http://www.made-in-oman.com made-in-oman.com: Gulf market Place http://www.made-in-oman.com/fluxrss/logo_rss.png http://www.made-in-oman.com http://www.made-in-oman.com/data_5/even_detail.php?id=3713 ]]>                    The Contract Services Group (CSG) of Renaissance Services SAOG has formed a joint venture in the United Arab Emirate of Abu Dhabi under the name Renaissance Facilities Management Services LLC. The new company will provide catering, cleaning and facilities management services to onshore and offshore oil and gas compani... Wed, 03 Nov 2010 12:27:07 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3712 ]]>            Qalhat LNG yesterday inaugurated its new head office building at a special ceremony held under the auspices of Ahmed bin Abdulnabi Macki, Minister of National Economy and Deputy Chairman of the Financial Affairs and Energy Resources.Shaikh Alfadhel al Harthy, Under-Secretary of the Ministry of National Economy for Development Affairs, and Chairm... Wed, 03 Nov 2010 12:19:26 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3711 ]]>                   In bringing affordable yet fashionable mobile phones for the tech-savvy in the sultanate, National Telephone Services (NTS) recently introduced the super stylish Huawei phones at a star studded press conference in the capital. Huawei is a leader in providing next-generation telecommunications network solution... Wed, 03 Nov 2010 12:14:40 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3710 ]]>                           The Public Authority for Electricity and Water (PAEW) will shortly sign a strategic partnership agreement with global water utility operator Veolia Water to help boost the efficiency and reliability of the country's vast potable water transmission and distribution network.According to a... Wed, 03 Nov 2010 12:09:06 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3709 ]]>          Value-added tax (VAT) is very much on the agenda of GCC countries and might be introduced in the next few years, according to a report in a Qatari daily, quoting officials from tax consultancy KPMG, which was among the participants in an ongoing regional tax conference in Doha."It [VAT] is on the agenda and has been discussed at high level within the GCC. I... Tue, 02 Nov 2010 12:06:37 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3708 ]]>             Raysut Cement Company yesterday said that the decision to purchase the UAE-based Pioneer Cement Industries is aimed at increasing the capacity of Raysut as a largest cement producer in the Sultanate, and to enhance its leadership role -- locally and regionally as a major player in the region."This is in line with its future strategies and... Tue, 02 Nov 2010 12:24:12 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3707 ]]>                          Nawras, which sold 40 per cent of its stake at 702 baisas per share to investors, rose 5.41 per cent to close at 740 baisas on its first day of listing yesterday. However, the 'marginal appreciation' dampened the spirit of retail investors, who were anticipating a fabulous gain on listing, and said... Tue, 02 Nov 2010 12:16:38 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3706 ]]>A Memorandum of Understanding (MoU) was signed yesterday in the Office of the Wali of Al Amerat to establish a Community Knowledge Center (CKC) in the wilayat, in the presence of Shaikh Mohanna Saif Hamad al Mawaly, Wali of Al Amerat, Dr Salem Sultan al Ruzaiqi, ITA's Chief Executive Officer, and guests, shaikhs and CKC project administrators.The MoU was signed in pursuit of the Community IT... Tue, 02 Nov 2010 12:07:56 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3705 ]]>The closing date for the submission of bids for three onshore blocks offered by Oman's government in its latest bid round has been extended by a month, according to the Ministry of Oil and Gas.Expressions of Interest (EoIs) against Blocks 66, 67 and 39, were originally due in by October 31, 2010, but the deadline has now been pushed back to November 30, 2010.The extension was necessitated by a de... Tue, 02 Nov 2010 12:03:58 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3704 ]]>                   Hawkamah, The Institute for Corporate Governance and the Union of Arab Banks (UAB) yesterday announced the winners of the “Hawkamah-UAB 2010 Bank Corporate Governance Award”, a regional initiative aiming at recognising and  honouring Arab banks that have gone the extra mile in improving their corporate governance practices.... Mon, 01 Nov 2010 12:34:51 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3703 ]]>BankDhofar, voted the number one bank in Oman, recently sanctioned credit facility to Iskan Oman Investment Co LLC for a prestigious project (Phase I) undertaken by them at Salalah.Iskan Oman recently launched "Zahrat Al Khareef", Dhofar, a first-of-its-kind real estate project in Salalah, in a glittering ceremony held in Salalah. Phase 1 of the construction consists of 218 living units in a mix... Mon, 01 Nov 2010 12:12:29 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3702 ]]>             The Summit on the Global Agenda to be held in Dubai from November 29 to December 1, 2010 presents a unique opportunity for social, political and business leaders across the world to benchmark key developmental issues against global realities, according to His Excellency Sultan Bin Saeed Al Mansouri, UAE Minister of Economy.Mr Al Mansouri and His Exc... Mon, 01 Nov 2010 12:58:05 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3701 ]]>               Oman will receive its first iron ore pellets consignment for its first integrated steel plant at Shadeed Iron & Steel at the Sohar Industrial port company. This first consignment of 31,500mt iron ore pellets which is the major raw materials