GCC to implement e-commerce regulatory framework
MUSCAT, MAY 28A framework for the regulation of online trade and e-commerce within the Gulf Cooperation Council (GCC) region will soon be released, according to a key official of the Emirati Ministry...
Omani company utilises tech to provide property solutions
MUSCAT, MAY 28Omani proptech company ‘Doorly’ utilises technology to provide potential buyers with property solutions. Through an online chatbot launched earlier this year, the company acts as a...
COMEX: E-commerce market projected to reach $3.27 billion by 2027
Muscat: The value of the Omani e-commerce market is expected to grow at a compound annual growth rate of 9.8 per cent from 2023 to 2027 to reach a market size of $3.27 billion, according to Dr Saleh...
Sizable uptick in Iran-GCC trade volumes
MUSCAT, MAY 26The volume of trade exchange between the Republic of Iran and countries of the Gulf Cooperation Council reached $8.2 billion in 2021, according to a recent report published by the GCC...
Agriculture Ministry highlights potential of halal food industry
MUSCAT, MAY 22Oman’s Ministry of Agriculture, Fisheries and Water Resources highlighted the significance of the halal global food industry at the 2024 Russia-Islamic World forum, which was held...
Oman-Russia ties progressing well: Al Saqri
MUSCAT, MAY 20Bilateral and multilateral ties involving Oman and Russia are progressing well, according to a statement made by the Omani Minister of Economy, Dr Said bin Mohammed al Saqri, during the...
TRA launches survey to regulate last-mile delivery in Oman
MUSCAT, MAY 19The Telecommunications Regulatory Authority (TRA) has launched a public consultation to elicit stakeholder feedback on its draft regulations governing last-mile delivery services in...
OQ8 dedicates $534 million towards SMEs
MUSCAT, MAY 19OQ8, the joint venture of Oman’s OQ Group and Kuwait Petroleum International (Q8), which owns and operates the Duqm Refinery, has revealed that it had allocated over $500 million to...
Volume of investments between Oman and Qatar reaches $1.4 billion
MUSCAT: The volume of investments between the Sultanate of Oman and the State of Qatar has amounted to $1.4 billion as of end-2023, according to Zahra Ali al Siyabi, Head of the Commercial...
Beban invites applications for Season 4
MUSCAT, MAY 13GCC-based entrepreneurial reality television show Beban has announced in a recent post that it is accepting applications from entrepreneurs in the region, including the Sultanate of...
Investments in Oman’s AI sector projected to reach $250m
MUSCAT, MAY 12The volume of investment inflows into the Artificial Intelligence (AI) sector in Oman is expected to reach $250 million, according to Dr Ali al Shidhani, Under-Secretary of...
MoTCIT conference discusses crisis response to air crash
Muscat: The Ministry of Transport, Communications and Information Technology (MoTCIT) hosted the “Assistance to Aircraft Accident Victims and their Families” conference in collaboration with the...
Creative industries: An untapped, but promising, economic sector in Oman
MUSCAT, MAY 7The economic value of creative industries, while accounting for a 3.1% share of global GDP in 2022, is yet to be ascertained in the Sultanate of Oman – a shortcoming that the newly...
MSX forum highlights importance of Shariah Index
MUSCAT, MAY 6The Muscat Stock Exchange (MSX) hosted the ‘Shariah Index - Economic Prospects’ forum here on Monday, May 6, 2024, under the auspices of Dr Said bin Mohammed al Saqri, Minister of...
MoTCIT to launch space entrepreneurship workshop next month
MUSCAT, MAY 5The Ministry of Transport, Communications and Information Technology (MoTCIT) has announced the launch of a space entrepreneurship programme.According to the Ministry, the training course...
GCC – Japan bilateral trade topped $140 billion in value in 2022
MUSCAT: The volume of trade exchange between countries of the Gulf Cooperation Council and Japan amounted to $140 billion in 2022, according to a recent report issued by the Council.According to the...
Oman plans campaign to promote public transport use
Muscat: The Ministry of Transport, Communications and Information Technology is currently in the process of launching a campaign to encourage the adoption of public transport, according to the...
FSA to implement fund for emergency medical treatment of visitors
MUSCAT, APRIL 28The Financial Services Authority (FSA) has been mandated to set up a fund to provide financial assistance to visitors facing medical emergencies, per the provisions of Decree No....
MoU to combat faulty electricity metre readings
Muscat: The Ministry of Commerce and Industry and Investment promotion and the Authority for Public Services Regulation recently signed a Memorandum of Understanding (MoU) to manage electricity...
Value of Oman’s cybersecurity market to hit $58 million by 2025
MUSCAT, APRIL 24The value of the cybersecurity market in the Sultanate in Oman is expected to grow to $58 million by 2025 at an average annual compound growth rate of 24 per cent, according to Eng...