US EditionRO 87 million in new investments power growth in Oman's Sohar Industrial City - The Arabian Stories News
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RO 87 million in new investments power growth in Oman's Sohar Industrial City - The Arabian Stories News
Muscat: The newly approved projects will span more than 476,000 square meters, pushing the city’s cumulative investment volume to an impressive RO 2.3 billion. This development reflects Sohar’s growing appeal as a hub for diversified industries within Oman’s Vision 2040 framework. Engineer Abdullah bin Ahmed Al Mayasi, Director General of Sohar Industrial City, highlighted the Ladain Plastic Industries Complex as a key player in this growth. The…
Profit falls as staffing costs rise at Oman's Sohar bank
Sohar International Bank, Oman’s second-biggest bank by assets, reported a decline in first-quarter profit on lower net interest income and higher staffing costs. The bank registered a net profit of OR21.5 million ($56 million) in the three months to March 31, a decline of 15 percent over the same period last year. “Compared to the same period last year, total operating income decreased by 8 percent to OR55 million, mainly due to a decrease in …
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