Qais bin Mohammed al Yousef, chairman of the Oman Chamber of Commerce and Industry (OCCI), hailed the government’s decision to suspend 10 per cent tax on dividend and interest income.
Nama Group, a state-owned conglomerate engaged in production, procurement, distribution and transmission of electricity in Oman, reported a 14.8 per cent growth in total revenue to RO1.29bn for the year 2018.
Total subsidy provided by Nama Group to electricity consumers rose 23 per cent to RO563.29mn in 2018, mainly driven by a robust growth in the number of consumers.
The Capital Market Authority (CMA) on Monday announced an administrative decision, issuing the takeover and acquisition regulation for the public joint stock companies listed on the Muscat Securities Market (MSM).
In an interview with Muscat Daily, Abdul Karim Zahran al Hinai, assistant general manager – head of alternative channels at National Bank of Oman (NBO) spoke about the usage of new digital tools to promote and achieve financial inclusion in Oman. He said NBO has various initiatives in place to promote the usage of its mobile app and Internet services.
Al Madina Real Estate Company, one of the largest property developers in Oman, is planning to start construction work for the first phase of its proposed US$1bn integrated tourism complex (ITC) project in Quriyat in next one or two months, according to a senior official of the company.
Bank Muscat has won the Muscat Securities Market’s (MSM) Quality of Disclosure Award for 2019.
In recognition of his commitment to excellence and his vision for the Islamic banking sector in Oman, Salaam Said al Shaksy, chief executive officer of Alizz Islamic Bank, was awarded the Top CEO Award 2019 for Islamic banks at a ceremony held at the Al Areen Palace and Spa in Manama, Bahrain recently.