Top Oman News

Gulf Stocks Mixed Amid Quiet Trading

Stock markets in the Gulf states closed mixed on Monday amid quiet trading as investors digested two months of heavy losses in the wake of the global financial turmoil. AFP - 01Dec 13:42GMT
IHG signs agreement to develop first resort in Oman

OMRAN, the Government of Oman's tourism & development executive arm, and Intercontinental Hotels Group (IHG) have announced the signing of an agreement to develop Crowne Plaza Duqum Resort, the second Crowne Plaza resort in the Sultanate of Oman. Press Release - 01Dec 11:33GMT
Barclays Wealth: Improvement In MENA Environment For Entrepreneurs

A new report published by Barclays Wealth and the Economist Intelligence Unit (EIU), entitled "The Entrepreneur in Adversity", reveals that the MENA region has seen the largest improvement in the environment for entrepreneurship over the past decade. Press Release - 01Dec 11:05GMT
Regional travel within ME rises

While travel has become more localised within the Middle East, there is also a shift away from business class flying, as travellers respond to fears of a recession, according to YouGovSiraj's survey - Travel Tracker. Emirates Business 24/7 - 01Dec 05:50GMT
'Future Of Micro Finance In Mideast Promising'

Low risk, good returns and a low volatility would drive growth of micro finance as an asset category in the region amid the ongoing financial crisis. Emirates Business 24/7 - 01Dec 05:29GMT
Nawras makes broadband offer on 3G+ anniversary

Nawras is celebrating one year of successfully providing 3G+ services in the Sultanate with an offer of two months' free Broadband Internet subscription for every customer purchasing a new Nawras Broadband Internet modem or router. Oman Daily Observer - 01Dec 05:14GMT
FRiENDi mobile to launch its operations soon

The benefits a mobile reseller can bring to the industry and more importantly to the end-users in the Sultanate are huge, senior officials of FRiENDi mobile said. Times of Oman - 01Dec 05:04GMT
Gulf Arabs Told Not To Help Out Struggling Economies

Rich Gulf Arabs should not be propping up the world's struggling economies nor the World Bank or IMF (International Monetary Fund), according to a recent poll in the Middle East, commissioned by the Doha Debates. Press Release - 30Nov 12:55GMT
Iran proposes joint nuclear plants with Gulf states

Iran on Sunday proposed developing nuclear power plants jointly with neighbouring Arab states in the Gulf, amid international pressure on Tehran to halt its sensitive atomic work. AFP - 30Nov 12:06GMT
EFG-Hermes signals end of huge financial gains era in Gulf Banking Sector

(Arabic) A report by EFG-Hermes signals the end of the huge financial gains era in the Gulf Banking Sector. The report also issues a BUY recommendation on First Gulf Bank and Emirate NBD. Al-Arabiya - 30Nov 12:03GMT

The Toolbox

Projects

Name	Oman RAEC - Duqm Power Station - Phase 4
Country	Oman
Value	USD 60,000,000 (estimated)
Industry	Power and Water \| Power Transmission & Distribution, Substation
Status	EPC - Bid Submission
Completion	2009
The bids for phase 4 were submitted on December 1st and the award is expected in Q1 2009.
» View Full DetailsUpdated: 01Dec08

Funds

Supported by

Leading Fund

Fund	Vision Emerging Oman Fund
Geographic Focus	Oman
Fund Manager	Vision Investment Services Company
NAV	0.94 OMR \| 30Nov08
YTD Returns	- 28.95%
Vision Emerging Oman Fund is the leading fund in Oman on the Funds Monitor in terms of 1-Month returns.
» View Full Details

Video

Omantel In Running For Iran Mobile Licence

Arabic language (0:38)
Omantel qualifies for 2nd round of tender for operating 3rd Iranian Mobile Telecom Network - 30Nov

» Watch Video | More Videos

Companies

Series of Unfortunate Events

Kuwait Airways Corporation has had a series of unfortunate events that stood in the way of its growth and recovery plans. Its latest plan to privatize through an IPO has been halted due to the current global financial crisis.

» Profile | Officers | News

Community Buzz

Stories in Oman

Most read stories by Community in the last 24 hrs

1	Salary Increases To Fall To 9% in GCC
2	'Future Of Micro Finance In Mideast Promising'
3	Barclays Wealth: Improvement In MENA Environment For Entrepreneurs
4	Gulf Stocks Mixed Amid Quiet Trading
5	IHG signs agreement to develop first resort in Oman
6	Inflation Rate In GCC To Decline In 2009
7	Gulf Arabs Told Not To Help Out Struggling Economies
8	Regional travel within ME rises
9	FRiENDi mobile to launch its operations soon
10	Iran proposes joint nuclear plants with Gulf states

Companies in Oman

Most viewed companies by Community in the last 24 hrs

Company Name	Country	Industry
Saud Bahwan Group	Oman	Multi-line
Ministry of Housing - Oman	Oman	Ministries and Municipalities
Oman Petrochemical Industries Company	Oman	Petrochemicals
Al Turki Enterprises	Oman	Construction and Design
Bank Sohar	Oman	Banking
Ministry of Higher Education - Oman	Oman	Ministries and Municipalities
Omani Qatari Telecommunications Company	Oman	Telecommunications Services
Oman Investment Corporation	Oman	Investment Firms and Funds
National Bank of Oman	Oman	Banking
Oman Oil Company	Oman	Investment Companies - Oil and Gas

Projects

Most viewed projects by Community in the last 24 hrs

Project Name	Country	Sector
Dubai RTA - Dubai Metro - Purple Line	UAE	Infrastructure
Emirates Aluminium (EMAL) - Smelter Complex	UAE	Industry
Qatar Foundation - Sidra Hospital	Qatar	Real Estate
IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP)	UAE	Oil and Gas
KNPC - Al Zour Refinery	Kuwait	Oil and Gas
Qatalum Aluminum Smelter	Qatar	Industry
Abu Dhabi Municipality - Salam Street and Mina Road Development	UAE	Infrastructure
Nakheel - Dubai Waterfront	UAE	Real Estate
Ras Tanura Integrated Refinery and Petrochemicals Complex	Saudi Arabia	Oil and Gas
ADCO - SAS Field Development	UAE	Oil and Gas

Blogs

Most read blogs by Community in the last 24 hrs

1	It's not enough for Muslims to be revolted by terror
2	Off topic – The National - Human testing
3	How Does the Current US Recession Size Up?
4	A SWOT Analysis On Real Estate
5	No proxy for GCC single currency

Economy & Politics
Peace Initiative
Why is the Arab peace plan, which was still-o in 2002, receiving sudden attention these days?

Economy & Politics
$1tr Economic Bloc
GCC economies surged by about $90 billion in 2007 and are projected to gain $277bn this year to hit $1 trillion.

Financial Services
Revenues Lost
Plummeting equity markets, log-jammed credit business and real estate correction are combining to undermine banking fees.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Oman Telecommunications Company	Oman	3,345
2	BankMuscat	Oman	2,426
3	National Bank of Oman	Oman	1,196
4	Bank Dhofar	Oman	754
5	Raysut Cement Company	Oman	678
» View Full List

Related Information

Companies in Oman

Select from 512 companies

EIU Research On Oman Economy & Sectors

Key Developments20Nov08

Background:

Political Structure20Nov08

Economy:

Economic Background28Apr08

Country Risk Summary21Nov08

Country Outlook13Nov08

Economic Structure20Nov08

Quaterly Economic Indicators20Nov08

Manufacturing28Apr08

Operating Risk:

Overview20Oct08

Forecast Data08Feb07

» View Full Report

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