Business Blog

Muscat May 07, 2014: Following the announcement in 2013 by the Tilal Development Company (TDC) for the issuance of the first corporate Sukuk in the Sultanate, the Company is proud to announce that it has paid the initial semi-annual payment of 5% on 30 April 2014 to the respective Sukuk holders.The OMR 50 million Sukuk (US$130 million), was announced in 2013 and is based on the Ijarah structure,

DUBAI, May 7 (Reuters) - Qatar's struggling property developer Barwa Real Estate BRES.QA said on Wednesday that it was selling Barwa City project to the property arm of the country's sovereign wealth for 7.57 billion riyals ($2.08 billion) The...

DUBAI, May 7 (Reuters) - Qatar's struggling property developer Barwa Real Estate BRES.QA said on Wednesday that it was selling Barwa City project to the property arm of the country's sovereign wealth for 7.57 billion riyals ($2.08 billion) The...

Muscat: The Central Bank of Oman (CBO) is in the process of finalising initial works for issuing short-term Islamic finance instruments to help Islamic institutions to park their excess funds within the country.

Muscat: The Central Bank of Oman (CBO) is in the process of finalising initial works for issuing short-term Islamic finance instruments to help Islamic institutions to park their excess funds within the country.

Targeting Saudi and other Gulf markets, a number of hotel groups and investors announced projects and expansion plans during the second day of Arabian Travel Market.