BUSINESS NEWS

Business Interview: ‘Fuel stations could become an engine of growth for SMEs’

Business Interview: ‘Fuel stations could become an engine of growth for SMEs’
Muscat - 

In an interview with Muscat Daily, Eng Mohammed Farid al Darwish, chief executive officer of Al Maha Petroleum Products Marketing Company, said that the company is working on a number of initiatives to make its fuel stations attractive destination for shopping and other pleasure activities. Darwish said fuel stations in Oman have the potential to become an engine of growth for the small and medium enterprises (SMEs).

Oman Blockchain Club organises symposium at SQU

Oman Blockchain Club organises symposium at SQU
Muscat - 

Oman Blockchain Club, in association with the Communication and Information Research Center at the Sultan Qaboos University (SQU), organised the second Blockchain symposium under the theme ‘Integration of Digital Technologies with Blockchain’ on Monday.

Growing trade with Qatar boosts Oman’s non-oil exports

Growing trade with Qatar boosts Oman’s non-oil exports
Muscat - 

Oman’s non-oil exports recorded a robust growth in the first seven months of this year as strong demand from Qatar lifted overall value of the sultanate’s exports and re-exports.

CBO gets upgraded to full IFSB membership

CBO gets upgraded to full IFSB membership
Muscat - 

The Central Bank of Oman (CBO) announced that the Islamic Financial Services Board (IFSB) has resolved to approve CBO’s request to upgrade its membership of the IFSB from an observer member to a full member.

Oman’s inflation rises to 1.1% in November

Muscat - 

Oman’s annual inflation, which is based on consumer price index (CPI), increased to 1.11 per cent in November compared to the same month of 2017, according to the latest statistics released by the National Centre for Statistics and Information (NSCI).

Oman Cement to set up new cement plant in Duqm with $212mn investment

Oman Cement to set up new cement plant in Duqm with $212mn investment

Muscat - 

Oman Cement Company has decided to go ahead with setting up a new integrated cement plant in Duqm area with a total investment of about US$212mn.

Ithraa, Credit Oman ink deal to boost exports

Ithraa, Credit Oman ink deal to boost exports

Muscat - 

The Public Authority for Investment Promotion and Export Development (Ithraa) and Oman’s Export Credit Guarantee Agency (Credit Oman) have signed a programme for joint cooperation to boost the sultanate’s exports, explore potential markets for Omani products and enhancing growth of the national economy.

Raysut Cement Company plans expansion in African countries

Dubai - 

Oman’s largest cement manufacturer, Raysut Cement Company is eyeing acquiring ARM Cement of Kenya as part of the company’s aggressive strategy to expand in East and Central Africa.



Muscat daily recycle
COLUMNS

Adieu 2018

Robert Browning in Pippa Passes wrote: “The lark’s on the wing; The snail’s on the thorn: God’s in His heaven - All’s right with the world!” and this was oft quoted by P. G. Wodehouse in his many novels. But obviously, neither Browning nor Wodehouse had been to Muscat during the month of December - actually forget December, I don’t think they had ever been to Muscat during any month - otherwise he would have probably written: “The zephyr kisses the cool sea and wafts across, The sparrows and swallows frolic amidst the desert-roses, Atticus is in the garden and God’s in His Heaven- All’s right with the world!”