Business Blog

Construction of a 206-room five-star hotel has started at the USD600 million (OMR230,346,000) Saraya Bandar Jissah development, the first Integrated Tourism Complex launched in seven years located on the outskirts of Muscat in the Hajar Mountains.

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,

Rolls-Royce agrees to sell its energy gas turbine and compressor business to Siemens for £785m.

French bank cites economic fallout from the Ukraine crisis as the reason behind the writedown on the goodwill of its Rosbank subsidiary

The ban on exporting unprocessed ores aims to boost investment to protect local employment but the short-term impact is having the opposite effect

Chinese internet giant Alibaba files documents for a public share sale in the US, which is widely expected to be one of the biggest in history.