May 19, 20216:47 AM UTC
Middle EastOman s oil firm OQ hires advisers for sale of stake in Portugal s REN
Reuters
2 minute read
Oman s OQ has hired legal and financial advisers to prepare for the possible sale of its entire 12% stake in Portuguese power grid operator REN (RENE.LS), the state-owned oil firm announced late on Tuesday.
OQ, formerly Oman Oil Company, said in a statement the advisers will assist in the preparation of such intended sale through a private placement . No formal decision has been made as to the sale itself or the conditions in which it may be implemented, the statement said. At this point no specific process has been initiated.
Oman s oil firm OQ hires advisers for sale of stake in Portugal s REN
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Oman s oil firm OQ hires advisers for sale of stake in Portugal s REN
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Let this be a summer of art for your children
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Launching its summer 2017 events, Bait Al Baranda is putting together activities that would take children away from the confines of their homes and encourage them to be more productive with their time by engaging with the art.
“We are in the midst of preparing our summer children’s workshop which will feature art classes from gardening to learning about Omani plants, painting of indigenous Omani plants and its recycling, all aimed towards school students,” said Museum Director Malik al Hinai.
This workshop is in partnership with the Omani Botanic Gardens based in Old Al Khoudh, which has been established by Royal order.
One-Stop-Shop for new mining licenses in Oman
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Conrad Prabhu -
MUSCAT, JAN 16 -
Oman’s Public Authority for Mining (PAM) is formulating a new mining exploration and development strategy, underpinned by a Single Window System for the issuance of new licenses, to help unleash the potential of the country’s prodigious mineral resources, according to a top official.
Eng Hilal al Busaidi, Chief Executive Officer, said the Single Window System will allow interested investors to apply for investment-ready blocks or concessions for development, with all of the required permits already in place.
“We are preparing a general strategy for the mining sector that will identify targets and milestones for the development of this industry over the long-term,” said Eng Al Busaidi. “Our expectation from all of the data available so far is that Oman has a lot of minerals metallic and non-metallic but additional appraisal is necessary in order to attract investment in developmen