Tag Archives: Oman

Meezan Bank agrees to acquire HSBC Bank Oman

Meezan Bank has signed an agreement with HSBC Bank Oman to acquire the latter’s banking business in Pakistan, according to a stock filing. Owned 51% by HSBC Holdings, HSBC Bank Oman’s operations

PM for intense trade relations with Oman

Riyadh Yousuf Ahmed Al-Raisi, Ambassador of Oman, called on Prime Minister Raja Pervez Ashraf at the Prime Minister’s House on Thursday. The prime minister said that Pakistan and Oman enjoy close fraternal

Heavy security prevents protests in Oman city

SOHAR – Heavy security prevented fresh protests after Friday prayers in the Omani city of Sohar, where protesters camped out for over a month before security forces moved them out last week.
Checkpoints were set up across the northeastern industrial city with dozens of armoured vehicles blocking access to protest areas. Residents’ names were checked against a list and access to mosques was restricted, while a helicopter flew overhead, witnesses said. Demonstrations in Oman,

Oman’s ruler grants parliament legislative powers

MUSCAT – Oman’s Sultan Qaboos on Sunday granted legislative power to the previously toothless Oman Council after weeks of anti-government protests in the strategic Gulf state.
“We grant the Oman Council legislative and regulatory powers,” said a royal decree carried by ONA state news agency, referring to the elected Majlis Ash-Shura consultative council and the all-appointed Council of State. “A technical committee of specialists is to be formed to propose amendments to the state