News
OMAN RANKS FIRST IN GCC FOR SUSTAINABLE TOURISM
Oman is ranked first in the GCC and third in the Arab world in the Sustainable Travel Index 2020 released by Euromonitor International on March 12. According to the index, Scandinavia is leading by example in its engagement and progress towards sustainable travel, with Sweden ranked first, followed by Finland, Austria, Estonia and Norway. These […]
MAJID AL FUTTAIM LAUNCHES DHS28M VILLAS IN AL MOUJ MUSCAT DEVELOPMENT
The six-bedroom Zunairah mansions have private infinity pools, landscaped gardens and direct access to the beach Al Mouj Muscat, a property being jointly developed by UAE-based Majid Al Futtaim Properties, the Oman Tourism Development Company (Omran) and the Oman National Investment Development Company (Tanmia), announced the launch of its 6-bed villas and mansions on Monday. […]
BANK MUSCAT ANNOUNCES SUCCESSFUL ISSUANCE OF $500 MILLION EMTN BONDS
Muscat: Bank Muscat, the leading financial services provider in the Sultanate of Oman, has announced the successful closure of its 5-year $500 million Euro Medium Term Note (EMTN) bond programme at an attractive coupon rate of 4.75 per cent per annum. The bond issue, which is part of a larger $ 2 billion EMTN programme announced […]
COMPANIES FACE TOUGHER TIME OBTAINING BANK LOANS
Small and medium businesses find it tougher to obtain a bank loan now than four years ago, government figures confirmed.The success rate in getting a bank loan fell from 92% in 2007 when the era of easy credit was at its peak to 65% last year. Building sector firms had the toughest battle according to the Northern Ireland survey of […]
PUBLICIS SETS UP €150M DIGITAL VENTURE CAPITAL FUND
The capital investment fund will offer finance to budding entrepreneurs in the digital economy, particularly in France and the European Union, focusing on digital technology, content and services. Investments will be divided into three distinct categories. Seed-capital and early-stage investment will target fledgling companies in France and Europe, with investments of up to €1m. […]
CERTIVOX SECURES NEW INVESTMENT FOR BREAKTHROUGH SECURITY TECHNOLOGY FOR THE CLOUD
CertiVox, an information security company, announced today that it has closed a second round of Series A venture capital funding. The GBP 1,500,000 round (approximately $2,400,000) was led by Octopus Investments and included Pentech Ventures, both existing investors based in the UK. Following the investment, Dr. Luke Hakes, principal at Octopus, will join the CertiVox […]