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May 19, 2012
Qalhat LNG generated its highest-ever returns to shareholders last year despite challenging conditions in global energy markets, Harib al Kitani, Chief Executive Officer, stated in the company’s 2011 Annual Report. Al Kitani described the company’s impressive performance during 2011 as a testament to its ability to surmount — and even thrive — in an adverse market environment.
“Qalhat LNG has another year of solid performance in all segments of our business and managed to flourish in the face of adversity. Our year’s results include generating the highest...
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May 16, 2012
Oman Oil Marketing Company (omanoil) has signed an Aviation Fuel Agreement with Etihad Airways, the world’s leading airline, to become the carrier’s sole provider in the Sultanate which flies to 84 destinations across the globe. The company will supply jet fuel to the entire fleet of aircrafts landing in Muscat International Airport and extend state-of-the-art technical, logistical and engineering support.
“Signing this contract with a world-renowned carrier of this caliber reinforces our globally-recognized aviation expertise and capabilities,” said Ahmad Kamel...
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Samsung stall evokes overwhelming response at Comex 2012
May 19, 2012
In the recently concluded Comex IT, Telecom and Technology Show, Sarco the distributor of Samsung offered customers an amazing array of attractive bundled offers and unbeatable special discounts on their range of products.
Commenting on the tremendous turnout registered at the Samsung stall, an upbeat Ajay Ganti, CEO of Sarco said: “Comex has always been a great platform for us to introduce and familiarise our valuable customers to Samsung’s impressive and state-of-the-art product ranges. This year’s Comex was no different, except that the customer response to our stall...
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Review of Oman Banking and Monetary Developments - Report by ONA
May 19, 2012
Broad money (M2) increased by (17.1) percent to (RO 10,214.9) million in March 2012 compared to (RO 8,720.2) million in March 2011. Narrow money (M1), comprising currency held by the public and local currency demand deposits, expanded by (11.8) percent to (RO 3,469.9) million by March 2012 on a year-on-year basis.
Quasi money (comprising RO savings and time deposits, certificates of deposit issued by commercial banks, margin deposits and foreign currency denominated deposits) increased by (20.1) percent to (RO 6,745.0) million in March 2012 compared to (RO 5,616.4) million in the previous...
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Nawras gets closer to Oman’s creative leaders as Ideas Partner for TEDx Muscat
May 19, 2012
Nawras, Oman’s customer friendly communications provider, is proud to have been the Ideas Partner of TEDx, a vibrant conference for young people that was dedicated to stimulate ‘Ideas Worth Spreading’. The sole telecoms supporter of the event held at the Millennium Resort in Musannah on 16 May, Nawras was a natural partner as innovation and creativity are strong company characteristics.
Raed Dawood, Acting Director of Communications at Nawras, said, “TEDx is a high-profile global event and as the Ideas Partner for TEDx, Nawras brings together corporations and individuals...
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Oman captures prestigious 2012 UN Public Service Award
May 19, 2012
The Sultanate of Oman has again been recognized internationally for its achievement and contribution to public service, with the Ministry of Health being named an esteemed recipient of the prestigious 2012 United Nations Public Service Award (UNPSA). The winners will be honored at the 2012 UNPSA Awards Ceremony in New York City, United States of America, in June 2012. The Ministry of Health was a 2nd place winner, for its 'Reduce Childhood Mortality Rate: Infants and Children under 5 years of Age' project, in the category of 'Promoting gender-responsive delivery of public services'.
The...
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Companies forge new CSR initiative
May 19, 2012
Setting up of Bridges establishment, as per the agreement recently signed among Sohar Aluminium, Vale Oman and Orpic as a non-profit organisation that cares for the corporate social responsibility (CSR) programmes is to reflect the commitment of these companies to promote and develop local community.
Dr Hamad bin Hashim Al Dhahab, CEO of Bridges, said that the incorporation of this establishment came as a culmination of the steady efforts by the three companies to establish the first of its kind organisation that nurture social responsibility.
In a statement to ONA, he said that the...
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TEDxMuscat speakers inspire with new ideas
May 19, 2012
From cutting-edge movie sound mixing, to technology that can let people in wheelchairs walk, the TEDxMuscat event inspired and motivated the audience who gathered to hear about "ideas worth spreading.-
About 250 people gathered at the Millenium Resort in Musannah on Wednesday to hear and share from a variety of international and Omani speakers their revolutionary ideas under the theme "Passion for Creation.- They ranged from scientists to artists, and each one talked not only about their own creations, but the importance of following one's dreams.
"A dream isn't something you...
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