used in the production of hot briquetted iron (HBI), is being received in the bulk carrier 'MV... Mon, 01 Nov 2010 12:43:43 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3700 ]]>              The two-way trade between Oman and the United Kingdom, barring defence sales, is projected to grow remarkably at £600 million this year, a senior embassy official said. “The UK's exports of goods and services to Oman grew by 25 per cent to £462 million during January-August period of this year. Oman's exports to the UK increased by 16 per... Mon, 01 Nov 2010 12:28:46 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3699 ]]>              KnowledgeOman.com, has launched an iPad version of its website portal, www.knowledgeoman.com/ipad, as the first iPad ready website in the Sultanate.KO iPad is a dedicated link specifically developed to allow visitors and members to easily access, view and share knowledge via the community portal (www.knowledgeoman.com) using their iPad devices... Sat, 30 Oct 2010 12:27:14 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3698 ]]>        Oman Oil Company SAOC (OOC), which owns a 40 per cent stake in Sohar Aluminium, is hopeful that a long-standing proposal to expand the capacity of the $2.4 billion smelter will come to fruition. On Wednesday, a top executive of the state-owned company which has major investments in the energy, petrochemicals and industrial sectors, revealed that moves to... Sat, 30 Oct 2010 12:18:47 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3697 ]]>          Nawras shares, which is being offered at 702 baisas a stock, will be listed on the Muscat Securities Market (MSM) on Monday, the local bourse said. The initial public offering (IPO) has raised RO182 million through a five-week long share offer, which closed subscription on October 21. The MSM, in a circular, said that the listing price is 702 bais... Sat, 30 Oct 2010 12:10:00 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3696 ]]>         Limited quotas to export rare earths from China has driven a secondary market where the price of the permits are higher than the price of the minerals themselves, a Chinese industry expert said. China sharply cut quotas to export rare earths in the second half of this year, after leaving them unchanged in the first half, catching international trad... Sat, 30 Oct 2010 12:48:29 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3695 ]]>          Eng. Ahmed bin Saif Al Mazrouy, the general manager of Majan Electricity said that the company is investing RO25 million per annum in the implementation of investment projects and extension of power networks. The company seeks to improve service in order to allow these networks to serve the largest base in all sectors, he added. In a statement, Al... Sat, 30 Oct 2010 12:25:16 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3694 ]]>           The government is expected to decide soon on how to position Port Sultan Qaboos in Muscat, following a study conducted by international consultancy agency Atkins. "The first study is nearly complete and the government will announce its decision soon," Said bin Hamdoon Al Harthy, undersecretary for Ports and Maritime Affairs, Ministry of Transport... Thu, 28 Oct 2010 12:29:30 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3693 ]]>           Oman's landmark foray into renewables enters a key phase with the government planning to launch the competitive process for the procurement of a large-scale solar power project during the first half of next year.The state-owned power offtaker Oman Power and Water Procurement Company (OPWP), which oversees the procurement of all new power and related water... Thu, 28 Oct 2010 12:16:37 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3692 ]]>        Japan's third-largest automaker Nissan yesterday unveiled its first full step into the hybrid market with its Fuga luxury sedan, as it warned of 'crisis' in a market battered by a strong yen. The model is the company's first electric-gasoline hybrid using its own system for the mass market and will  be launched in Japan next week. The Altima sedan hybrid... Thu, 28 Oct 2010 12:47:07 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3691 ]]>         Nawras, in consultation with the market watchdog Capital Market Authority (CMA), yesterday decided to fix the final price of its 260-million share offer at 702 baisas a share, market sources told 'Times of Oman'. Market operators said that the total subscription touched slightly higher than 275 million shares and 80 per cent of the demand was from within the... Thu, 28 Oct 2010 12:15:50 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3687 ]]>             Specialists in providing solutions for all cargo charter enquiries, Air Charter International once again managed to resolve a difficult situation with their extensive industry knowledge and experience.With this in mind, a leading petroleum company approached the sales team at Air Charter International to help source an aircraft to carry 5750 Kg of... Wed, 20 Oct 2010 12:10:47 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3686 ]]>     Muscat Capital, the investment banking subsidiary of BankMuscat in Saudi Arabia, will be formally inaugurated by Sheikh Abdurahman Al Jeraisy, chairman of Riyadh Chamber of Commerce, today. The ceremony will be attended by diplomats, dignitaries, senior government and private sector officials, chairman, chief executive and top management team of BankMuscat. Muscat Capita... Wed, 20 Oct 2010 12:46:32 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3685 ]]>       Australian specialists use Big 5 PMV to tell fleet managers “Don't disregard operating costs in pursuit of results”Dubai, UAE, 20th October 2010:  UAE and Middle East construction firms still trying