Tag: manufacturing
SV Pittie Sohar Textiles plans IPO, appoints Sohar International as financial advisor
SV Pittie Sohar Textiles has signed an agreement with Sohar International, appointing the bank as the company’s financial advisors for its capital raise and...
Salalah Free Zone, Al Naqbi Holding ink $10mn food processing unit deal
Salalah Free Zone Company (SFZCO) and Al Naqbi Group Holding have signed an OMR3.8mn ($10mn) agreement to set up a food processing unit within...
India’s GDP drops to more than 6-year low of 5% in April-June 2019
India’s economic growth has slowed down to a six-and-a-half year low 5% in the April-June quarter of financial year (FY) 2019-20, due to a...
Bank Nizwa, Raysut Cement Company ink OMR19.5mn finance agreement
Bank Nizwa, the Sultanate’s leading Islamic banking and financial solutions provider, signed an OMR 19.5mn deal for Shari’a-compliant financing facilities with Raysut Cement Company...
XMG introduces heavy machinery series specifically for the Middle East
XCMG, a well-known Chinese multinational heavy machinery manufacturer, launched its new product line up catering to the Middle East market at a function in...
Logistics giant Panalpina sets up office in Oman
Panalpina, an international freight forwarding and logistics company based in Switzerland, is soon planning to set foot in Oman with its office opening in...
Oversaturated Market – A Threat to Oman’s Economy
While the Sultanate is fast at addressing its economic diversification agenda under the Tanfeedh program, the looming issue of an oversaturated Omani market does...
Oman’s Drop in Imports and Rise in Self-Sufficiency
Oman’s heavy reliance on the oil and gas sector for its economy might dissuade soon. As part of its Tanfeedh initiative, the Sultanate has...
Slow Transition to Electric Fells BMW’s CEO After Just One Term
(Bloomberg) -- When BMW AG picked Harald Krueger to run the company more than four years ago, he was the perfect candidate. Young, with a...
Sohar: Oman’s Gateway to Globe
Sohar is currently experiencing significant investment and economic shifts making it the focus of attention to many local and international investors and businessmen
With its...