BUSINESS NEWS

Ubhar GCC Fund delivers 8% return for 2018

Muscat - 

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.

Symposium discusses health insurance

Symposium discusses health insurance
Muscat - 

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’s 2018 net profit rises 16%

Sohar International’s 2018 net profit rises 16%
Muscat - 

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.

Oman launches renewable energy projects

Oman launches renewable energy projects
Muscat - 

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.

‘Technology will help boost fish production in Oman’

‘Technology will help boost fish production in Oman’
Muscat - 

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.

ACWA-led consortium wins 500MW Ibri II solar project

Muscat - 

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.

Symposium on health insurance begins today

Muscat - 

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’s Islamic banking sector records 14% growth

Muscat - 

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.



Muscat daily recycle
COLUMNS

Beware the Ides of March

Beware the Ides of March…and even though it’s still three days away, it does makes sense to be cautious. In 44 BC, Caesar didn’t follow the soothsayer’s advice, and you do know what happened to him? Brutally or ‘Brutusly’ murdered by his so-called friend Brutus and the other fellow senators baying for his blood, akin to the cawing of a murder of crows. Nothing to crow about though, but ‘here was a Caesar, when comes such another?’