to shrug off the effects of the economic downturn can save millions of dirhams through more effective management of their plant and vehicle fleets, an industry expert s... Wed, 20 Oct 2010 12:19:59 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3682 ]]>                   National Bank of Oman (NBO), the third-largest lender in the sultanate, saw its third-quarter net profit rise 16 percent but the results fell short of analyst expectations.The bank's net profit climbed to 7.1 million rials ($18.44m) based on Reuters calculations, from 6.12 million a year ago, missing analysts average expectation... Tue, 19 Oct 2010 12:26:36 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3681 ]]>              There are new initiatives that are being undertaken by the leading Oman residents and the expatriates to bolster the socio-economic factors in the Oman's economy. One of these is a highly motivated initiative being spearheaded by the Karnataka Business Forum (KBF), that aims to forging new business tie-ups for investment in Indian project... Tue, 19 Oct 2010 12:17:11 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3680 ]]>        The Ministry of Education, Sultanate Of Oman, unveiled the 'Galileo' Mobile Science Laboratory at the Oman Laboratory Exhibition on 16 October 2010 during the inauguration ceremony presided over by His Excellency The Minister For Education, Yahya Saud Al Sulaimi.The Galileo is yet another high quality product from the United Kingdom and is designed and manufacture... Tue, 19 Oct 2010 12:01:26 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3679 ]]>            NETGEAR, a worldwide provider of technologically advanced branded networking and storage products, has launched its latest line of Wireless N Router, 3G Wireless Router and a Wireless Router with a built-in DSL mode during GITEX Technology Week 2010, which is currently on its second day at the Dubai International Convention and Exhibition Centre. Des... Mon, 18 Oct 2010 12:36:50 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3677 ]]>                 Nawras is delighted to be on the shortlist for the prestigious award of Mobile Operator of the Year, from the multi-content telecommunications consortium SAMENA.  This is the latest industry endorsement of this customer-friendly company's successful pursuit of its core values to be caring, excellent and pleasingly different in ser... Mon, 18 Oct 2010 12:19:32 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3676 ]]>          The Kuwait branch operations of BankMuscat, the leading financial services provider in the Sultanate, will be formally inaugurated today, under the auspices of Sheikh Ali Al Jaber Al Sabah, governor of the Capital of Kuwait. The ceremony will be attended by diplomats, dignitaries, senior government and private sector officials, chairman, chief executiv... Mon, 18 Oct 2010 12:01:28 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3675 ]]>                   His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, officially opened Gitex Technologly Week today, celebrating the 30th anniversary of one of the world's top three ICT events.Accompanying His Highness Sheikh Maktoum were VIP dignitaries from various governmental organisations, and the Chief... Sun, 17 Oct 2010 12:45:36 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3674 ]]>                         Etihad Airways has launched 'Etihad MULTIFLYER', an offer that has been designed specifically for frequent travellers to the GCC, Middle East and North Africa. The new deal, which incentivises customers to book multiple trips with the airline, offers a number of attractive benefitsincluding:Savings of u... Sun, 17 Oct 2010 12:25:29 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3673 ]]>                Microsoft today joined its partners in revealing the first wave of new Windows Phone 7 handsets at Gitex that will soon be available from leading mobile operators in UAE and across the rest of the Middle East. With more than 60 mobile operators in over 30 countries worldwide committed to bringing Windows Phones 7 to market, the millions... Sun, 17 Oct 2010 12:08:57 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3672 ]]>          Oman Air's Sindbad Frequent Flyer Programme has signed a new partnership agreement with Avis, a leading car hire company. The partnership, which was officially launch on 1st October 2010, will see Sindbad Frequent Flyer members earning valuable Sindbad Miles on rentals and benefiting from special offers and discounts from Avis. To celebrate the launch,... Sun, 17 Oct 2010 12:47:44 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3669 ]]>                     During a press conference held here yesterday on the sidelines of the Oman-China Businessmen's Forum which kicked off here on Monday night, Mohammed bin Nasser al Khusaibi, Secretary-General of the Ministry of National Economy, affirmed that the two countries always seek to enhance co-operation by entering into joint... Sat, 16 Oct 2010 12:22:58 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3668 ]]>       Exactly at the stroke of 1pm on Friday, Dubai Metro opened the gates of five new stations on the Red Line. Along with that came new weekend timings, increased frequency and reduced duration at each stop.Business Bay, First Gulf Bank, Sharaf DG, Nakheel and Jumeirah Lakes Towers are the five latest stations to open to the public, taking the number of stations open... Sat, 16 Oct 2010 12:02:13 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3667 ]]>              Prices of some kinds of rice and tea started October by stepping back in wholesale markets in the time that other consumer products have retained their previous levels. A recent survey by Consumer Protection Department in the Ministry of