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Financing Agreement

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Financing AgreementMeethaq Islamic Bank at Bank Muscat, signed a financial agreement with Safe Alloys, a Sohar Free Zone company which intends to set up a low carbon ferro chrome production plant at the free zone.Bank Nizwa RatingBank Nizwa was assigned first time ratings of Baa3 by Moody’s, one of the world’s most renowned credit rating agencies, reflecting the bank’s top quality assets and operating margins.Stock MarketOman's benchmark MSM 30 Index marginally increased by 0.83 points or 0.02 per cent, to close at 5,249.24 compared to the last trading session. Market capitalisation reached OMR17.80 billion on Sunday's trading.Aldar’s Reem IslandA focus on lifestyle driven amenities and residential development projects is propelling Aldar’s master planned community on Reem Island towards being one of the most attractive destinations in the UAE Capital.New Zealand-US TradeThe United States has indicated that it is open to a free trade agreement (FTA) with New Zealand, New Zealand's trade minister said on Sunday.Website: http://timesofoman.comFacebook: http://facebook.com/timesofomanTwitter: http://twitter.com/timesofoman

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