Oman Observer - Business

Ahli Bank highlights growth and performance

By A Staff Reporter
MUSCAT — Ahli Bank organised an analyst briefing at the Capital Market Authority auditorium here yesterday. This is an annual event aims at informing the market, authorities, business analysts and the media about its plan and manner in which the bank conducts its business on assets, liabilities and investments as well as its corporate governance and compliance policies.

A’Saffa plans to expand distribution network

By A Staff Reporter
MUSCAT — A’Saffa, the popular local poultry brand observed its fourth anniversary at Grand Hyatt on Monday under the auspices of Ahmad bin Hassan al Dheeb, Under-Secretary of Ministry of Commerce and Industry. Large number of A’Saffa’s well wishers including government officials, officials from private sectors, customers, staff, ....

By A Staff Reporter
MUSCAT — Representatives from Abu Dhabi's ADNOC and ADCO joined colleagues from Oman's Ministry of Oil and Gas, Oman Gas Company, and BP professionals from the region at a five-day training course here. ASSET is a business simulation course focused on the oil exploration industry.

By A Staff Reporter
MUSCAT — KPMG, the global network of professional service firms providing Audit, Tax and Advisory services, has announced that member firm combined revenues increased to $22.69 billion for the fiscal year ending September 30, 2008, versus $19.81 billion for the prior fiscal year, reflecting double-digit growth across all of KPMG’s service lines.

Doosan training concludes

By A Staff Reporter
MUSCAT — Technical experts from Doosan Infracore were recently in Oman to conduct a two-day training at the Al Hashar Technical Training Centre focusing on the benefits of Doosan products and ‘Moxy Articulated Dump Trucks’ (ADT) that will be introduced to the GCC markets in 2009.

US economy shrinks as IMF warns of Great Depression

LONDON — The US economy shrank by 0.5 per cent in the third quarter, official data showed yesterday as Britain edged ever closer to a recession and the IMF’s top economist warned of a second Great Depression. The abrupt contraction of gross domestic product (GDP) in the world’s largest economy, confirming a first estimate,...