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FINANCIAL NEWS
Oman to sell 19 pct of its stake in Omantel
18 Sep 2013
(MENAFN) Oman will sell 19 percent of its stake in Oman Telecommunications Company (Omantel), the biggest mobile telecom operator in Oman, in order to raise USD595 million and support non-oil income, according to Gulf Daily News.
Oman’s sale plan aims to add more companies under the state’s control, according to analysts.
The International Monetary Fund expects the budget deficit to reach 0.9 percent by the end of 2015 and boost up to 6.8 percent in 2018. As a result, containing the state spending in Oman may be a solution to maintain the fiscal balance stable.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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