Doha Bank agrees to acquire HSBC Bank Oman

Doha Bank, a Qatar based lender, has entered into a definite acquisition agreement with HSBC Holdings Plc's HSBC Bank Oman to purchase its lending arm in India pending regulatory approvals in India, Jersey, Qatar and Oman.

Read Full Article

Babcock International Group adds Oman-based training institute

London, UK-based engineering and support services firm Babcock International Group added Oman-based oil and gas training organization National Training Institute (NTI) for an undisclosed sum to extend the latter's training services to the UK.

Read Full Article

BP inks $16 billion tight gas project deal in Oman

Reuters said in its report that Britain's BP PLC has closed a $16 billion deal to develop Oman's Khazzan tight gas project. Construction of the tight gas project is expected to begin next year, while first gas is expected in late 2017.

Read Full Article

Tilal to issue first Omani sukuk

Tilal Development would used the proceeds raised in the sukuk sale for the expansion of its flagship project in Muscat, Oman.

Read Full Article

Renaissance, through Topaz Marine, set to offer senior notes

The offered senior notes from Renaissance is worth USD350 million with a five year term.

Read Full Article

Al-Futtaim signs MoU for new Muscat mall in Oman

Al-Futtain formalizes its agreement with the Oman Tourism Development Company and the Omani National Investment Funds Company for the new mall in Muscat.

Read Full Article

Oman to issue bonds and other financial instruments

In a bid to ease the pressure on its public finances, Oman is set to issue an international bond as well as a sovereign bond next year.

Read Full Article

Oman's Bank Dhofar to merge with Bank Sohar despite CEO resignation

CEO resignation would not deter the merger of the two Omani banks.

Read Full Article

Moody's post positive review on Oman's Islamic banking sector

Moody's the ratings agency said that the Islamic banking sector of Oman would grow between six and eight percent in the next five years.

Read Full Article

Oman's Sembcorp to hold its IPO in September

Sembcorp Salalah Power and Water Company stated that it was now preparing for its IPO in September.

Read Full Article

Oman-based lenders create interbank market trough wakala

Lenders based in Oman are developing a wakala, an agency agreement that is sharia compliant to help back their interbank financing needs.

Read Full Article

First Omani Sukuk to be closed soon

Tilal Development Co would be issuing a sukuk whose proceeds would be used to pay off debts and expand the Muscat Grand Mall.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics