Islamic banks see SMEs, digital services driving next growth phase
MUSCAT, SEPT 16 Oman’s Islamic banking industry should expand financing to small and medium enterprises and accelerate digital services as increasingly sophisticated customers demand speed,...
Oman Islamic finance seeks deeper, more liquid markets
MUSCAT: Oman’s Islamic finance industry needs deeper capital markets, greater liquidity and a broader range of investment products to sustain its rapid expansion as the sector heads towards an...
Oman Islamic banking assets top RO 9.6 billion
MUSCAT: The Sultanate of Oman is moving to deepen its Islamic money and sukuk markets as the Central Bank of Oman (CBO) seeks to strengthen the sector’s role in financing investment, economic...
Sharia-compliant firms hit RO 8 billion market value
MUSCAT: The market capitalisation of 35 Sharia-compliant companies on the Muscat Stock Exchange (MSX) has reached around RO 8 billion, accounting for about 52 per cent of the relevant market universe,...
Oman's Islamic banking assets top RO 9.6 billion
MUSCAT: Oman is moving to deepen its Islamic money and sukuk markets as the Central Bank of Oman (CBO) seeks to strengthen the sector’s role in financing investment, economic diversification and the...
Oman property trade hits RO 1.43 billion
MUSCAT, SEPT 13 The total traded value of real estate in the Sultanate of Oman reached RO 1.434 billion in the first half of 2026, supported by steady sales, mortgage financing and growing demand for...
Oman launches EPC tender for Ras Markaz oil park expansion
MUSCAT: Oman has launched the engineering, procurement and construction (EPC) tender process for the next phase of development of the Ras Markaz Crude Oil Park, inviting qualified Omani and...
Philippine business eyes Oman opportunities
MUSCAT: Philippine business leaders expressed growing interest in expanding commercial links with Oman on July 26, as the Third Oman–Philippines Forum showcased investment opportunities in the...
Oman, Philippines push investment corridor
MUSCAT: Oman and the Philippines are seeking to deepen trade and investment ties by positioning themselves as regional gateways linking Southeast Asia with the Gulf Cooperation Council (GCC), as both...
Oman streamlines OFW hiring with unified system
MUSCAT: The Sultanate of Oman has introduced a centralised medical examination and visa processing system for Filipino workers, a move aimed at accelerating recruitment, improving service quality and...
Rakiza deepens Oman’s water infrastructure push
MUSCAT: Rakiza Fund I and IV3 Aqua have agreed to acquire Majis Industrial Services SAOC from OQ, strengthening private-sector investment in Oman's industrial water infrastructure as the...
PDO seeks bids for flare gas, seismic projects
MUSCAT: Petroleum Development Oman (PDO) has launched two procurement opportunities aimed at reducing gas flaring and strengthening subsurface exploration capabilities, inviting qualified local and...
Oman opens bidding for Salalah limestone mining sites
MUSCAT: The Ministry of Energy and Minerals has launched a public investment opportunity for two limestone mining sites in Salalah, inviting qualified Omani companies to bid for the projects as part...
Oman advances SOHAR polymer plant
MUSCAT: Oman has taken a step towards expanding its downstream chemicals industry after a financing agreement was signed to support the establishment of a major acrylamide and polyacrylamide...
India opens tariff quotas for Omani exports
MUSCAT: India has formally notified the procedures for implementing tariff-rate quotas (TRQs) under the Oman-India Comprehensive Economic Partnership Agreement (CEPA), paving the way for preferential...
Nama accelerates drive towards fully Omani water workforce
MUSCAT: Nama Water Services is stepping up its workforce localisation strategy with a new intake of 303 Omani employees as the state-owned utility moves closer to achieving full Omanisation across its...
Oman LNG exports reach 11.9 million tonnes
MUSCAT: Oman exported 11.9 million tonnes of liquefied natural gas in 2025, ranking as the world’s eighth-largest LNG supplier and accounting for 2.7 per cent of global trade, according to the...
IFC sees United Solar as diversification catalyst
MUSCAT, JULY 8 The International Finance Corporation (IFC) views its investment in United Solar Polysilicon's $1.6 billion manufacturing facility in Suhar as a strategic step towards building a...
Oman pharmaceutical market to hit $1.24 billion
MUSCAT, JULY 7 The Sultanate of Oman is positioning its special economic zones, free zones and industrial cities to capture a larger share of the fast-growing pharmaceuticals and medical devices...
United Solar closes $1.6 bn funding
MUSCAT, JULY 6 United Solar Polysilicon has completed a $1.6 billion capital raising for its polysilicon manufacturing project in Sohar after securing the financial close of a $50 million equity...