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Yemen rial continues to decline despite central bank injections
Source : Khaleej Times  
Date : 2010-07-31
Yemen’s rial fell further against the US dollar as the central bank pumped $ 57 million into the exchange market, the latest of a series of cash injections to support...
Oman-China trade at $ 12bn
Source : Oman Daily Observer  
Date : 2010-07-31
Shaikh Abdullah bin Saleh al Saadi, Sultanate’s Ambassador to China, has said that trade exchange between the Sultanate and China is on a rising trend and has recently touched more...
Certificates of deposit tender
Source : Oman Daily Observer  
Date : 2010-07-31
Certificates of deposit (Issue No 679) tender was held at the Central Bank of Oman (CBO) last week. The total amount allotted was RO 507 million....
Quantity of oil used at OORPC falls
Source : Oman Daily Observer  
Date : 2010-07-31
The quantity of oil used at Oman Oil Refineries and Petrochemicals Company (OORPC) declined by 21.6 per cent to 11,775,800 barrels during the first five months of 2010, as compared...
Investment Stabilisation Fund declines in Q2
Source : Oman Daily Observer  
Date : 2010-07-31
The Investment Stabilisation Fund (ISF), set up last year as a joint public-private sector initiative to help bolster the stock market, declined marginally by 0.8 per cent to reach a...
Sohar Poultry rights issueon Aug 10
Source : Oman Daily Observer  
Date : 2010-07-31
Sohar Poultry Company SAOG has set August 10, 2010 as the ‘record date’ for the company’s proposed rights issue of RO 1,000,000....
Dhofar Fisheries Q2 net loss declines
Source : Oman Daily Observer  
Date : 2010-07-31
Dhofar Fisheries Industries Company SAOG (DFICO) achieved a turnover of RO 682,132 during the three months ended June 30, 2010, compared to RO 172,740 achieved during the same period of...
Sale of equity interest in AES Barka to be concluded soon
Source : Oman Daily Observer  
Date : 2010-07-31
The proposed sale transaction of AES Oasis’s indirect shareholding interest in AES Barka to ACWA Power International is expected to be concluded in the near future, the power and water...
BankMuscat board approves H1 financial results
Source : Oman Daily Observer  
Date : 2010-07-31
BankMuscat, the leading financial services provider in the Sultanate, on Thursday announced the financial results, approved by the board of directors, for the six-month period ending June 30, 2010....
UK aviation solutions provider wins Oman contract
Source : Oman Daily Observer  
Date : 2010-07-31
NATS Services has signed a contract with Oman’s Ministry of Transport to deliver a far-reaching project that will fundamentally redesign its airspace in order to increase capacity, efficiency and safety...
Made-in-Dubai camel milk chocolate crosses desert
Source : Khaleej Times  
Date : 2010-07-31
Camel milk never tasted this good. Now chocolate made from milk of the ‘ship of the desert’ is going global, thanks to Al Nassma Chocolate LLC, a Dubai-based company....
Kuwait's crude oil exports to Japan hit 2-year low
Source : Kuwait News Agency  
Date : 2010-07-30
Kuwait's crude oil exports to Japan plunged 47.1 percent in June from a year earlier to 4.86 million barrels, or 162,000 barrels per day (bpd), for the sixth consecutive monthly...
Shell sees Qatari LNG, GTL units ramp up in '11
Source : Gulf Times  
Date : 2010-07-30
Major construction work at the Qatargas 4 liquefied natural gas (LNG) facility and Pearl GTL, the world’s largest gas to liquids plant, will be completed by year end, with production...
Oman plans $ 300m Sohar plant revamp
Source : Gulf Daily News  
Date : 2010-07-30
Oman will spend $ 300 million on increasing capacity at its Sohar refinery in the northeast of the country, in line with expansion across its energy industry, a government official...
Makkah Metro ready to serve Haj pilgrims
Source : Zawya  
Date : 2010-07-30
Riyadh The Makkah Metro will begin operating this Haj at 33 per cent capacity, transporting local and GCC pilgrims in its first phase, Saudi Haj Minister Fouad Abdul Salam Al...
QIC set to float life and health subsidiary
Source : The Peninsula  
Date : 2010-07-30
Qatar Insurance Company (QIC), the country’s largest underwriter, is set to launch a new subsidiary specialising in life and medical insurance before the end of this year, QIC Group President...
Union National Bank eyes profit growth
Source : Gulf Daily News  
Date : 2010-07-30
UAE's Union National Bank (UNB) expects to maintain profit growth for the rest of the year after a 25 per cent rise in second-quarter net profit missed forecasts due to...
ISX ends week with slight up to close at 92.7 points
Source : Zawya  
Date : 2010-07-30
The Iraqi Stock Exchange (ISX) ended this week with a slight up of 0.1% to close at 92.7 points as rates of shares of 10 out of a total 38...
Iran trade sanctions hit Dubai port
Source : BBC NEWS  
Date : 2010-07-30
Back to the days when the city was little more than a trading port of pearls, spices and gold, long before it struck oil and thus changed beyond recognition....
Alstom in Iraq power plant deal
Source : Gulf Daily News  
Date : 2010-07-30
French engineering group Alstom signed an initial agreement to build a power plant that could cost up to $ 2 billion in southern Iraq, French Ambassador Boris Boillon said yesterday....
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