Ubhar GCC Fund was once again amongst the list of best performing GCC funds out of Oman, generating a return of eight per cent in 2018.
As Oman is planning to implement compulsory health insurance for expatriate workers and visitors in the country, the Capital Market Authority (CMA) on Sunday organised a symposium on ‘Implementation of Health Insurance and its Challenges’.
Sohar International Bank reported a 15.9 per cent growth in net profit for the year ended December 31, 2018. The bank’s net profit rose to RO29.36mn for 2018 compared to RO25.33mn reported in the previous year.
In line with Oman’s vision to diversify its energy resources, Oman Power and Water Procurement Co (OPWP) on Sunday announced the launch of major renewable energy projects, including a new utility-scale solar project with capacity between 500MW-1,000MW and a mega wind energy project with anticipated capacity of 300MW.
In an exclusive interview with Muscat Daily, Joaquim Goes, professor, Lamont-Doherty Earth Observatory at Columbia University said that they are working with various stakeholders in Oman for providing useful and advance information to boost fisheries production in the sultanate.
Oman Power and Water Procurement Co (OPWP) on Sunday announced the awarding of 500MW Ibri II Solar Independent Power Project (IPP) to a consortium led by Saudi Arabia-based ACWA Power.
The Capital Market Authority (CMA), in cooperation with the General Arab Insurance Federation, is organising a symposium on ‘Health Insurance Implementation and Challenges’ today at Sheraton Oman Hotel.
Oman continues to remain the fastest-growing Islamic banking market in the GCC region, with a recorded growth rate of 14 per cent last year, Moody’s Investors Service said.