REUTERS National Bank of Oman (NBO), the sultanate’s third-largest lender by assets, beat analysts’ expectations on Thursday despite posting flat growth in second-quarter net profit, according to Reuters calculations. The lender made a net profit of 15.46 million rials ($40.2 million) in the three months to June 30, Reuters calculated based on previous financial statements in lieu of a …

  REUTERS Italy’s state railways company expects to sign a contract to build the first stretch of a high-speed rail line in Iran in February 2017, its chief executive said on Thursday. The contract for the roughly 100 km-stretch between Qom and Arak is worth about 1 billion euros ($1.1 billion), Ferrovie dello Stato <IPO-FERRO.MI> chief Renato Mazzoncini said at …

  WAM The British-based mining company Savannah Resources has announced that it has appointed two new directors to reflect a 1.7 million pound investments made by Al Marjan Limited. According to Mozambique News Agency, AIM, Savannah has rights to three blocks in the copper-rich Semail Ophiolite Belt in the Sultanate of Oman. Its strategy is centred on building a copper …