Indian beauty and lifestyle retailer Nykaa has entered into a partnership with Middle East’s Apparel Group to build distinctive Gulf Cooperation Council (GCC) focused beauty offerings in the UAE, Qatar, Kuwait, Oman, Saudi Arabia, and Bahrain. Founded in 2012 by Falguni Nayar, Nykaa is said to have disrupted the Indian beauty market with its expertise […]
Indian pharma company Biocon Limited has forged a partnership with Tabuk Pharmaceutical Manufacturing Company to commercialize certain specialty generic medicines in the Middle East. Tabuk Pharmaceutical is a wholly-owned subsidiary of Astra Industrial Group, a pharma company in the Middle East and North Africa (MENA) region. As per the agreement terms, Tabuk Pharmaceuticals will have […]
Infosys said that it has helped Omani banking group BankDhofar complete a three-phase modernization program by utilizing Infosys Finacle digital banking suite. Wrapped up ahead of schedule, the modernization program had covered digital transformation of the core banking platform, digital channels and branches of the Omani bank. This was done in line with its ambition […]
SVP Global Ventures, an Indian cotton yarn manufacturer, said that it has started commercial operations at its $150 million textile factory in Oman. Through its subsidiary SV Pittie Sohar Textiles (FZC), the SVP Group company established 1.5 lakh spindles and 3,500 rotors facility at Sohar Free Trade Zone. The textile factory in Oman is anticipated […]
DUG Technology Group has bagged a five-year contract from CC Energy Development (CCED) for providing advanced seismic imaging services for the latter’s exploration and development program in Oman. According to the an ASX listed technology company, the first two projects are currently being executed from its US office in Houston and is expected to bring […]
Madhav Marbles and Granites said that the trial run of plant and machinery of the engineered stone plant at Madhav Surfaces LLC in Oman has been completed successfully and commercial production has started. Madhav Surfaces is a joint venture (JV) of the company’s subsidiary – Madhav Ashok Ventures Private Limited, India and Al Khanjar Commercial […]
Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) and Sabeen Group represented by “Sabeen Investment” have signed a land usufruct agreement to build a commercial entertainment center in the Special Economic Zone at Duqm (SEZAD) over an area of 10,500 sqm. The commercial entertainment center will be built with an investment of […]
Oil and gas giant BP has signed a deal worth $2.6 billion to divest a 20% participating stake in the producing Block 61 in Oman to Thailand-based PTT Exploration and Production Public Company (PTTEP). Upon closing of the deal, BP will continue as operator of the block with a 40% stake. The other partners in […]
BP and its partners Makarim Gas Development (OQ), Petronas have started production from the Ghazeer gas field in the phase 2 of the onshore Block 61 in Oman. Production from the Omani gas field was achieved 33 months after the approval of the development. The Ghazeer gas project was initially expected to be brought on […]
Maha Energy said that it is set to be awarded a new onshore exploration block – Block 70 in Oman that includes the Mafraq heavy oil field from the Omani Ministry of Energy and Minerals. According to the Swedish oil and gas company, Mafraq is a shallow undeveloped field. Block 70 is located in the […]