Tag Archives | Oman

Omantel Buys 10% of Zain Group

Oman Telecommunications (Omantel) has announced that it will purchase 425.7 million of Zain‘s treasury shares in a cash transaction at an offer price of KWD 0.60 per share – subject to regulatory approval. Once complete, Omantel will own a minority stake in Zain Group of approximately 9.84% in outstanding common shares. The total consideration of […]

Oman Air commences flights to Najaf from November

By John Lee. Oman Air has announce that it will be commencing its four times weekly service from Muscat to Najaf from November. Paul Gregorowitsch, Chief Executive Officer at Oman Air, said: “Following a temporary delay of our service to Najaf as the Operational teams were assessing and scheduling all fleet types for safe deployment […]

Oman Air Postpones Launch of Najaf Route

By John Lee. Oman Air has announced that the start of its planned service between Muscat and Najaf is delayed from 15th September to 1st October. The airline said in a statement: “The decision was taken in line with Oman Air’s over-riding priority of ensuring the safety and well-being of all its customers and staff.” […]

Galfar Plans Expansion into Iraq

Oman-based Galfar Engineering is considering expansion into Iraq. Vice chairman and MD Dr. P Mohammed Ali was reported by Muscat Daily as saying: “Currently, we work out of Oman, India and Kuwait. We have plans to expand to countries such as Saudi Arabia and Iraq in the future. As we grow, our main aim will […]