Oman Observer - Business

India’s JBF Industries plans PTA plant at Sohar Port

By A Staff Reporter
MUSCAT — Indian petrochemicals manufacturer JBF Industries Limited has announced that it has signed a Memorandum of Understanding with the Omani government-owned Oman Oil Company SAOC (OOC) for the establishment of a major purified terephthalic acid (PTA) plant at the Port of Sohar.

Small business confidence in Middle East high: survey

By A Staff Reporter
MUSCAT — Business confidence among the Middle East’s small and medium-sized enterprises (SMEs) is high, according to a survey conducted in Q409 by TNS for HSBC. Qatar, Saudi Arabia and Egypt in the Middle East were included in the survey. Across the region,....

By A Staff Reporter
MUSCAT — Oman Development Bank (ODB) has again taken the initiative to be the lead sponsor for the SME Exhibition and Conference. ODB Platinum Sponsor has brought forward the acknowledgement for the event as the event to spearhead and move forward the Small and Medium Enterprises agendas in the Sultanate.

By A Staff Reporter
MUSCAT — Oman Oil Marketing Co SAOG (omanoil), the Sultanate’s fuel and lubricants marketing sector’s leader, has been recognised as the second most well-known brand in Oman. The prestigious accolade comes in Oman Daily Observer’s recent greatest brands survey,...

Asian plane orders seen topping trillion dollars in 20 years

SINGAPORE — Asia-Pacific airlines are expected to purchase some 8,000 new passenger and cargo planes worth $1.2 trillion from 2009 to 2028, Airbus officials said yesterday. The demand represents one third of predicted global deliveries during the period, and much of it will be for larger aircraft such as the A380 super jumbo,...

EU endorses Greek deficit plans; urges more action

BRUSSELS — The European Commission endorsed yesterday a Greek plan to cut its budget deficit below three per cent of GDP by the end of 2012, but said it must take further steps to cut public sector wages and put finances in order. In an assessment closely watched by financial markets weighing up Greece's credibility as a debtor,...