Gulf Mushroom Products Company (GMPC) has firmed up plans to invest around RO 7.8 million in the development and expansion of its facilities.
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GMPC to invest OMR7.8m in new capacity
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GCC millionaires prefer to invest in the UAE
The UAE has emerged as the most preferred investment destination by a majority of the region’s millionaires, beating other high-growth markets, new research reveals.
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Qatar risks total isolation from GCC
Qatar is making a mistake by becoming more defensive and intransigent as the three mainstream members of the Gulf Cooperation Council (GCC) urge it to give up its support for the Muslim Brotherhood.
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'Robust demand' for Gulf issues
Low interest rate could push up GCC Sukuk issuance, says S&PGrowth in Sukuk issue volumes in the Gulf's capital markets in 2014 will likely be steady versus the 2013 rate although low yields could ultimately push up issuance.
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Duqm SEZ Authority to float new investment firm
The Special Economic Zone Authority of Duqm (SEZAD), which is overseeing the development of a giant industrial hub on the Wusta coast, plans to shortly establish a holding company to support its investment and commercial activities in the undertaking.
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17 SME owners to benefit from Indian experience in IT
As part of the "Join us to accomplish" initiative, Oman Chamber of Commerce and Industry (OCCI) has reported yesterday that it will send the first trade delegate to India during the period of March 23-28.
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Muriya launches its second hotel in Salalah Beach
Muriya, Oman's leading tourism development company, has announced the soft opening of the Salalah Rotana Resort, its second hotel in Salalah Beach and the largest in the city by room size and the largest free-standing hotel in Oman.
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The Wave, Muscat and ORA sign strategic partnership agreement
With the aim of promoting the real estate sector, The Wave, Muscat signed a strategic partnership agreement with the Oman Real Estate Association (ORA), where Mohammed bin Salim al Busaidy, Chairman of ORA, and Hawazen Esber, CEO of The Wave, Muscat, inked the deal.
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Ras Al Hadd-Salalah coast to be studied
Any coastal state has the right to extend its continental shelf but has to take the respective steps which the Sultanate is assuring now.
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Theme parks and water parks for Oman in tourism study
Theme parks and water parks for Oman are among the key projects included in a new study on developing Oman's tourism appeal.Buoyed by the increase in tourists flocking to the country.
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Oman jobs, salaries to grow faster this year
Private-sector salaries are expected to rise at a faster pace this year compared to the previous year across most of the GCC countries, and Oman is leading the field, where employees are expected to enjoy an average pay increase of 8 per cent.
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Population drives steady realty growth in Oman
Steady growth in real estate demand is being driven by population growth, and expatriates are the highest contributors to demand for the residential sector in Oman, noted Jose Lora, chief operating officer - Real Estate and Hospitality, Zubair Corporation.
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Farm and fishery vital for Oman's economy
The agriculture and fisheries sectors have always been supported by His Majesty Sultan Qaboos bin Said, who has called for the development and improvement of these sectors through research and studies.
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Proposed terminal at Sohar Port will be hub for agro-commodities
The proposed agro-bulk terminal at Sohar port will handle 700,000 tonnes of grain products for the Public Authority for Strategic Food Reserves (PASFR) and will be operated by Oman Flour Mills, a top port official said.
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National Sharia board soon for Islamic banks
The formation of a national Sharia board for regulating Islamic banks and window operations of conventional banks will be completed soon, the country's central bank executive president Hamoud Sangour Al Zadjali told the media here yesterday.
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Sultanate's GDP grew 3% last year
Oman's gross domestic product (GDP) grew by 3 per cent to OMR30.961 billion in 2013 over the previous year, according to preliminary estimates.
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Meethaq meet to discuss future of Islamic finance
Thomson Reuters, the leading global news and information provider for the world's businesses and professionals, in partnership with Meethaq, Bank Muscat's Islamic banking window, is hosting a seminar on 'Developing a sustainable Islamic banking industry in Oman.
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Passion to do business will help young entrepreneurs succeed: Juma
As a brand ambassador of the Entrepreneur's Conclave 2014, Hassan Mohammed Juma believes that above all other things young entrepreneurs should focus to build their passion in doing business.
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Banque Audi: MENA Weekly Monitor (15-Mar-14)
This is a PDF report.
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GCC millionaires prefer to invest in the UAE
The UAE has emerged as the most preferred investment destination by a majority of the region's millionaires, beating other high-growth markets, new research reveals.
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