Oman Telecommunications Company (Omantel), the Sultanate’s biggest telecommunication service provider, yesterday said its first quarter net profit fell 18.7 per cent to RO26 million, from RO32 million posted for the same period of last year.
27th April. Arab Digital Distribution (ADD) said on Wednesday it would broadcast the UK's royal wedding live to millions of subscribers across the MENA region.
The live broadcast will be available on ADD's First Net package of programmes and will be shown on ITV Granada, the company, one of the largest pay TV platform management companies in the Middle East.
27th April. A new generation of 3D laptops and televisions which do not require glasses will be available in Oman by July and December this year respectively. Muscat Daily has reported.
27, April. Muscat Aiming to provide e-services in order to improve its efficiency, Muscat Municipality is set to launch a number of online facilities, including the sale of parking coupons, payment of fines for parking violations and renewal of rent contracts.
27th April. HSBC Holdings plans to lay off up to 3% of its 12,000-strong workforce in the Middle East and North Africa as the lender seeks to cut costs to improve its competitiveness.
The Central Bank of Oman (CBO) Board of Governors on Sunday raised the target for Omanisation at lease and finance institutions from 75 per cent to 80 per cent by end-2012.
The increase in Omanisation ratio in non-banking finance companies and money exchanges is expected to create additional employment opportunities for local youths.
Omantel, the leading telecommunications company in Oman, has announced that it has entered into a partnership with Costa Coffee to provide wireless internet access (WiFi) in five main outlets namely, City Centre Qurum, City Centre Seeb, Madinat Sultan Qaboos, Bariq AL Shatti and Oasis Mall at Shatti Al Qurum .
Renaissance Services SAOG, a leading Omani multinational oil and gas services provider listed on Muscat Securities Market (MSM30), has declared to the Muscat bourse record financial results and presented the details of an initiative to publicly list the company’s largest subsidiary, Topaz Energy and Marine LLC, on the London Stock Exchange (LSE).
Samir J. Fancy, Renaissance founder and chairman, said in his statement to shareholders that the company was at the threshold of a “transformational change” and described the opportunity as a “seminal moment”.
The National Bank of Oman (NBO) plans to raise $600m from international markets through a Euro Medium Term Note (EMTN) programme or a bond issue, Times of Oman has reported. The bond issue will help the Sultanate's second biggest bank meet its medium-term lending needs. "The fund is for refinancing existing dollar loans and for meeting the requirements of Omani companies, especially for project finance," Humayun Kabir, general manager (Wholesale Banking) of NBO, said.
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