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Sun May 9 22:20:39 EDT 2010
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Savills Oman appointed as leasing agents for Muscat's Royal Opera House retail mall - Oman: The Royal Opera House Development in Muscat has announced that Savills Oman has been appointed to market and lease the retail and restaurant units within the development. Savills' appointment comes at a time when there is much interest in the development which is due to open in the first half of 2011. [AMEInfo.com]


Bank Muscat says it has no plans to sell assets - Oman: Bank Muscat has said it has no immediate plans to sell any of its foreign assets, Reuters has reported. Oman's largest lender by market value has said in a statement that it 'regularly explores strategic alternatives, however the bank refutes a news release issued by Reuters on May 6, 2010'. The report said the bank was considering selling off more foreign assets to reduce rising operational costs. A spokesman for the lender said the company considered all its foreign investments to be strategic. [AMEInfo.com]

Hertz launches partnership with Oman Air - Oman: Hertz, the world's largest general use car rental company, has announced a new partnership with Oman Air to provide members of its Sindbad Frequent Flyer Programme with access to special offers and best available rates in the airline's key destination markets. [AMEInfo.com]

Gulf Bridge International, Omantel sign agreement to land GBI's sub-sea cable system in Oman - Oman: Gulf Bridge International (GBI), the Middle East's first privately owned submarine cable operator, is pleased to announce that Omantel, Oman's leading telecommunications provider and experienced landing site operator, will provide a landing station for GBI's cable in Oman. [AMEInfo.com]

BankDhofar records 35% net profit increase in q1, 2010 - Oman: BankDhofar, ranked number 1, as the "Best Bank in Oman" by the 2010 Oman Economic Review-Gulf Baader Capital Markets Survey, continues implementation of its 5 year strategic plan and has announced a 35% net profit of RO8.8m in the first quarter of 2010, against last years Q1 net profit of RO6.5m. [AMEInfo.com]