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Oman News and Analysis

Oman has received bids from at least five companies to build a refined products pipeline linking Muscat with Sohar

Oman to spend $400m on crude storage terminalSubscription

First phase of Ras Markaz facility will have storage capacity of between 6-10 million barrels

Logistics

Oman seeks firms for logistics hub Subscription

Tender scope includes roads and infrasrtucture

Port of Salalah, Oman

Oman building new bunkering terminal for Salalah shippingSubscription

Oman Oil Marketing Company signs lease agreement with Salalah Port Services

Al-Reem Island in Abu Dhabi

Abu Dhabi launches $5bn bondSubscription

The emirate’s two part bond was priced at tighter end of the price range

Fertiliser

Companies prepare bids for Oman ammonia plantSubscription

Salalah Methanol Company to build 1,000 tonne-a-day plant in Salalah

Riyadh

Middle Eastern nations lose $390bn of oil revenuesSubscription

IMF expects oil-exporting countries to face further headwinds this year

Oil storage

Oman still prequalifying for major crude storage terminalSubscription

Sultanate planning logistics hub close to Duqm on Al-Wusta coastline

Gas field

Oman assessing bids for deep gas developmentSubscription

Petroleum Development Oman to carry out phase three of the Mabrouk deep gas field

Solar Enhanced Oil Recovery (EOR) Project

PDO lowers target for enhanced oil recoverySubscription

The technology has driven a recovery in oil production in Oman

Muscat, the capital of Oman

Two Omani banks mull merger plansSubscription

Due diligence on the deal was concluded on 23  April

Fibre optic cable

Middle East to get faster internet with new submarine cableSubscription

SEA-ME-WE 5 to land in Saudi Arabia, the UAE, Oman, Egypt, Yemen and Djibouti

Riyadh

GCC agrees with US on patrols to stop arms shipments to YemenSubscription

Agreement was reached at a meeting between US Defense Secretary and Gulf his counterparts

While other Arab nations adopt firm stances on regional politics, Muscat is content to straddle the fence

Omani oil companies in talks to raise $4.35bn of loansSubscription

Government-owned oil majors turn to bank finance amid shrinking state revenues

Reverse osmosis pipes

Oman signs water project agreementSubscription

Developers will sign financing soon

Muscat, Oman

Oman growth projections are slashedSubscription

Fiscal position to deteriorate over next five years, projects IMF

Oman's Sultan Qaboos bin Said al-Said

Sultan Qaboos returns homeSubscription

Medical testing in Germany completed

Construction

UAE accounts for 60 per cent of GCC construction dealsSubscription

Strong Dubai market and slowdown in Saudi Arabia and Qatar are dominant themes for first quarter

Gas field equipment

Larsen & Toubro wins Oman gas projects worth $370mSubscription

Indian group to build to compression depletion facilities for PDO

Refinery

Evoqua wins equipment supply deal on Sohar refinery expansionSubscription

US-based water technologies group to provide carbon adsorption equipment

Desalination plant

Oman IWP developers prepare to sign agreementsSubscription

Local banks finance water project

Ras Tanura refinery

The 10 Gulf oil projects you need to watchSubscription

Part one: MEED looks at the oil schemes in the balance in Oman, Saudi Arabia and the UAE

Al-Reem Island in Abu Dhabi

GCC diversification – the bigger pictureSubscription

The combination of lower oil prices and accumulated reserves has created a window of opportunity to refocus on diversifying Gulf economies

Moodys gcc downgrade 4

GCC needs to finance $250bn fiscal deficitSubscription

Massive deficit in 2016-17 will mean more debt issuance, says Moody’s Investors Service

Moodys 2016 GCC banking sector outlook

Banks delay bond issuance on volatile pricingSubscription

Moody’s expects conditions to toughen for GCC financial sector

Luxury items will be taxed in the UAE

Changes in tax structure and their probable impact in the GCCSubscription

States in the region plan to introduce sales taxes from January 2018

GCC currencies

VAT to smooth government revenue streamsSubscription

Public and private sector prepare for VAT implementation in 2018

Job interview

Attract and retain the best employeesSubscription

Research has identified that employers in the GCC tend to limit themselves by recruiting from the same small recruitment pools

Dubai construction

The outlook for construction in the GCCSubscription

Governments will reposition their plans to allow for a new economic landscape in 2016

UAE banks continue growth

GCC banks hike provisioningSubscription

Problem loans steady in 2015

Coal-fired power station

Massive project finance pipeline for 2016Subscription

Project finance in 2016 shows potential, but banks may hold back