Commerce and Industry revealed that rice of "Thamer" kind has recorded retreat by 4.5 per cent to 21 Riyals... Sat, 16 Oct 2010 12:04:25 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3666 ]]>                Sustainability on top of agenda as UAE public and private sector look for longer term solutions to meet rising industrial, commercial and consumer demand.Power Generation and Water Middle East opens tomorrow (17 October 2010) at the Abu Dhabi Exhibition centre (ADNEC) with a focus on planning and sustainability following research which... Sat, 16 Oct 2010 12:46:30 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3665 ]]>Steel prices in Saudi Arabia are expected to remain stable until the end of this year, at least, in light of the stability of raw material prices globally, pan-Arab Al Hayat daily reports Saturday, citing an executive in one of the kingdom's three largest steel producers.Steel prices were low early this year after the global crisis hit all sectors last year, they then rebounded after the second q... Sat, 16 Oct 2010 12:18:58 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3664 ]]>             Crystal Lagoons Corp, the world's first crystalline lagoon developer, signed deals worth US$1.7 billion at last week's Cityscape Global in Dubai to build new lagoons in Oman, Turkey and India. The biggest of the three projects, worth US$500 million will be constructed near Muscat, Oman, in conjunction with Alargan, one of Kuwait's leading devel... Fri, 15 Oct 2010 12:31:19 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3663 ]]>Oman telco Nawras, a subsidiary of Qatar Telecommunications, extended the offerperiod for its initial public offering (IPO) by one week after retail portion of the offer was only covered by 5%, two sources familiar with the matter said on Tuesday.Nawras, which broke the monopoly of state-controlled Omantel in 2006, is aiming to raise as much as US$608 million and has put up 260 million shares pri... Fri, 15 Oct 2010 12:15:20 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3662 ]]>Muscat, Oct 15 (ONA) The Muscat Securities Market (MSM) 30 index closed at the end of September 2010 at 6472.67 points as compared to the previous month, an increase by 3.45%. The market value for companies enlisted at MSM rose by 3.26% during September 2010 to RO. 9.97 billion as compared to RO. 9.66 billion for the previous month, according to statistics issued by MSM.... Fri, 15 Oct 2010 12:17:53 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3661 ]]>The Government of the Sultanate of Oman is planning to build four new regional airports which will link other regions with Muscat and is part of a larger plan to develop several airports to meet the increasing travel demand from the tourism, business and local communities.The new airports planned are in Sohar, Ras Al Hadd, Al Duqm and Adam.The development of Sohar, Ras Al Hadd and Al Duqm Airp... Fri, 15 Oct 2010 12:25:50 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3660 ]]>BIRMINGHAM, England: The Bank of England can support the economy as Britain cuts a record budget deficit, Prime Minister David Cameron said on Sunday, after a senior government minister warned of the risk of another recession. There are signs that the economy -- along with other major economies -- is slowing after bouncing back strongly from the financial crisis.... Mon, 04 Oct 2010 12:53:09 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3659 ]]>BANGKOK — A bidding war is heating up for Carrefour's supermarkets in Thailand, Malaysia and Singapore as the French retail giant plans its exit after failing to take a dominant position in the region. Carrefour, the world's second-biggest retailer behind US colossus Wal-Mart, is looking to offload its 43 Thai, 23 Malaysian and two Singaporean hypermarkets in a sale some estimates sugges... Mon, 04 Oct 2010 12:15:32 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3658 ]]>MUSCAT — Al Balushi Investment, a leading real estate company, is all set to unveil its much-awaited 'Mayar Al Khoud' a luxury residential project by this month. The first of its kind project in the Sultanate, which will bring a much sought-after variety in the Omani real estate and allow the public to enjoy a comfortable living experience. The project, which was launched in June 2008, w... Mon, 04 Oct 2010 12:06:46 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3657 ]]>MUSCAT — Global Exhibitions & Conferences LLC (GEC), a leading Omani event management company, is all set to organise a series of new events that would directly cater to the needs of various industries, industry professionals and consumers in the Sultanate. GEC boasts a group of event management professionals who have extensive experience in organising a wide range of high-profile tr... Mon, 04 Oct 2010 12:56:26 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3656 ]]>MUSCAT — To mark the occasion, a group of 75 individually-numbered, iconic Jaguars from across the years made a two-day journey from Coventry to Goodwood. This exclusive celebration drive, starting in Coventry on September 17, took place in London's May Fair hotel — site of the original Jaguar model launch in 1935 — and finished at the UK's largest heritage motor festival, the Goodwood... Tue, 28 Sep 2010 12:48:47 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3654 ]]>MUSCAT Al Omaniya Financial Services on Saturday said 77,138,128 bonds were subscribed, which will be listed on the Muscat Securities Market. The chief executive officer Aftab Patel made the announcement in a press statement on Saturday. He thanked the company's shareholders for their support and confidence in the firm. “The company has performed well so far and expects to maintain e... Mon, 27 Sep 2010 12:42:29 