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VIDEO: Oman set to float bonds worth OMR200 million in first week of December and other top stories

by Times News Service
Business news roundup in around 60 seconds

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Central Bank of Oman plans to issue OMR200m in new bond sale
The central bank executive president said that any investor residing in Oman can apply for the bond issue and the minimum subscription has to be for 100 bonds

Oman ranks fifth in economic freedom
The ranking is out of 22 members of the Arab League in the economic freedom of the Arab World 2014 report, launched the Arab World Conference in Amman, Jordan

Oman’s inflation rises in October
Food and non-alcoholic beverages rose by 1.04 per cent, while housing, water, electricity, gas and other fuels grew by 0.24 per cent. Education costs recorded an increase of 4.51 per cent

Jindal SAW closes club facility worth OMR48.75 million
Commercial Bank of Dubai, Commercial Bank International, Emirates NBD and Mashreqbank were the mandated lead arrangers and book runners


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Asian bankers call for focus on complementary role
Asian Bankers Association conference called for an increased complementary role among banking institutions to gain from the business opportunities offered by Asia
Oman inks concession pact with Medco Arabia, Intaj
These companies will explore oil and natural gas in block 56, which is spread in an area of 5,808 square kilometres in Al Wusta Governorate
Central Bank of Oman seeks to ensure ample liquidity level
The report issued by the central bank said the Narrow Money Supply recorded a significant increase of 18.1 per cent at the end of September 2014, compared with the same period in 2013
World’s ultra-rich getting much richer, UBS study reveals
The report said 211,275 million people qualify as “ultra-high net worth” – those with assets above $30 million
Iran vows to ‘safeguard’ its share of crude market
Iran’s crude output has languished under international economic sanctions that deter foreign energy investors and limit its exports to approximately one million barrels a day
Alibaba raises $8b in first US bond offering
The Hangzhou, China-based company, which raised a record $25 billion in an initial public offering in September, will use proceeds to refinance some credit agreements
Singapore moves to regulate taxi booking apps
Singapore’s Land Transport Authority said the apps will have to apply for a three-yearly “certificate of registration” starting from the second quarter of next year
India's Sensex at new high on hopes of further big-bang reforms
The S&P BSE benchmark Sensex resumed better and touched a life-time intra-day high of 28,360.66 before settling at new peak of 28,334.63
Kotak Mahindra acquires India’s ING Vysya for $2.4b
The transaction will create India’s fourth-largest private sector bank, Billionaire Uday Kotak said, and his branch network will almost double
Oman signs concession pact with Medco Arabia, Intaj for developing block 56
Oman’s Ministry of Oil and Gas on Thursday signed a concession agreement with Medco Arabia and Intaj for exploring and developing block 56, which has crude oil and natural gas deposits.
Bank Sohar to issue OMR40 million rights shares in 2015
Bank Sohar had earlier planned to issue a mandatory convertible bonds worth OMR70 million, but later had to scrap the plan and instead opt for a OMR40 million rights issue
WJ Towell showcases business opportunities at forum
WJ Towell familiarised visitors with the group’s business opportunities in small and medium enterprises (SMEs), as well as their future efforts
Asian bankers’ meet to discuss ‘Reinventing modern-day silk route’
More than 100 leading bankers and banking regulators from around the Asia-Pacific region have converged on Oman to attend the 31st Asian Bankers Association (ABA) conference
Muscat shares edge up
Sharqiyah Desalination, which gained 4.26 per cent, was the top gainer, while Bank Muscat lost the most, down by 1.14 per cent
Mercedes’s new Maybach version competing with Bentley, Rolls-Royce
The new sedan is a foot longer than the standard S-Class and will cost less than €200,000 ($250,800) when it reaches showrooms in February.

