Top Oman News

Siemens In Talks With Gulf And Russian SWFs

Siemens, Europe's biggest engineering group, has held talks with sovereign wealth funds from the Gulf, Russia and other regions in an attempt to expand its long-term investor base. Financial Times - 28Aug 07:17GMT
Oman's Amouage plans global expansion

Frankincense is the unique selling point of the international fragrance house Amouage, but the worrying decline in the frankincense tree population may force the Oman-based manufacturers to look for alternatives Gulf News - 28Aug 05:49GMT
Sharia initiatives worth $10bn launched

Three of the Gulf's biggest financial house has teamed up to launch three investment vehicles worth $10 billion (Dh36.7bn). Emirates Business 24/7 - 28Aug 05:31GMT
NIB Deputy CEO talks about Dubai Group's $1.5 billion facility: Part I

(Arabic) Ahmad Al Janahi, Deputy CEO in Noor Islamic Bank says there's liquidity in the region's markets and many banks are still interested in financing deals. Al-Arabiya - 27Aug 12:38GMT
GCC tourists in Sir Lanka increased 30% in 2008

Sri Lanka's Deputy Minister of Tourism Faizer Musthapha said on Wednesday that Gulf Cooperation Council (GCC) tourists to Sir Lanka increased 30 percent in 2008, marking a noticeable improvement. KUNA (Kuwait News Agency) - 27Aug 11:37GMT
GCC Ad Spend Crosses $3 Billion

The advertising expenditure in the GCC has shown a robust growth during the first six months of 2008 reaching $3.77 billion compared to $3.05 billion for the same period of 2007. Bahrain Tribune - 27Aug 09:57GMT
GCC nations 'will control entry of GM foods'

The UAE and other GCC member countries will control the entry of genetically modified foods into their markets. Gulf News - 27Aug 05:41GMT
Demand for LCD TVs in MEA to reach 6.1M by 2011

Prospering regional economies combined with growing disposable incomes and interests in technology are resulting in Middle East consumers demanding bigger and better LCD TVs. Press Release - 26Aug 08:59GMT
AGCC states to spend $100b to increase power generation in next 10 years

On account of the growing demand for electricity in the Gulf region, the AGCC countries are going to invest heavily to increase their power generation capacity so that their booming economies continue to prosper at a rapid pace. Times of Oman - 26Aug 08:01GMT
Oman Mobile launches new Mada-On package

Oman Mobile has launched a new Mada package plan called Mada-On. With Mada-On, Oman Mobile subscribers can stay connected with each other at a low rate of 19 baiza per minute, day and night. Times of Oman - 26Aug 08:00GMT

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Electronic Launch
Oman's Information Technology Authority (ITA) is planning to officially launch its e-payment gateway (ePG) on August 30, as part of its efforts to drive the sultanate into a fully-fledged digital society.

Travel & Tourism
Doubling Portfolio
Hyatt International is looking to solidify its presence in the region with three more hotels in the UAE by 2012 and plans to tap into the main gateway cities in the Gulf.

Economy & Politics
Crude Surge
A surge in crude prices boosted the combined revenues of Arab countries by nearly $28bn to a record $408bn in 2007.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	BankMuscat	Oman	4,653
2	Oman Telecommunications Company	Oman	3,968
3	National Bank of Oman	Oman	1,603
4	Raysut Cement Company	Oman	1,336
5	Galfar Engineering and Contracting	Oman	1,071
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