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3653 ]]>Dramatic change swept through HSBC on Friday as Europe's biggest bank named a new chairman, chief executive and finance director to repair its reputation after a shock boardroom bust-up. Chief Executive Michael Geoghegan will be replaced by Stuart Gulliver, the head of investment banking, at the end of the year, and finance director Douglas Flint will take over as chairman on December 3... Mon, 27 Sep 2010 12:30:47 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3651 ]]>Shell Oman Marketing Company SAOG has announced the winners of the 45-day-long Shell Super promotion. The draw was held at Shell headquarters in the presence of officials from the Ministry of Commerce and Industry. Swarn Singh, from Dhahira Region, proudly walked away with a brand new Toyota Prado, his coupon being drawn from nearly a million entries. In addition, 12 other lucky winne... Mon, 27 Sep 2010 12:15:33 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3650 ]]>Shaikh Zaid bin Khalifa al Rashdi, Member of Majlis Ash'shura, picked BankMuscat's Al Mazyona daily prize winners of RO 4,000 and Double-Your-Salary winners as customers of Izki Shaffa branch experienced the excitement of the popular savings scheme offering daily, monthly and jackpot prizes every 4 months. Mahmood Bashir Mohammed al Amri, Branch Manager, said: “BankMuscat is delighted t... Mon, 27 Sep 2010 12:11:29 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3649 ]]>NEW YORK Apple, maker of the Macintosh computer, the iPod, iPhone and iPad, surpassed Chinese oil giant PetroChina during trading on Thursday to become the world's second-largest company in terms of market value. Apple shares hit a record $292.76 during trading on Wall Street, giving the California gadget-maker a market capitalisation of $266 billion, more than PetroChina's $265 billi... Sat, 25 Sep 2010 12:05:21 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3648 ]]>SAO PAULO Brazilian state oil company Petrobras raised $70 billion on Thursday in the world's biggest share offering, giving the company the financial muscle it needs to tap vast offshore oil reserves. The cash will help fund the world's largest oil exploration plan, which at $224 billion for the 2010-2014 period aims to turn Brazil into a major energy exporter. The Rio de Janeiro-b... Sat, 25 Sep 2010 12:01:03 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3647 ]]>MUMBAI Suzlon Energy, India's largest and the world's third leading wind turbine maker, on Friday said it has installed over 5,000MW of cumulative wind turbines in India, accounting for nearly half of the country's total wind installations. The cumulative wind generated power has the potential to light up four million homes annually, providing for over 1,500 customers in India across... Sat, 25 Sep 2010 12:56:32 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3646 ]]>BankMuscat, the leading financial services provider in the Sultanate, has signed an agreement with Friends Provident International (FPI) to distribute their financial products to the bank customers. The product will be offered through the Expat Services division of BankMuscat. FPI is part of the Friends Provident group of companies. Founded in 1832, Friends Provident is one of the olde... Sat, 25 Sep 2010 12:14:26 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3644 ]]>Certificates of deposit (Issue No. 686) tender was held at the Central Bank of Oman (CBO) last week. The total amount allotted was RO 367 million. A bulletin issued by the CBO stated that the average interest rate of these certificates was 0.07 per cent while the maximum accepted interest rate was 0.07 per cent. The tenor of these certificates is 28 days so their maturity date is October... Sat, 25 Sep 2010 12:40:21 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3643 ]]>Galfar Engineering & Contracting has been awarded a contract to undertake the Nizwa-Jabreen (Phase II) dualisation project at a cost of RO 35.296 million. A letter confirming the contract award was received from the Ministry of Transport and Communications, Dr Hans Erlings, CEO of Galfar, stated in a notification to the MSM. The project will be executed within two years.... Wed, 22 Sep 2010 12:03:22 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3642 ]]>Special Technical Services LLC (STS) have been awarded the On Plot Construction Contract for Amal Steam Surface Facilities by Petroleum Development Oman (PDO). This is a significant development for STS as it completes over 30 years of its successful operations in Oman. The Amal Steam development is the largest single brownfield development in South Oman. The Amal West and East fields are... Wed, 22 Sep 2010 12:20:39 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3641 ]]>The all-new 2011 Mitsubishi ASX Crossover has officially been launched in the Middle East by the Zubair Automotive Group and MMC Japan representatives at an exclusive press conference hosted at the Grand Hyatt Hotel. The new ASX (Active Sports Crossover) offers excellent drivability and handling with an elevated driver's position that along with the sloping hood design, gives a better vi... Wed, 22 Sep 2010 12:14:16 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3640 ]]>KPMG's Annual IFRS seminar for clients was successfully conducted at Al Bustan Palace Hotel on Monday. The seminar brought together a range of professionals across the business community. Michael Armstrong, Partner in charge of KPMG in Oman, mentioned that the seminar had received an excellent response, with representatives attending from a wide variety of industry groups and corporate h... Wed, 22 Sep 2010 12:54:29 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3639 ]]>Ahlibank recently launched its corporate Internet banking services. This