VENTURE CAPITAL POST

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.

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.

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.

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

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

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

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.

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

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.

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

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

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