Oman leads MENA countries shifting away from fossil fuels to green energy
The Sultanate of Oman leads the list of Middle East and North African (MENA) countries shifting away from fossil fuels to green energy, this according to the latest report of Global Energy Monitor....
Development of Barka 5 IWP kicks off
@JmObserver - A major seawater desalination project in Barka in South Al Batinah Governorate has kicked off, officials said on Monday.The project is overseen by GS Inima, a wholly owned subsidiary...
Masirah Oil plans new Block 50 drilling campaign in Q4
Masirah Oil has announced the successful completion of the full upgrade of its production facilities at its Yumna field operations in Block 50 offshore Oman’s east coast.Major change-outs and...
Oman-Saudi partnership to invest $3 bn in EV batteries, energy storage, food security
@JmObserver - Bahwan Services and Trading LLC (BST), an affiliate of Shaikh Ahmed bin Suhail Bahwan’s group of companies (Sultanate of Oman) and Ajlan & Brothers Holding Group (Abilitii), Kingdom...
Banking sector credit climbs to RO 27.9 billion in Q1 of 2022
BUSINESS REPORTERMUSCAT, MAY 15Total outstanding credit extended by conventional and Islamic banks (collectively referred to as Other Depository Corporations – ODCs) grew by 2.8 per cent to RO 27.9...
Philippines elections in Oman smooth and successful: Ambassador
MUSCAT: The polling process for the Philippines national elections in the Sultanate of Oman was generally peaceful, according to the Philippines Ambassador Imelda M Panolong."The month-long election...
Oman’s 2022 Budget surplus climbs to RO 357m in Q1
@JmObserver - Buoyed by resurgent oil and gas prices and increasingly strong fiscals, the Sultanate of Oman’s 2022 Budget registered a surplus of RO 357 million at the end of first quarter, as...
Oman crude attracts premium in DME auction
@JmObserver - Dubai Mercantile Exchange (DME) announced on Tuesday that its DME Auction platform was utilised by the Omani Ministry of Energy and Minerals to auction a cargo of one million barrels...
Premium auto brand Exeed to roll into Oman
MUSCAT: Premium auto brand Exeed will roll into Oman, with the company reportedly in talks with leading automobile groups for distributorship here. On March 13, 2022, the Exeed brand media release has...
OFWs can vote for Philippine polls till May 9
Muscat: Filipinos living in the Sultanate of Oman can vote for the Philippine national elections till May 9, the actual date of voting in the country.According to sources in the Philippine Embassy,...
Oman now 100th country to ratify Maritime Labour Convention
MUSCAT: The Sultanate of Oman has become the 100th country to ratify a 2006 treaty that protects the rights, pay and conditions of seafarers — a milestone that was commemorated on Monday by a...
Filipinos in Oman cast votes
MUSCAT: Filipinos in the Sultanate of Oman can now cast their votes for the 2022 national elections. The overseas voting for the 2022 Philippine national and local elections started on Monday (April...
Worley wins contract to support Green Energy Oman project
@JmObserver - Leading international engineering services giant Worley has announced that it has been contracted by Green Energy Oman (GEO), an international consortium, to support their 25-gigawatt...
MSX to allow full foreign ownership in listed companies
@JmObserver - In a move to attract more international investors and foreign capital inflows into the country, the Muscat Stock Exchange (MSX) plans to allow 100 per cent full foreign ownership in...
Sultanate of Oman’s Islamic banking on positive trajectory: Fitch
International credit rating agency Fitch says the Islamic banking sector in the Sultanate of Oman is likely to sustain its positive trajectory in the short-to-medium term despite a number of...
Omani wind turbine innovation wins top prize in GCC contest
A novel vertical axis wind turbine project based on highway energy harvesting, submitted by students of UTAS-Ibri, has scooped the biggest honour at the recently concluded 4th Youth Research Forum...
641.5% growth in European guests in 3-5 star hotels in Oman
The monthly statistical bulletin of tourism indicators issued by the National Centre for Statistics and Information (NCSI) reveal that the number of European visitors during January 2022 recorded the...
Oman crude spikes to $110.81/b in record single day surge
Oman crude gained $9.96 per barrel overnight – the biggest single day surge – to settle at $110.81 per barrel on Wednesday, tracking sharp spikes recorded by international benchmarks in response...
Oman crude jumps to over $100/b for first time in 8 years
Oman crude prices surged more than 5 per cent on Tuesday to $100.85 per barrel as international oil markets weighed a coordinated international release of crude inventories against Russian supply...
Oman to award three Oil & Gas blocks this year
Eng Salim al Aufi, Under-Secretary of Oman's Ministry of Energy and Minerals, said the government is planning to award three more blocks to oil and gas companies this year to ramp up the country's oil...