new service which will help in the operational efficiency of business, has several innovative features, enabling corporate customers to check balance and trade enquiries across various Ahlibank accounts held by them as well as view or print transaction history. In the past, Ahlibank has introduced several new bankin... Wed, 22 Sep 2010 12:37:06 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3638 ]]>National Bank of Oman (NBO) announced here yesterday the relaunch of 'Al Amaal', a child security Savings Account, with new and attractive benefits and features. Al Amaal now features new value additions such as free insurance, said Hassan Abdul Amit Shaban (pictured), Assistant General Manager and Head of Wealth Management. In case of a primary account holder's death (father or mother... Wed, 22 Sep 2010 12:33:17 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3637 ]]>As part of the community initiatives that were being undertaken during the month of Ramadhan at Bank Sohar, Munira Abdulnabi Macki, DGM, Human Resources and Corporate Support and Mazin Mahmood Al Raisi, AGM Marketing and Publicity, paid a site visit to the National Association for Cancer Awareness (NACA) Project 'Home Away from Home'. The Association's new project seeks to ameliorate the... Wed, 22 Sep 2010 12:30:21 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3636 ]]>BankMuscat has won yet another prestigious brand leadership award in recognition of building a successful global brand. The Asia's Best Brand Award instituted by CMO Asia was bestowed on BankMuscat at the awards ceremony attended by over 200 senior corporate leaders in Singapore. The award recognised 100 top notch organisations across Asia. The CMO Asia Awards are the first-of-its-kind a... Wed, 22 Sep 2010 12:00:34 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3635 ]]>Bank Sohar held prize draws for their two Excel Credit Card promotions for the month of August at the MBD branch. Senior representatives of the bank including Khalfan Rashid al Tal'ey — DGM Retail Banking were present at the event. A short presentation was given on both promotions. The prize draw was to select 37 winners for the month of August — six winners for the Credit Card Acquisit... Tue, 21 Sep 2010 12:32:18 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3634 ]]>Oman Arab Bank has been declared the Best Investment Bank in Oman in 2010 by World Finance magazine. “Let me take this opportunity to thank all of Oman Arab Bank employees and IMG staff in particular for sustained efforts to maintain the standards we set for ourselves” said Abdul Kader Askalan, CEO of the Bank. “By the way this is the first time World Finance magazine gave this type of a... Tue, 21 Sep 2010 12:26:20 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3633 ]]>BankMuscat, in association with the Environment Society of Oman (ESO), recently installed mooring buoys in Ras Bu Dawood in Quriyat and Bandar al Khairan as part of a campaign launched under the supervision of the Ministry of Environment and Climate Affairs for protection of coral wealth. The initiative is aimed at preserving the Sultanate's coral wealth by offering a safe mooring alte... Tue, 21 Sep 2010 12:22:39 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3632 ]]>Baader Projects, Hotels & Resorts LLC, a recent entrant to Oman's real estate market, has reported a flurry of sales enquiries and registrations following the launch of Al Bustan Residences in Muscat last month. The record number of registrations and enquiries endorses the comments made at the press conference by Uto Baader, Vice-Chairman of the Baader Projects, Hotels & Resorts... Tue, 21 Sep 2010 12:17:33 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3631 ]]>Oman Fisheries Company SAOG had been awarded a contract to supply frozen fish to the Ministry of Defence (MoD) and Royal Army of Oman for the next three years. The contract, which is valid from October 16, 2010 till October 15, 2013, is valued at RO 2.359 million, the company said in a disclosure notification to the Muscat Securities Market (MSM).... Tue, 21 Sep 2010 12:04:56 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3630 ]]>Oman Cement has announced the appointment of two new members on its Board of Directors representing the government's shareholding in the company. It follows a decision by the Council of Ministers to restructure Oman Cement's Board of Directors, the company said in a notification to Muscat Securities Market (MSM). Engineer Abdullah Abbas Ahmed has been named Chairman of the Board of Dir... Tue, 21 Sep 2010 12:58:44 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3629 ]]>Bank Sohar has now opened its branch in Ibri, the 18th in the Bank's branch network and the first in the A'Dhahira region. The new branch will provide residents of Ibri and businesses in the vicinity with products and services offered to customers at all the other locations. “Each time we open a new branch at any of the towns in Oman, we are reminded that as a country we are blessed wit... Mon, 20 Sep 2010 12:51:35 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3628 ]]>National Bank of Oman (NBO) has announced its participation as main sponsor of the upcoming Oman Capital Markets Forum represented by the bank's Investment Banking Division (IBD). The Forum being organised by the OITE Conferences Division in association with Muscat Securities Market, will be held on September 28 and 29, at Al Bustan Palace Hotel. It will bring together key regulators, bu... Mon, 20 Sep 2010 12:48:33 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3627 ]]>Renaissance Services recently signed a term loan facility with BankMuscat for RO 19.25 million ($50 million), to support the company's growth investment plans, primarily in the development