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, 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.
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.
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 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 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.
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.
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.