Category Archives: Oman

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

Worried Sri Lanka Looking to Oman for Back-up Oil Imports

Talks were held to discuss the possibility of the Sultanate of Oman supplying oil to Sri Lanka in case their oil flow is disrupted due to sanctions by the United States against Iran. The Ambassador of Sri Lanka to Oman, Asoaka Girihagama announced that discussions had been held between the Omani Minister of Oil and… 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

Meeting To Spur Inter-GCC Investment

In order to spur investment and trade among the Gulf Cooperation Council (GCC) Countries, the heads of state of Gulf oil producers have decided to end restrictions on local company operations. This is part of the development of a common market. The leaders of the six-nation GCC countries agreed upon plans to allow national companies… Continue Reading