of its marine offshore support vessel (OSV) fleet. The facility with BankMuscat is the final tranche of a total RO 38.5 million ($100 million) term loan funding announced by Renaissance last month. Abd... Mon, 20 Sep 2010 12:43:24 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3626 ]]>The International Monetary Fund will likely raise China's membership quota to as much as 6 percent from 3.9 percent now, putting it in line with Japan, the Nikkei business daily reported on Saturday. The IMF is also set to raise quota subscriptions for other emerging nations such as India, South Korea, Indonesia and Brazil to reflect their enhanced economic standing, while reducing th... Sun, 19 Sep 2010 12:00:29 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3625 ]]>Coal miner Raspadskaya said its main site, hit by Russia's deadliest mine disaster in recent years which occurred there in May, would not reach pre-accident production levels until 2012. During a conference call, Chief Executive Gennady Kozovoi said the production levels would not be restored until 2012, later than many analysts had forecast. “We previously expected a full recovery in Q3... Sun, 19 Sep 2010 12:51:31 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3624 ]]>Michael McCaslin is wary of investing his retirement funds in Wall Street. Its volatility and cryptic trading techniques make him feel lost and unsafe, he says. “I tried to watch the market over the past couple of years, and you're just lost. I look at the market now and it's like Las Vegas, it's a gamble,” the 65-year-old pensioner said. Like most Americans, McCaslin has his retiremen... Sun, 19 Sep 2010 12:39:29 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3623 ]]>The excitement of Al Mazyona savings scheme from BankMuscat offering daily, monthly and jackpot prizes was experienced by City Center branch customers. Talib bin Omar al Balushi, Region Manager of the Al Futaim Group in the Sultanate picked the daily prize winners of RO 4,000 and the winner of Double-Your-Salary scheme. Saif al Jabri, Branch Manager, said: “BankMuscat is delighted to p... Sun, 19 Sep 2010 12:26:13 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3622 ]]>Malabar Gold, one of India's largest jewellery retailers, will open its 40th outlet and their second in Oman on September 23 at Lulu Bausher in a grand way with a lot of surprises. The occasion will be celebrated in all the Malabar Gold outlets across India and the Middle East by distributing gifts and sweets. Malabar Gold is respected internationally as a perfect jeweller, where perf... Sun, 19 Sep 2010 12:22:50 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3621 ]]>During the first half of this year, Oman Development Bank (ODB) provided 1938 loans worth RO 13.34 million to finance projects in various governorates and regions of the Sultanate. From among the economic sectors that received the largest number of financed projects during the first half of this year, fisheries sector came first. The projects that received loans in this sector were 822... Sun, 19 Sep 2010 12:03:55 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3620 ]]>Kutaiba al Hatmy, Corporate Communications Manager of Salalah Port in an interview with the Observer has announced that his organisation has decided to become a major sponsor of the TransOman conference to be held here in Muscat next month. TransOman is supported by the Ministry of Transport and Communications and has as its newspaper sponsor, the Oman Daily Observer. He said, “I thi... Sun, 19 Sep 2010 12:54:34 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3619 ]]>Major projects being implemented in Oman and the range of investment opportunities in the Sultanate's construction industry will be on the spotlight early next year during the inaugural Oman Construction Summit, which will be held from January 30 to February 2, 2011 at the Grand Hyatt Muscat. The Oman Construction Summit 2011 is a high-profile event that will bring together senior repr... Sun, 19 Sep 2010 12:47:58 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3618 ]]>Oman Shipping Company (OSC) is preparing to venture into container shipping transportation with the planned launch of a feeder service linking Oman with key markets in the Middle East. The move is in line with the state-owned company's aspirations to develop into a well-diversified national shipping line encompassing key areas of the maritime shipping trade. Thus, starting out as a com... Sun, 19 Sep 2010 12:42:56 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3617 ]]>British private equity firm 3i Group said Jonathan Russell, one of its top dealmakers, would leave as part of a shake-up announced yesterday that will combine two of its key divisions. Russel, who as head of buyouts was responsible for over 5 billion euros ($6.5 billion) worth of funds, had been with the firm for 24 years and is a former chairman of the European Private Equity and Ven... Sat, 18 Sep 2010 12:26:39 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3616 ]]>Carrefour shares soared yesterday after the world's No 2 retailer unveiled an ambitious revamp plan for its European hypermarkets which it said could more than double profit by 2015. The French group, battling to reverse years of underperformance in its main western European markets, said late on Thursday it expected operating profit to reach 5.2 billion euros ($6.8 billion) by 2013, alm... Sat, 18 Sep 2010 12:22:00 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3615 ]]>Royal Bank of Scotland is close to forming a venture with Chinese group Guolian Securities as part of the British lender's expansion in the booming Asian economy, a source with knowledge of the matter said yesterday. "China is a core market for RBS in Asia," said the