Beginning in January, 2017, Kuwait, Bahrain and Oman will be seeing a new restaurant chain within their borders. Over the next five years approximately 22 Yellow Cab Pizza restaurants will be established after a deal was forged between casual dining chain and owner of the Yellow Cab Pizza brand, Max’s Group Inc., and Silver Group.… Continue Reading
Tag Archives: Oman
Oman Discussing Power Rationing for Summer
Corporate Communication Specialist Zahran Zahir Al Ruqeishi of the Muscat Electricity Distribution Company (MEDC) said, “The need (for rationing) is not just from the ‘saving money’ point of view, but also due to environmental factors.” Al Ruqeishi emphasized that consumers are for the most part unaware that the indiscriminate use of electricity leads to exorbitant… Continue Reading
Tariq Al Farsi Appointed General Manager of Bank Nizwa
Coming into his position as general manager of Retail and Private Banking with eleven years of experience in investment, retail and corporate banking, Tariq Al Farsi is well-positioned to continue to lead Oman’s Islamic Bank Nizwa to further success. Al Farsi is a native Omani and has a history of successfully running Islamic banks. He… Continue Reading
Al Jazeera Steel Posts Increase in Profits for 2011
Profits Soar Eighty-One Percent Chairman of Al Jazeera Steel Products Co SAOG, Sulaiman Mohamed Shaheen al Rubaie announced impressive results for the company’s net profits during the nine months from January until September 2011. The company, headquartered in Sohar, Oman posted an 81% net profit after taxes, reaching RO 2.751 million from RO 1.523 million… Continue Reading
HSBC Planning Job Cuts in Six Middle Eastern Countries
Beginning of Major Lay-Off Plan The bank which calls itself “The World’s Local Bank,” HSBC, has decided to lay-off at least 200 employees in six countries in the Middle East. The job cut of 200 in the region is just the beginning of a major reduction in worldwide employees reaching as many as 30,000 cuts… Continue Reading