BUSINESS NEWS

Digitalisation boosting efficiencies in Oman’s oil and gas sector

Digitalisation boosting efficiencies in Oman’s oil and gas sector
Muscat - 

As the oil and gas industry is facing intense pressure to improve operational efficiencies amid weak crude prices, major oil and gas firms around the world are increasingly adopting advanced digital technologies and big data analytics to better understand the potential in reservoirs and production, improve health and safety and boost efficiencies to improve their margins.

Omantel seeks bridge loan financing for acquisition of Zain Group stake

Muscat - 

Omantel is planning to finance the acquisition of a minority stake in Zain Group with a bridge loan facility, the company said on Wednesday.

Voltamp Energy bags RO34mn contracts from Qatar’s Kahramaa

Muscat - 

Voltamp Energy Company on Tuesday announced that its subsidiary Voltamp Oman Transformer Company has been awarded two contracts worth RO34mn for supplying electric transformers to Qatar General Electricity & Water Corporation (Kahramaa).

IMF to hold regional conference on promoting higher economic growth in Arab world

Muscat - 

The International Monetary Fund (IMF), Arab Monetary Fund (AMF), Arab Fund for Economic and Social Development (AFESD) and the government of Morocco will co-host a high-level conference in Marrakesh during January 29–30, 2018 on promoting higher economic growth, job creation, and inclusiveness in the Arab world.

CBO issues treasury bills worth RO35mn

Muscat - 

A tender of the government treasury bills, issue number 464, was held at the Central Bank of Oman (CBO). The total value of the allotted treasury bills amounted to RO35mn, for a maturity period of 91 days (from Wednesday until November 22).

TBY meets H E Sunaidy

TBY meets H E Sunaidy

Muscat - 

The Business Year (TBY) recently met H E Dr Ali Masoud al Sunaidy, Minister of Commerce and Industry, to discuss the sultanate’s current milestones and the preparations being made by the ministry for 2018.

Radisson Blu Hotels in Oman appoint new cluster general manager

Radisson Blu Hotels in Oman appoint new cluster general manager

Muscat - 

Radisson Blu Hotel, Muscat and Radisson Blu Hotel, Sohar announced the appointment of Tobias Ammon as the new cluster general manager.

Park Inn Duqm wins ‘Modern Luxury Hotel of the Year’ award

Park Inn Duqm wins ‘Modern Luxury Hotel of the Year’ award

Muscat - 

Park Inn by Radisson Hotel & Residence Duqm won the Luxury Travel Guide’s ‘Modern Luxury Hotel of the Year 2017’ award and ‘Manager of the Year Oman’ award for Nuno Neves, cluster general manager of Park Inn hotels in Oman.



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