source. RBS, bailed out by Britain at the height of the financial crisis, confirmed it was seeking a new Chinese securiti... Sat, 18 Sep 2010 12:08:28 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3614 ]]>MUSCAT — Bank Sohar announced the successful closure of the banks's RO 50 million Tier II sub-ordinated debt issuance. This issue significantly improves the bank's capital position and allows the bank to more strongly support the requirements of the local economy. It also gives the bank greater ability to provide finance for future projects. “This issue improves the bank's capital adeq... Sat, 18 Sep 2010 12:56:17 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3613 ]]>By A Staff Reporter - MUSCAT — A survey of chief marketing officers (CMOs) has reinforced the ever-growing importance of social media marketing and found strong trends in its use for business-to-customer (B2C) marketing. The CMO Survey conducted by Duke University's Fuqua School of Business and the American Marketing Association revealed that firms continue to emphasise social media, wh... Sat, 18 Sep 2010 12:53:47 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3612 ]]>By A Staff Reporter - MUSCAT — German industrial and technology giant Siemens AG together with Korean engineering firm GS Engineering & Construction have bagged an engineering, procurement and construction (EPC) contract worth $1.3 billion to build the Barka-3 and Sohar-2 Independent Power Projects (IPPs), a number of news agencies reported at the weekend. A consortium led by Kahrab... Sat, 18 Sep 2010 12:41:55 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3611 ]]>TOKYO — The Bank of Japan (BoJ) voted yesterday to keep its key interest rate unchanged at 0.1 per cent, as expected, while maintaining its assessment of the nation's economy. "Japan's economy shows further signs of a moderate recovery," the bank said in a statement after its two-day policy meeting. "Exports and production have been increasing, albeit at a slower pace." The announcement f... Wed, 08 Sep 2010 12:59:16 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3610 ]]>AHLIBANK campaign yesterday reached Ibri, where a cheque of RO 1,000 was presented to Omani Women's Association Officials in Ibri. “Ramadhan is a time of reflection, and we are privileged to contribute to the honourable mission of the Omani Women's Association”, stated Ali al Kalbani, Ibri Branch Manager.... Wed, 08 Sep 2010 12:55:31 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3609 ]]>By A Staff Reporter - MUSCAT — BankDhofar, one of the leading banks in Oman, has launched a new Al Heson savings scheme with a prize of RO 40,000 weekly beginning in September till end of the year. “The Al Heson scheme is designed to provide BankDhofar customers with further opportunities to save and a chance to make their wishes come true faster. This is the biggest weekly prize schem... Wed, 08 Sep 2010 12:49:23 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3608 ]]>IPO opens for subscription from Sept 15 - By A Staff Reporter - MUSCAT — Nawras yesterday announced that the share price range for its upcoming IPO of 40 per cent of the company's shares will be set at 702 to 902 baisas which includes an issue expense of 2 baisas per share. The share price range implies an initial market capitalisation of between RO 456 million and RO 586 million making N... Wed, 08 Sep 2010 12:46:50 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3607 ]]>ahlibank, one of the fastest growing banks in the Sultanate, with a remarkable growth of 98% in Profit After Tax in the first half 2010, recently received another boost to it's already impressive array of achievements when Capital Intelligence (CI), the International Credit Rating agency, announced that it has upgraded ahlibank Foreign Currency Long and Short-term Ratings to BBB+ and... Wed, 08 Sep 2010 12:42:05 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3606 ]]>We are a manufacturer of suitcases and ultra-stiff containers for transport of sensitive products in extreme conditions.EG Moulding Industries look for a Sales Agent:Sector: Packaging Conditioning and Handling Suitcases and ultra-stiff containers For transport of sensitive products in extreme conditions We look for several sales agents In Oman and the Middle East.In sectors as different as: Trans... Tue, 07 Sep 2010 12:22:26 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3605 ]]>LONDON — Equitable Life, the British mutual insurer that nearly collapsed a decade ago, urged the government yesterday to fully reimburse policyholders for their losses rather than cap compensation payments as proposed. Compensation should be based on an estimated loss of between £4 billion and £4.8 billion ($7.42 billion) and should not be subject to a £400 million cap proposed in an i... Tue, 07 Sep 2010 12:30:05 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3604 ]]>MUMBAI — Indian tycoon Anil Ambani's plans to slash debt of his flagship firm Reliance Communications by selling assets to telecom tower company GTL Infrastructure have collapsed, an announcement said yesterday. GTL said in a notice to the Mumbai stock exchange that the time-frame for sealing the proposed agreement with Reliance Communications (RCom), India's second-largest mobile operato... Tue, 07 Sep 2010 12:21:25 GMT http://www.made-in-oman.com/data_5/even_detail.php?id=3603 ]]>LONDON/MADRID — British Airways and Iberia have drawn up a shopping list of 12 airlines as they look to embark on a spending spree once their merger completes, with Asia seen as a key focus for expansion. CEO Willie Walsh told reporters in Mumbai that the two airlines, which plan to merge by the end of the year and call themselves International Airlines Group (IAG), had compiled a list of... Tue, 07 Sep 2010 12:14:56 GMT