Construction work begins on tuna and sardines canning complex in Duqm
@JmObserver - With the aim to localise supply chains and to achieve the company’s strategy to develop In-Country Value (ICV), the International Seafood Company, a subsidiary of Fisheries...
China is top market for Oman crude in August
@JmObserver - China accounted for 84 per cent of Oman’s total crude exports of 26 million barrels in August 2022, a slight decrease of 0.9 per cent from the previous month, the Ministry of Energy...
Oman’s 105-MW Amin solar PV plant gets global certificate
@JmObserverOman’s 105-MW Amin solar PV plant has been registered as the first solar energy project in the country with a global renewable energy certificate.The global energy renewable certificate...
Oman’s oil exports to Japan increase by 206%
The Sultanate of Oman's crude oil and oil condensate production increased by 10.1 per cent by the end of July to reach 223,176, 800 barrels, according to the latest data from the National Center for...
Tender floated for design and construction of Oman Cultural Complex
@JmObserver - Acting in cooperation with the National Records and Archives Authority, the Secretariat-General of the Tender Board announced an international tender for the design and construction of...
MENA region's green hydrogen electrolyser capacity set to be second largest
@JmObserver - The Middle East and North Africa (MENA) region is set to become the second-largest green hydrogen electrolyser installer in 2040, this according to the latest report of Rystad Energy....
EthisX’s first P2P crowdfunding campaign features Oman’s tailor chain
@JmObserver - EthisX, part of Ethis Group, has launched its first peer-2-peer (P2P) crowdfunding campaign in the Sultanate for Oman for Al-Naamani, one of the oldest tailor chains in the country....
Oman hosts UNEP workshop on mercury management
@JmObserver - The United National Environment Programme (UNEP) with the support from the Global Environment Facility (GEF) conduct a training workshop on legal and institutional frameworks to...
Oman, S Korea strengthen cooperation on energy supply chain
@JmObserver - The Sultanate of Oman and South Korea agreed to strengthen cooperation on energy supply chain, renewables and hydrogen, this according to South Korea’s Ministry of Trade, Industry...
MSX-listed companies post $468.4 million total net profits in Q2
@JmObserver - Total net profits for listed companies in Muscat Stock Exchange (MSX) increased by 11 per cent y-o-y to $468.4 million in Q2 2022 compared with $422 million in the same quarter in...
Market cap of Oman’s bourse climbs to RO 23 billion
@JmObserver -The market capitalisation of the Muscat Stock Exchange (MSX) already reached RO 23 billion ($59.74 billion) so far this year, up from $57.458 billion at the end of 2021, this according to...
Oman — a pioneer in regional Islamic finance
The Sultanate of Oman is a pioneer in the field of local and regional Islamic finance, this according to a report of Redmoney — a Malaysian institution specialising in Islamic financial...
Project to upskill Omani fishermen to produce grade-A sashimi tuna
A pilot project to promote Omani fisheries as a new source of grade-A sashimi yellowfin tuna in the global market was launched recently.The project, launched in Masirah — off the Sultanate of...
Oman’s expat remittances vs GDP the highest in the region
Remittances by expatriate workers in Oman reached RO 3.11 billion ($8.1 billion) in 2021, a 7.5% decrease compared to 2020 with RO 3.373 billion, according to a latest report by GCC-Stat. Remittances...
Oman holds the highest fish consumption rate per capita in the world
@JmObserver - The Sultanate of Oman holds the highest fish consumption per capita in the world with 27 kilogrammes annually, according to the Fisheries Development Oman — a subsidiary of Oman...
EDO receives ‘BB/Stable’ rating from Fitch
Energy Development Oman SAOC (EDO) has received a ‘BB’ long-term issuer default rating (IDR) with a stable outlook from international ratings agency Fitch. This comes after S&P rated EDO with BB-...
Oman now exports LNG to 20 countries
Amid record production, Oman now exports liquefied natural gas (LNG) to around 20 countries globally, having added Greece to its list of importers most recently.Earlier this week, Reuters reported...
Construction of Oman's first calcined coke project completed
The construction works of Oman's first calcined coke project at the Sohar Freezone by Sanvira Carbon FZC LLC have successfully been completed. The $150 million project, which was launched in November...
SUB.CO completes final splice for Oman Australia Cable system
@JmObserver - Australian-based submarine cable development specialist SUB.CO confirms that the final splice of the Oman Australia Cable (OAC) has been installed. The OAC — a 9,800 km system...
Helios Towers extends acquisition deadline for tower portfolio in Oman
@JmObserver - Helios Towers, the independent telecommunication infrastructure company, has announced the extension of the long-stop date relating to its acquisition of Oman Telecommunications...