BUSINESS NEWS

OCCI chairman hails suspension of 10% tax on dividends

Muscat - 

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’s revenues rise 15% to RO1.3bn in 2018

Nama Group’s revenues rise 15% to RO1.3bn in 2018
Muscat - 

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.

Electricity subsidy rises 23% to RO563mn

Muscat - 

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.

Capital Market Authority issues new regulation for takeover and acquisition

Muscat - 

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).

Business Interview: ‘NBO is committed to retain its leading position in digital banking’

Business Interview: ‘NBO is committed to retain its leading position in digital banking’
Muscat - 

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.

Construction for phase 1 of $1bn Quriyat ITC project to begin soon

Construction for phase 1 of $1bn Quriyat ITC project to begin soon

Muscat - 

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 wins MSM award for quality disclosure

Bank Muscat wins MSM award for quality disclosure

Muscat - 

Bank Muscat has won the Muscat Securities Market’s (MSM) Quality of Disclosure Award for 2019.

Alizz Islamic Bank CEO wins region’s top CEO award

Alizz Islamic Bank CEO wins region’s top CEO award

Muscat - 

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.



Muscat daily recycle
COLUMNS

Happiness vs Happimess

Renowned human mind scientist Carl Jung was once on a safari trip in Africa. At one point he stayed behind and allowed all his tour guides and companions to disappear into the jungle. When he couldn’t see any of them anymore and all his eyes could capture into the horizon was an endless sea of trees, vegetation and wild animals he stumbled upon a great discovery. He understood then that it was his awareness that brought to life what he was seeing. That is to say, he believed that without a mind to witness what was there and make sense of it, it is as if it didn’t exist.