt

Muscat Securities Market index ends higher
United Finance was the most active in terms of volume as well as turnover. Oman National Engineering was the top gainer on Wednesday


More in Business
Business news briefs July 24
Business news briefs July 24
Saudi’s plan to open market sparks sukuk speculation
Saudi Arabia’s plan to open its $531 billion stock market to foreigners is prompting speculation that Islamic bonds will be next
Sensex at record high, gains 121 points
The benchmark Sensex yesterday rose 121 points to end at a new closing high of 26,147.33 extending its winning run to seventh session, its longest since September 2012
Indian rupee rises
Indian rupee appreciated by 15 paise to close at over one-week high of 60.09 against the American unit following bullish local equities and sustained capital inflows
Eurozone debt rises sharply
The 28 European Union states are supposed to keep total public debt below the equivalent of 60 per cent of annual economic output, while annual budget deficits must not exceed 3.0 per cent
Saudi Arabia’s Petromin mulls initial public offering
Petromin, the Middle East’s oldest lubricants company, may sell shares to the public next year after Saudi owner Dabbagh Group cancelled a proposed 20 per cent stake sale, two people familiar with the
Egypt slashes sale of bond
Egypt issued less than a fifth of the debt it planned to sell as investors’ demand for yield raised borrowing costs to the highest in a year after the central bank increased interest rates last week
Libya crude output slips
Libya’s oil resources have often been targeted by armed groups since 2011 to push the government for financial or political gain
Indian rupee appreciates
The rupee resumed higher at 60.25 per dollar as against the last closing level of 60.30 per dollar at the Interbank Foreign Exchange (Forex) Market.
Indian stocks gain 311 points
Improving macroeconomic indicators, monsoon progress and positive global cues have also supported the buoyancy in the domestic markets
HSBC Bank Oman posts net profit of OMR5.7 million
Bank’s net profit fell by 38.7% in the first half of 2014 over the same period last year, when large recoveries and release of a portion of the general provision had helped jack up profits
Ithraa discusses challenges to boost exports of Omani firms
The working group will share its expertise, knowledge and the experience of its members who represent different sectors to enhance Oman’s export capabilities.
Bank Muscat all set for smooth services during Eid holidays
The bank has taken measures to ensure ATM/CDM network is fully geared to serve the needs of customers. The 24/7 call centre is also geared to provide assistance
Oman stock market ends higher
GCC & Arab investors switched to net buyers for OMR94,000 followed by foreign investors for OMR43,000 while Omani investors were net sellers for OMR137,000 worth of shares
Saudi Arabia to open stock market to foreigners in first half of 2015
The Capital Market Authority will publish next month rules for participation by qualified foreign financial institutions in the market, CMA said in a statement on its website