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Missing Indian boy in Muscat found
The 12-year-old missing boy is a Class VI student of Indian School Darsait
Ban on firm over Oman National Day fireworks error
The company responsible for the fireworks display at the National Day has been banned after the firecrackers exploded close to a group of people
Indian man found dead in Oman
The body was first found by his sponsor, social workers informed
OMR5,000 bonanza for Oman national football team players
Oman Football Association Chairman Sayyid Khalid bin Hamad Al Busaidi dedicated the national team’s victory over Kuwait in the 22nd Gulf Cup to His Majesty Sultan Qaboos bin Said
Oman crime: ROP seizes arms cache in Dhofar
In another raid, customs officials of the central mail department seized 49 banned items last October
Five-star Oman, UAE qualify for Gulf Cup semi-finals
Oman secured their first win in nine Gulf Cup matches since they clinched the title in 2009
Cruise industry booming as tourists flock to Oman
Picturesque locations, renowned hospitality and rich heritage have all contributed to the tidal wave of tourist arrivals in the Sultanate
Test cricket: Pakistan hold firm to draw second Test against New Zealand in Dubai
Chasing 261 for victory, Pakistan were 196 for five when the teams agreed to a draw in fading light, with Shafiq (41) and first-innings centurion Sarfraz Ahmed (24) unbeaten at the crease
Voluntary blood donations rising in Oman
‘Replacement donations’ are being phased out and substituted by voluntary blood donations, says a medic from the Ministry of Health
We must stay focussed, says Oman football team coach Le Guen
Oman plays Qatar in the first semi-final (6:45pm Oman time) on Sunday, while hosts Saudi Arabia will take on United Arab Emirates in the second match (10:00pm Oman time)
Omantel working to resolve network glitch
From about 1.30pm today a number of Omantel subscribers have not able to make phone calls or use the Internet
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Sohar airport opens, first flight lands at the airport
Like Duqm airport, the early operations at Sohar airport were started even before completing the terminal building of this green field airport
9 Comments
Ooredoo celebrates National Day with free calls in Oman
Customers will be able to activate the offer on 17th November
8 Comments
Missing Indian boy in Muscat found
The 12-year-old missing boy is a Class VI student of Indian School Darsait
6 Comments
Sunday Beat: Why thousands of Omanis quit jobs in private sector?
The process of Omanisation is not just to find an Omani national a job but it is about staff retention and career progression
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Omani taxi driver who sums up honesty
Saeed has been working as a taxi driver since 1985 and despite facing hardships at times, he has never ever kept valuables that passengers forget in his car
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Companies violating Oman consumer protection laws might be named and shamed under proposed law
With PACP reporting rising consumer law violations, wary people are demanding harsher penalties for the perpetrators in the amended law
3 Comments
Muslims discovered Americas: Erdogan
Muslims discovered America in 1178, not Christopher Columbus, the Turkish president said in a televised speech
3 Comments
Oman's National Day holiday announced
Minister of the Diwan of Royal Court announced National Day holidays
2 Comments
Ban on firm over Oman National Day fireworks error
The company responsible for the fireworks display at the National Day has been banned after the firecrackers exploded close to a group of people
1 Comments
Ban on firm over Oman National Day fireworks error
The company responsible for the fireworks display at the National Day has been banned after the firecrackers exploded close to a group of people
1 Comments
Voluntary blood donations rising in Oman
‘Replacement donations’ are being phased out and substituted by voluntary blood donations, says a medic from the Ministry of Health
1 Comments
Missing Indian boy in Muscat found
The 12-year-old missing boy is a Class VI student of Indian School Darsait
6 Comments
VIDEO: His Majesty Sultan Qaboos bin Said addresses the nation
His Majesty expressed his happiness and thanked the people of Oman for their wishes and prayers.
119 Comments
Oman National Museum set for trial launch
Select visitors will be invited to the museum during the trial to observe the operations in the museum of the information system, security and safety, showcases, graphic designs and visitors’ services
1 Comments
Sohar airport opens, first flight lands at the airport
Like Duqm airport, the early operations at Sohar airport were started even before completing the terminal building of this green field airport
9 Comments
Times of Oman Quiz: Daily Prize Challenge - Day 19
Test your knowledge and enter the Times of Oman Quiz 2014 every day to stand a chance of winning a prize.
6 Comments
Oman signs concession pact with Medco Arabia, Intaj for developing block 56
Oman’s Ministry of Oil and Gas on Thursday signed a concession agreement with Medco Arabia and Intaj for exploring and developing block 56, which has crude oil and natural gas deposits.
1 Comments
Companies violating Oman consumer protection laws might be named and shamed under proposed law
With PACP reporting rising consumer law violations, wary people are demanding harsher penalties for the perpetrators in the amended law
3 Comments
Prince Harry's tribute to Oman's Sultan Qaboos Grand Mosque
Prince Harry was shown around the stunning mosque by a member of the Diwan Higher Centre for Culture and Science
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