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Oman News and Analysis

Dubai's Shuaa Capital closes SME loan

Dubai Group to sell stakes in Shuaa and two other banksSubscription

  Dubai government-controlled group is in the process of selling its stake in Shuaa

Power plant

PDO and Oman utilities sign network agreementSubscription

Agreement will assist plans to develop a 400kV transmission system throughout the sultanate

Steel sector hit by China slowdown

Sun Metals’ $400m Oman steel project shelvedSubscription

Steel prices and economic slowdown hits plans to build steel plant in Sur

Firms prequalify for Salalah ammonia plant

Six companies bid for Salalah ammonia plantSubscription

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


Moody’s downgrades slew of GCC debt issuersSubscription

Banks, utilities and telecoms hit

Doha, capital of Qatar

Qatar mandates banks for potential bond issuanceSubscription

The gas-rich gulf state is scheduled to start investor meetings from 19 May

Power plant

Oman IPP close to finance dealSubscription

Japanese continue leading role in power finance

Gas plant

Oman exports first oil shipment from Musandam plantSubscription

Estimated $480m plant starts up about five years after construction contract awarded

Power lines

Consortium signs contract for 3,219MW Oman IPPSubscription

Power project will be split over two sites


Moody’s slashes debt rating of three GCC statesSubscription

Saudi Arabia, Oman and Bahrain’s rating downgraded by a notch due to low oil prices 

Muscat, Oman

All funding options open for Oman airport citiesSubscription

PPP likely to be tapped

Oman rail scheme seeks consultant

Oman suspends rail projectSubscription

$15bn scheme put on hold

Oman coastline

Eagle Hills plans Oman resortSubscription

Abu Dhabi developer has a growing portfolio of regional and international projects

Muscat, Oman

IMF says Oman reforms to contain deficitSubscription

GDP growth will continue to slow

Oman refinery

Banks expect Oman refinery loan in second half of 2016Subscription

ECAs approached for multibillion-dollar financing

Oman port

Truck Oman to build facility at DuqmSubscription

Project will cover 23,000 square metres

Onshore oil rig

Oman assessing brownfield oil and gas field bidsSubscription

Project awards delayed after tenders floated in 2014

Power plant

Oman seeks adviser for future utility projects roleSubscription

Adviser will assist with establishing procurement processes for future power and water projects

Oman extends bid deadline for water distribution deal

Oman sets new water transmission prequalification deadlineSubscription

Contractors are now preparing to submit documents at the end of May

Mirdif City Centre mall in Dubai

Majid al-Futtaim plans $714m Oman mallSubscription

Developer says it plans to invest $1.3bn in the Sultanate


New regulations to boost Oman’s Islamic finance industrySubscription

Muscat has introduced a detailed framework in the interests of clarity and transparency for market players

Khaled Sifri

Region holds on to its entrepreneurial spiritSubscription

Interview: Khaled Sifri, CEO, Emirates Investment Bank

Sani Sener, TAV Group

TAV Group stands firm on airport PPPsSubscription

Interview: Sani Sener, CEO of TAV Group

Cleveland Clinic Abu Dhabi

Healthcare projects continue despite spending slowdownSubscription

Governments continue to prioritise hospital schemes

Dubai doubles capacity of solar project

Must read: Dubai's solar record, Al-Zour extension and Aramco awards Ras Tanura dealsSubscription

Low bid beats tariff for previous phase of Dubai’s solar park

City Centre Mall

The 10 retail projects you need to watch: Part 1Subscription

MEED looks at the major new retail projects being developed across the region

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