POPULAR IN TIMES
Update: CCTV video shows young person's scooter behind Mawaleh petrol station blaze
A CCTV footage of Mawaleh fuel station fire on late Sunday night confirmed that the fire spread from a scooter first, while the rider was kicking it hard to start it after filling petrol
Duqm Airport’s early start a big boost for trade in Oman
Regarded as Oman’s fastest growing economic hub, Duqm is expected to become a gateway for investments
Air Algerie loses contact with plane over west Africa
The airline announced that the plane had gone missing in a brief statement carried by national news agency APS
Stroke-hit expat fights odds in Oman's ICU
Nazmul Haque, a blue-collar worker from Bangladesh, is facing uncertainty in the hospital
Iran nuclear talks to resume in early September: state TV
Iran says it is only refining uranium to fuel nuclear power plants or research reactors, not to develop a nuclear weapons capability as the West suspects
Apple profit up as China sales surge
Apple quarterly profit climbed with strong demand for iPhones, particularly in China where the California company's revenue surged.
Diabetics need to exercise caution during the month of Ramadan
Diabetes patients are at a risk of high sugar, low sugar, acute sugar complications, blood stickiness and severe dehydration during the fasting
Oman explores aquaculture boost to up non-oil exports
Development strategy of aquaculture adopted by the Ministry of Agriculture and Fisheries is supported by a budget of $1.3b, which will create thousands of job opportunities for locals
Movie Review: Chennai Express
SRK unleashes all his charm and experience over the years into his character and comes up with a winning performance
Are Facebook friends our real friends?
‘I have 935 friends on Facebook, but only 5 in real life’. Are you one of them? Are real friends so hard to find in real life?
His Majesty issues Royal Order for Renaissance Day holiday; Eid holidays announced for public, private sectors in Oman
The statement released by the Ministry said that the owners of businesses and workers can agree for compensation for work during these holidays
17 Comments
Oman's Ministry plans cure for sick leave abuse
Amidst rising complaints on the misuse of sick leave facility, Ministry of Health plans to prescribe bitter pills to end the practice
4 Comments
Indian Parliament debates Gaza
Congress leader Ghulam Nabi Azad slammed the government for not taking up the Gaza issue last week
3 Comments
Oman calls for united Arab action to end Israeli agression, alleviate suffering of Palestinians
Majlis Al Shura Chairman Al Ma’awali calls for united Arab action to end the Israeli aggression and alleviate the sufferings of the Palestinians
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
Untold suffering in Gaza City
From inside Gaza a father tells his powerful story to Times of Oman. Read his words and weep
2 Comments
Search for AIDS cure pushes ahead despite setbacks
Scientists on Saturday vowed to press ahead with their quest for a cure for AIDS, despite losing a veteran colleague and suffering a setback in research.
2 Comments
How to deal with difficulties of life
Doing nothing never solves a problem but rather compounds it. You must confront people to stop them trampling all over you. If they don’t stop it, no matter who they are, just turn your back on them
2 Comments
Adhaan - The Call to prayers
Adhaan is a stirringly evocative symbol of Islam calling Muslims to prayers.
2 Comments
Fire at a fuel station in Mawaleh creates panic (video)
Fire at a fuel station in Mawaleh created alarm in the area, late Sunday night
1 Comments
Indian Parliament debates Gaza
Congress leader Ghulam Nabi Azad slammed the government for not taking up the Gaza issue last week
3 Comments
Fire at a fuel station in Mawaleh creates panic (video)
Fire at a fuel station in Mawaleh created alarm in the area, late Sunday night
1 Comments
Untold suffering in Gaza City
From inside Gaza a father tells his powerful story to Times of Oman. Read his words and weep
2 Comments
His Majesty issues Royal Order for Renaissance Day holiday; Eid holidays announced for public, private sectors in Oman
The statement released by the Ministry said that the owners of businesses and workers can agree for compensation for work during these holidays
17 Comments
Oman Road Safety Association celebrates Qaranqashow with message of road safety
ORSA recently organised awareness activities at the Shangrila Barr Al Jissa Hotel and Resort, celebrating Qaranqashow with the aim of raising awareness among children and families while using roads
1 Comments
Oman calls for united Arab action to end Israeli agression, alleviate suffering of Palestinians
Majlis Al Shura Chairman Al Ma’awali calls for united Arab action to end the Israeli aggression and alleviate the sufferings of the Palestinians
3 Comments
His Majesty’s website wins laurels
The website highlights His Majesty’s achievements during the past four decades, and contributions as a visionary leader in shaping policies, both at regional and global levels
1 Comments
Ignorance of law is no excuse for complaint: Oman legal expert
Times of Oman, in association with Khalifa Al Hinai Legal Consultants, will answer the legal queries of readers every Monday. Questions can be sent to readersclub@timesofoman.com
1 Comments
Search for AIDS cure pushes ahead despite setbacks
Scientists on Saturday vowed to press ahead with their quest for a cure for AIDS, despite losing a veteran colleague and suffering a setback in research.
2 Comments
Kannur airport to start by 2015-end
Kannur international airport is expected to see its first aircraft landing on its runways by December 2015, said Kerala Chief Minister Oommen Chandy.
1 Comments




LATEST IN TIMES