Gulam Ali Khan

Muḩāfaz̧at Masqaţ

Business Editor at Muscat Daily

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Articles

Duqm to host region’s first major wind turbine manufacturing facility

1 week ago | muscatdaily.com | Gulam Ali Khan

Muscat – A specialised factory for the manufacturing of wind turbines is set to be established in the Special Economic Zone at Duqm (SEZAD), marking a significant step in advancing Oman’s renewable energy ambitions. The facility is expected to play a key role in supporting the sultanate’s future clean energy projects by supplying locally manufactured turbines for wind farms across the country.
Ahlibank accepts merger plan proposed by Sohar International

1 week ago | muscatdaily.com | Gulam Ali Khan

Muscat – Ahlibank’s board of directors has accepted the merger proposal outlined in a letter of intent submitted by Sohar International Bank. On Monday, Sohar International announced its intention to explore a potential merger with Ahlibank and formally presented its proposal through a letter of intent to Ahlibank’s board. Ahlibank’s board convened on Thursday to review and evaluate the terms and strategic merits of the proposed merger.
FinScape: Bridging the gap between businesses and banks

2 weeks ago | muscatdaily.com | Gulam Ali Khan

INTERVIEW WITH RASHAD AL MUSAFIR, FOUNDER & MANAGING PARTNER, FINSCAPEMuscat – FinScape is an Oman-based leading professional services firm offering a comprehensive suite of financial consultancy and advisory services. In an exclusive interview, Rashad al Musafir, Founder and Managing Partner of FinScape, shared insights into his transition from a successful 25-year career in banking to founding a pioneering financial consultancy firm.
Sohar International eyes merger with Ahlibank

2 weeks ago | muscatdaily.com | Gulam Ali Khan

Muscat – Sohar International Bank on Monday announced its intention to explore a potential merger with Ahlibank. In a meeting held by its board of directors, Sohar International resolved to send a letter of intent to the board of Ahlibank, proposing a merger between the two banks.
Mercedes-Benz: Leading Oman’s luxury market with trust and innovation

1 month ago | muscatdaily.com | Gulam Ali Khan

Muscat – For the eighth consecutive year, Mercedes-Benz Oman has secured the title of Oman’s Most Trusted Brand in the Automotive (Luxury) Category. This recognition reaffirms Mercedes-Benz’s strong presence and deep-rooted legacy in the Omani market.
FSA launches eIPO platform to speed up securities issuance

1 month ago | muscatdaily.com | Gulam Ali Khan

Muscat – As part of its efforts to digitise services and streamline procedures regulating the Omani capital market, the Financial Services Authority (FSA) has launched the first phase of the electronic securities issuance system (eIPO). This new system aims to enhance efficiency and expedite transactions between the FSA and relevant entities.
Asyad Shipping sets price range for RO128mn IPO

2 months ago | muscatdaily.com | Gulam Ali Khan

Muscat – Asyad Shipping, a subsidiary of Asyad Group, has announced the price range for its highly anticipated initial public offering (IPO), which is set to open for public subscription on Thursday. The offering, expected to raise up to RO128.1mn at the top end of the price range, will value the company at up to RO640.7mn. The IPO will consist of 1,041,748,856 existing shares being sold by Asyad Group, representing 20% of Asyad Shipping’s total issued share capital.
GCC ‘a bright spot’ in global economy, says IMF chief

2 months ago | muscatdaily.com | Gulam Ali Khan

Muscat – The GCC region has been a bright spot in the global economy, with member states enjoying sustained growth, contained inflation, and strong financial buffers, according to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). “This success did not happen in a vacuum.
UK investment in Oman tops $35bn, diversifying beyond oil & gas

2 months ago | muscatdaily.com | Gulam Ali Khan

“UK Foreign Direct Investment in Oman grew by $5bn in the 12 months to September 2024.
GCC project awards rise 9.6% to record high of $273bn in 2024

2 months ago | muscatdaily.com | Gulam Ali Khan

Muscat – The total value of contracts awarded in the GCC countries reached a new record in 2024. GCC project awards saw a 9.6% year-on-year increase, totalling $273.2bn, compared to $249.4bn in 2023, according to a research report from Kamco Investment. This growth in contract awards was primarily driven by an exceptional increase in project awards in Saudi Arabia, coupled with strong performance from the UAE, despite a year-on-year dip in the value of contract awards in the latter.