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ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

Oman sees hospitality industry revenue fall 3.5%

The number of guests in three and five star Omani hotels increased.
  • Domestic guests constituted the highest percentage of visitors in hotel industry of Oman
  • The occupancy rate of hotels in Oman rose by 36.3 percent

Hotel guests’ numbers in Oman have been increased by 37.9 percent till the end of October 2021 to stand at 941,418 compared to 682,728 guests in 2020.

The country’s National Center for Statistics and Information’s current report shows that the occupancy rate in Oman grew by 36.3 percent compared to 26.7 percent for the same period in 2020.

The total revenues of the hotel industry of Oman fell by 3.5 percent to RO69,529,000 ($180.83 million) till October 2021, compared to RO72,066,000 ($187.43 million) in the same period in last year.

The NCSI statistics highlighted that domestic guests have supported the country’s hotels in spite of all the restrictions caused by Covid-19 outbreak.

Since the beginning of 2021, many hotels had announced packages to promote and staycation offers to engage Omani residents.

The number of Omani guests increased by 93.5 percent to stand at 680,238.

This was followed by 109,764 Asian guests, 44,628 European guests, 37,259 Arab guests, and 20,751 GCC guests.

American guests’ number reached 15,246, followed by the 5,548 Oceanian guests, 3,376 African guests, and 24,609 guests from other countries.