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Oman’s Bank Nizwa Aims For 2015 Merger With United Finance Co

The potential deal is the latest sign of consolidation after the start of merger talks in 2013 between Bank Dhofar and Bank Sohar.

Oman’s Bank Dhofar Working With Two Advisers On Capital Plans

The lender said last month that it was mulling options for raising up to $300 million of capital at the earliest opportunity.

Omantel Says Board Proposes Paying Cash Dividend Of 75%

The proposed cash amount, for which no timeframe was given but which is in line with what the company paid for the second half of 2013.

Oman Antimony Project Secures $40m Loan

Antimony trioxide is mostly used as a flame retardant and a catalyst in the production of plastics.

Omantel Q4 Net Profit Falls 11%

The former monopoly made a net profit of 26.5 million rials ($68.8 million) in the last quarter of 2014.

Oman’s United Finance Says Agrees In Principle To Bank Nizwa Merger

United Finance said in a bourse statement that it would consider Bank Nizwa’s merger proposal when its board next met.

Oman’s United Finance To Consider Merger Approach From Bank Nizwa

United Finance describes itself as Oman’s largest non-bank financial institution.

Oman’s Raysut Cement Q4 Net Rises 9.2%, Misses Forecasts

The company made a profit of OMR6.55 million($17.0 million) in the last quarter of 2014.

Gulf Countries Pledge Over $39m To Global Vaccine Fund

Saudi Arabia and Qatar were the biggest contributors, committing $25 million and $10 million respectively to Gavi Alliance.

National Bank Of Oman Proposes 17% Cash Dividend, 10% Bonus Shares

NBO, earlier in January, posted a 29 per cent rise in fourth-quarter net profit, beating estimates.

Bank Muscat To Pay 25% Cash Dividend, 15% In Bonds, 5% Bonus Shares

The bonus shares will be paid out in the proportion of one share for every 20 ordinary shares held, the lender said.

Ooredoo Oman Q4 Profit Falls 17%

The firm made a net profit of OMR8.3 million ($21.6 million) in the last quarter of 2014.

Oman Bank Dhofar Proposes 10% Cash, 10% Bonus Share Dividend

The bank’s proposed 2014 dividend is equivalent to $0.03 per share in cash and one free share for every 10 a shareholder owns.

Oman’s EHC Picks Advisors For Muscat Power Firm Privatisation

The consortium, led by Canada-based CPCS Transcom International Limited, will start the study this month.

Oman’s ORPIC Began 29-Day Maintenance On Sohar Refinery On Sunday

The maintenance is not expected to have any effect on the local market, ORPIC’s CEO said.

Ultra Electronics Says Oman Airport IT Contract Terminated

The contract was worth about 207 million pounds when won in 2011.

Oman’s Bank Dhofar Mulls Options For Up To $300m Capital Raising

A Tier 1 capital-boosting bond was its preferred method, the bank said.

Oman Oil Minister Slams OPEC Policy On Prices, Market Share

The minister said that OPEC’s policy might temporarily force high-cost producers out of the market but they would eventually come back.

Oman Oil Minister: 2015 Crude Oil Output Expected To Rise About 20,000 bpd

Lower oil prices are not affecting Oman’s upstream strategy, and there is no change in its 2015 energy plans, the minister said.

Bank Muscat Q4 Profit Drops In Absence Of Insurance Payout

Bank Muscat made a profit of OMR36.5 million ($94.8 million) in the last quarter of 2014.

Oman Cement Q4 Net Profit Drops 35.8%, Trailing Forecasts

The firm made a net profit of OMR1.7 million ($4.4 million) in the last quarter of 2014.

Stock News: Gulf Markets Rise After Oil Rebounds

Wednesday’s 4.5 per cent surge in Brent crude futures was the biggest percentage gain since June 2012.

Oman’s Bank Dhofar Q4 Net Profit Up 9.2%, Beats Estimates

Net profit for the full year was down 30.6 per cent year-on-year to OMR40.5 million.

Bank Muscat Q4 Net Profit Drops 26.6%, Misses Forecasts

Net profit in 2014 was OMR163.2 million, up 7.3 per cent from the previous year.

National Bank Of Oman Q4 Net Profit Rises 29%

The lender made a net profit of OMR13.2 million ($34.3 million) in the fourth quarter of 2014.

Oman May Privatise Part Of Refiner ORPIC – Minister

ORPIC runs oil refineries at Sohar and Muscat as well as aromatics and polypropylene production plants at Sohar.

Oman Has No Plans To Cut Spending As Oil Slides -Minister

The minister said on Wednesday that the Oman’s budget assumed oil prices would average $75 per barrel this year.

Oman Air Launches Efficiency Plan To Slash Costs

The new plan aims to reduce the total expenditure of the airline by more than OMR100 million over the next three years.

Oman 2015 Budget Raises State Spending At Expense Of Big Deficit

Government expenditure this year is estimated at OMR14.1 billion ($36.6 billion), up 4.5 per cent from last year’s original plan, the ministry said.

Oman Postpones 2015 State Budget Announcement

A news conference on the budget was scheduled to be held at 10 a.m. local time.